wholesale broker merger News

Rival Wholesale Brokers Ryan Specialty Group and All Risks Agree to Merge

Two of the largest property/casualty insurance wholesalers are looking to merge. The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach, Florida, which has close to $2.6 billion …

JenCap to Buy Program Administrator Aran Insurance Services

JenCap Holdings, a consolidator of specialty insurance businesses backed by The Carlyle Group, has agreed to acquire privately-held Aran Insurance Services Group, a specialty program administrator with offices in Arizona, Colorado, Massachusetts and New York. The acquisition of Aran is …

Ryan Specialty Completes Acquisition of Atlantic Specialty

Ryan Specialty Group has acquired the assets and operations of Atlantic Specialty Lines Inc. Terms of the transaction were not disclosed. The ASL team is now a part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group. The …

Ryan Specialty Group to Acquire Wholesaler Atlantic Specialty Lines

Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL …

Worldwide Facilities to Acquire Sullivan Group

Two leading Los Angeles-based national wholesale insurance businesses will be joining forces as Worldwide Facilities has agreed to acquire The Sullivan Group. Worldwide Facilities plans to acquire all of the outstanding capital stock of Sullivan. No other financial details were …

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 …