The first half of 2024 set a 15-year low for first-half insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions completed in the first six months of this …
The Federal Trade Commission’s recently approved ban on noncompete agreements likely won’t survive court challenges, but that doesn’t mean the ban won’t become a model for a number of state legislatures to follow in coming months. “We don’t see it …
Atlanta-based OakBridge Insurance Agency has continued its rapid expansion with the acquisiton of Strawn & Co., headquartered in McDonough, Georgia, south of Atlanta. Strawn is one of the Atlanta area’s oldest and largest independent insurance agencies and has been in …
Signers National, the New York-based parent of several insurance companies, said it has acquired Ballantyne Insurance Group in Charlotte, North Carolina. Ballantyne specializes in coverage for human service organizations. It is own by William Bradley, who will stay on as …
Florida-based Brown & Brown Insurance, ranked as the sixth-largest independent brokerage in the country, has acquired Caton-Hosey Insurance, a personal and business-lines agency in Port Orange, Florida. The agency was founded in 1948 and has been led by Rex Caton …
Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the deal were not disclosed. Founded in 1981, Setnor …
WRM Group, formed just over a year ago with the merger of two of Alabama’s oldest insurance agencies, has now joined Higginbotham, one of the largest agency groups in the Southeast. Terms and details of the partnership were not released. …
North Carolina-based Arbour National, a privately held insurance holding company, has become majority owner in Southern Trust Insurance and it sister wholesale company, Southern Specialty Underwriters, the firms announced. Terms of the deal were not disclosed in the news release, …
Arthur J. Gallagher & Co. has acquired Nashville-based Bernard Benefits, an employee benefits brokerage serving clients in Tennessee, Indiana and Texas. Bernard, which focuses on small businesses, is a subsidiary of Bernard Health. Bernard’s Brian Tolbert, Matt Kleymeyer and the …
Warner Pacific, a large general agency in several Western U.S. states, is reaching eastward with the acquisition of Agents Marketing Group in Miami, the company announced. The acquisition of AMG, a general agency, will expand Warner’s presence into one of …
