agency acquisitions News

Build vs. Buy an Agency: Organic Growth in Rising Interest Rate Environment

Now that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play when agents want …

Insurance Office of America Acquires Hornung Agency in Delaware

Insurance Office of America (IOA) of Longwood, Florida, has acquired Thomas J. Hornung & Associates, an independent insurance agency in the Wilmington, Delaware area. Thomas J. Hornung, who founded the agency in 1997, and all employees will join the IOA …

Wells Fargo Renews Hunt for Insurance Brokerages to Buy

Wells Fargo & Co is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations did not pan out. Laura Schupbach, executive vice president and head of Wells Fargo Insurance, said she “hit the pause …