Business Moves & Mergers News

AnaCap Equity Firm to Sell French Broker AssurOne Group

AnaCap Financial Partners, a private equity firm, has agreed to sell French insurance broker AssurOne Group to Societe Centrale Prevoir SA, an asset management firm based in Paris. AOG specialises in online distribution and management of personal insurance products. AnaCap …

Athens Insurance Agency of Tennessee Partners with United Benefit Advisors

United Benefit Advisors (UBA), a nationwide independent employee benefits advisory organization, has added Athens Insurance Agency as one of its partner agencies. Athens Insurance Agency provides affordable personal, commercial, and employee benefits coverage. The company is located in Athens, Tenn., …

Hub Acquires Assets of G.P. Barich Insurance Agency in California

Hub International Ltd. has acquired the assets of G.P. Barich Insurance Agency Inc. in Redlands, Calif. George Barich, president of Barich Insurance, will join Hub California and will report to Jim Jesser, executive vice president of Hub California. Terms of …

The Hilb Group Acquires Massachusetts’ Mackintire Insurance Agency

The Hilb Group LLC (THG) has acquired Massachusetts-based Mackintire Insurance Agency Inc. The transaction became effective December 1, 2018. Mackintire is a commercial and personal lines retail insurance agency founded in 1991. Located in Westborough, Mass., the company serves clients …

Hub Acquires Assets of Pennsylvania’s Nolen Associates, Massachusetts’ Dadgar Insurance

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Nolen Associates Inc. Terms of the transaction were not disclosed. Located in Springfield, Penn., Nolen Associates is a full-service medical malpractice insurance agency representing more than 1,000 …

Gallagher Bassett Acquires UK-Based Property Claims Management Services

Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating back to 1991, Tamworth, England-based PCMS business provides …

UK Fintech Startup Revolut Gets EU Banking License in Lithuania

Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, …

Alera Group Acquires Ohio Employee Benefits Firm, Bailey & Company

Alera Group has acquired Bailey & Company, an employee benefits firm headquartered in Cincinnati, Ohio. Terms of the transaction were not disclosed. Bailey & Company specializes in a wide variety of employee benefit programs. The firm helps its clients – …

Kaplansky Insurance Acquires Massachusetts’ Burak Insurance

Kaplansky Insurance, an independent, Needham, Mass.-based agency, has acquired Burak Insurance, located in Canton, Mass. The addition of Burak marks Kaplansky Insurance’s 31st overall acquisition and its fourth for 2018. The agency currently operates 12 locations throughout Massachusetts. Founded in …

Gallagher Buys IBS Re Singapore, 40% Stake in Indonesia’s IBS Insurance Broking

Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker, IBS Re Singapore. Other …