BRP Group, Inc., an independent insurance distribution firm providing tailored insurance solutions, announced today that Baldwin Krystyn Sherman Partners, LLC, an indirect subsidiary of BRP Group, has entered into an agreement to acquire all of Construction Risk Partners, LLC (“CRP”). CRP is a specialty construction brokerage firm based in Branchburg, New Jersey that provides risk… Continue reading BRP Group, Inc. Acquires Construction Risk Partners
Tag: insurance acquisition
UK Insurance Firm Howden Buys Broker Aston Lark
UK insurance firm Howden Group has bought UK insurance broker Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, the firms said on Wednesday. Howden paid 1.1 billion pounds ($1.5 billion) for the acquisition, according to a source familiar with the matter, its largest acquisition to date. The deal will create a UK business… Continue reading UK Insurance Firm Howden Buys Broker Aston Lark
Applied Underwriters Sets Acquisition of Generali’s Specialty Lines Division
Mr. Steve Menzies, Chairman, Applied Underwriters, today announced that the Company has acquired the US Specialty Lines Division of Generali Group, which includes Generali Warranty Services, LLC, a fully licensed obligor. This is the latest in an ongoing series of Applied acquisitions. Applied Underwriters will aggregate the Specialty Lines business into its newly formed Applied… Continue reading Applied Underwriters Sets Acquisition of Generali’s Specialty Lines Division
Covéa Said Targeting AXA XL Reinsurance Acquisition: Report
According to reports in the French media, insurance group Covéa is targeting an acquisition of AXA’s non-life reinsurance operations, which would be the Bermuda headquartered AXA XL Re division. Reported first by L’Argus de L’Assurance on Friday, any deal would see Thierry Derez’s mutual insurer Covéa finally realising its ambition to acquire a large, global… Continue reading Covéa Said Targeting AXA XL Reinsurance Acquisition: Report
USI Insurance Services Completes Acquisition of Northwest Insurance Services
USI Insurance Services, a world leader in risk management, employee benefit and retirement plan consulting, today announced the completion of its acquisition of the insurance business offered through Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares, Inc. Northwest Insurance Services is a wholly-owned subsidiary of Northwest Bank, offering property and casualty, life,… Continue reading USI Insurance Services Completes Acquisition of Northwest Insurance Services
USI Insurance Services to Buy Northwest Insurance Services
Northwest Bank, a subsidiary of Northwest Bancshares, Inc., today announced that it has entered into a definitive agreement to sell its insurance business offered through Northwest Insurance Services to USI Insurance Services (“USI”). Northwest Insurance Services is a wholly-owned subsidiary of Northwest Bank, offering property and casualty, life, disability and long-term care insurance, as well… Continue reading USI Insurance Services to Buy Northwest Insurance Services
Marsh & McLennan Agency Acquires PayneWest Insurance
Marsh & McLennan Agency LLC, the middle market agency subsidiary of Marsh, today announced the acquisition of Missoula, Montana-based PayneWest Insurance, one of the largest independent agencies in the US. Terms of the acquisition were not disclosed. Founded in 1992, PayneWest provides business insurance, surety, employee benefits, and personal insurance services to companies and individuals… Continue reading Marsh & McLennan Agency Acquires PayneWest Insurance
BRP Group, Inc. to Acquire Burnham Benefits Insurance Services, Inc.
BRP Group, Inc., a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that Baldwin Krystyn Sherman Partners, LLC (“BKS-Partners”), the middle-market indirect subsidiary of BRP Group, has entered into an agreement to acquire all of the outstanding equity interests of Burnham Benefits Insurance Services, Inc. (“BBIS”) and Burnham Gibson Wealth Advisors,… Continue reading BRP Group, Inc. to Acquire Burnham Benefits Insurance Services, Inc.
CRC Group Acquires W. Brown & Associates Property & Casualty
CRC Group, a nationwide wholesale distributor of specialty insurance products, announced today that it has completed the acquisition of W. Brown & Associates Property & Casualty, an Irvine, CA-based surplus lines broker and MGA. “Together, CRC Group and W. Brown will offer more to our agency customers. Across brokerage and binding, the combination brings outstanding… Continue reading CRC Group Acquires W. Brown & Associates Property & Casualty
AssuredPartners Acquires Rand-Tec Insurance Agency, Inc.
AssuredPartners, Inc. is proud to announce Rand-Tec Insurance Agency of Vernon Hills, IL has joined its organization. The staff of 24 will remain under the operational leadership of Todd Silver. The agency currently reports $8 million in annualized revenues. Todd Silver, President of Rand-Tec stated, “For over 30 years, Rand-Tec Insurance Agency has worked to… Continue reading AssuredPartners Acquires Rand-Tec Insurance Agency, Inc.