wholesale broker merger News

Why Wholesale Insurance Brokers Are Under Continuing Pressure to Sell

Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire. As in the retail agency segment, consolidation among wholesale brokerages is being driven by buyers with plenty of money to spend, …

BB&T to Buy Swett & Crawford for $500M

Three months after it announced it would sell its North American operations, U.K.-based wholesale and reinsurance broker Cooper Gay Swett & Crawford (CGSC) has a buyer. North Carolina-based BB&T Corp. has agreed to acquire CGSC North America Holdings Corp. for …

Insurance Innovators Group Now Known as AmWINS Access

Effective January 1, 2016, the group of five Insurance Innovators wholesale insurance brokerages known as The III Group has been renamed AmWINS Access Insurance Services, a division of AmWINS Group Inc. The III Group’s five locations were acquired by the …

Brokers Willis Group, Miller Talk Merger of Wholesale Brands

Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated as a standalone legal entity and separate Lloyd’s …

South Carolina’s Johnson & Johnson Buys H.T. Bailey of Massachusetts

Johnson & Johnson, a Charleston, South Carolina managing general agency, has acquired wholesale broker H.T. Bailey Insurance Group in Burlington and Quincy, Mass. Under its new ownership, H.T. Bailey will continue to offer products and services to independent agents and …

R-T Specialty to Buy Wholesale Broker Westrope

Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Missouri. Westrope has a national presence with concentrations in the Midwest, Southeast and Southwest. Westrope generates premiums of …