agency M&A 2104 News

Regions Insurance Opens Captive Practice in Georgia; Buying A.I. Insurance

Regions Insurance, an affiliate of Regions Bank, has opened a new office in Athens, Georgia, to provide captive insurance services. The office was established as a team of five principals and 29 associates joined Regions Insurance Inc.1 from the former …

EPIC Acquires Atlanta Specialty Brokerage Greyling

EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage, has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk management consultant based in Atlanta, Ga., with locations in St. Louis, Mo. and Tampa, Fla. …

Confie Seguros Acquires 2 New York, 1 California Brokers

Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages, two in New York’s Buffalo area and one in California. Confie Seguros acquired The Insurance Market Agency Inc. in Tonawanda, New York and Action Auto Insurance …

Wholesaler RT Specialty Acquires Tennessee Underwriters

Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) has acquired the assets of excess and surplus broker, Tennessee Underwriters Inc. (TUI). A family-owned business, TUI was formed in 1980 in Nashville. It moved to nearby Franklin in 1981. Tennessee …

Hilb Group Acquires North Carolina’s Lake Norman Benefits

The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina. Terms were not disclosed on the transaction that closed on Nov. 1. LNB will continue to operate at its current location under previous owner and …

‘Robust’ Activity Ahead for Agency M&As, Says OPTIS

There were 165 announced merger and acquisition transactions of insurance agencies in the U.S. and Canada in the first six months of 2014, a jump of nearly 40 percent over the same period in 2013. Also, according to an OPTIS …