The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter 2024. This was 11% less than a year ago. Total …
Insurance broker Hub International Limited has acquired the assets of Byrnes Agency, Inc. in Connecticut. Terms of the transaction were not disclosed. Founded in 1932, Byrnes Agency is located in Dayville and Norwich. The agency offers a full line of …
The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the year as …
Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group, Inc. Terms were not disclosed. The deal is expected to close during the third quarter 2024. “We have been impressed by the Horton team …
Independent agency sale transactions are continuing at a strong pace in 2022. Organic growth rates and profitability are booming, according to Reagan Consulting. Those financial drivers continue to steer agency merger-and-acquisition prices upward. In this environment, some agency principals are …
Specialty insurance brokerage Risk Strategies has acquired the retail brokerage operations and assets of Joyce Insurance Group and associated businesses in Pittston, Pennsylvania. The acquisition of Joyce Insurance Group represents a solidification of the Risk Strategies presence in Pennsylvania. In …
World Insurance Associates said it acquired Allied Partners Insurance Inc. of Gaithersburg, Maryland on February 1, 2022. Terms of the transaction were not disclosed. Allied Partners Insurance, Inc. was established in 2014. Wilberto Rivera and Nathan Wethje are owners. World …
Broker World Insurance Associates reports it acquired J.K. Olivieri Insurance Agency, Inc. of Middleboro, Massachusetts, on December 1, 2021. Terms of the transaction were not disclosed. J.K. Olivieri Insurance Agency was founded in 1979 in Brockton by John K. Olivieri. …
New Jersey-based broker World Insurance Associates reports it has acquired Sumner & Sumner, Inc., an Insurance agency in Willimantic, Connecticut. Terms of the transaction were not disclosed. Sumner & Sumner began in 1851 as the A.W. Jillson Insurance Agency. The …
Insurance agency Brown & Brown of Florida, Inc. has acquired substantially all of the assets of Corporate Insurance Advisors. J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark R. Schwartz, the principal of Corporate Insurance Advisors, …
