Independent insurance agency network Renaissance reports it has has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA), an agency network based in Buffalo, New York. Renaissance said CIA’s 23 members collectively represent $47 million in premium and …
Insurance broker Patriot Growth Insurance Services and its partner insurance agency FBinsure of Taunton, Massachusetts announced that they recently added Maggiacomo Insurance, Hanuschak Insurance, and Gilmartin Insurance of the Rhode Island Insurance Group to the Patriot platform in the Northeast. …
The Pennsylvania-based Keystone Agency Partners (KAP) insurance brokerage platform reported that it has secured an additional $330 million of financing. Apogem Capital led the financing which was significantly over-subscribed and jointly arranged by Crescent Capital, both existing lenders to KAP. …
Keystone Insurers Group, the fourth largest insurance agency network, has agreed to merge New Jersey Agents Alliance (NJAA) into its nationally ranked network. Keystone said NJAA’s 22 owners/members unanimously approved the agreement. The terms of the transaction were not disclosed. …
Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed. Jerry Farrell, who founded Farrell Insurance Associates in 1996, has …
Dale A. Frank Financial has become a member of Renaissance’s network of New England-based independent agencies. Dale A. Frank Financial is an independent financial services firm in Sunderland, Mass. that offers homeowners, auto, business, and specialty coverage products. Other recent …
BKCW in Texas Joins Insurors Group Insurors Group LLC, an alliance of independent insurance agents in Texas, has added BKCW LP, located in Killeen, as a member. BKCW has served clients in Texas for more than 65 years. The Insurors …
Private equity firm Odyssey Investment Partners has joined with management of SIAA (Strategic Insurance Agency Alliance), the nation’s largest alliance of independent insurance agencies, to acquire the company. New Hampshire-headquartered SIAA says its model and operations will remain unchanged under …
Fast-growing global insurance brokerage Acrisure announced it has closed on two transactions representing a significant capital raise of $3.45 billion. BDT Capital Partners, a merchant bank, led a $3 billion investment through its affiliated investment funds into Acrisure’s senior preferred …
Renaissance Alliance Insurance Services Adds 33 Members in 2020 Renaissance Alliance, a network for independent insurance agencies, announced that 2020 represented the largest year of growth in the company’s history. In the midst of the pandemic, Renaissance added 33 new …
