Crouse and Associates, a transportation specialist, has been acquired by Ryan Specialty Group, a leading international specialty insurance firm. Crouse is headquartered in San Francisco, California, and has offices throughout California, Oregon, and Dallas, Texas. The Crouse team has joined RT Specialty, Ryan Specialty’s wholesale brokerage division, expanding the firm’s transportation offering. Crouse, which was… Continue reading Ryan Specialty Acquires Transportation Wholesaler Crouse and Associates
Tag: insurance M&A
Marsh McLennan Agency Acquires Pelnik Insurance
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Pelnik Insurance, a leading independent agency in North Carolina. Terms of the acquisition were not disclosed. Founded in 1994, Pelnik Insurance, led by CEO Chris Pelnik, offers business insurance, employee health and benefits, and private client services to midsize businesses and individuals… Continue reading Marsh McLennan Agency Acquires Pelnik Insurance
Arthur J. Gallagher & Co. Acquires W.P. Dolle, LLC
Arthur J. Gallagher & Co. today announced the acquisition of Cincinnati, OH-based W.P. Dolle, LLC. Terms of the transaction were not disclosed. Founded in 1872, W.P. Dolle is a retail property/casualty agency and employee benefit consultant serving a diverse client base across the greater Cincinnati tristate region. With an emphasis on risk management, W.P. Dolle… Continue reading Arthur J. Gallagher & Co. Acquires W.P. Dolle, LLC
Liberty Partners with Cormac Insurance Services
The Liberty Company Insurance Brokers announced today that it has partnered with Cormarc Insurance Services. Cormarc Insurance Services was established in 2004 by William Frederick. Located in Murrieta, California, the agency sales and customer service professionals have more than 150 years combined education and experience in all areas of insurance. The agency is committed to… Continue reading Liberty Partners with Cormac Insurance Services
BRP Group, Inc. Enters Into Agreement to Acquire Jacobson, Goldfarb & Scott, Inc.
BRP Group, Inc., an independent insurance distribution firm delivering tailored insurance solutions, today announced that, through its indirect subsidiaries, BRP Group has entered into an agreement to acquire substantially all of the assets of Jacobson, Goldfarb & Scott, Inc., including the equity interests of certain of its subsidiaries (collectively, operating as “JGS”). Based in Holmdel,… Continue reading BRP Group, Inc. Enters Into Agreement to Acquire Jacobson, Goldfarb & Scott, Inc.
CRC Group Closed on Acquisition of Constellation Affiliated Partners
CRC Group, a leading wholesale specialty insurance distributor in North America, announced that the company closed on the acquisition of Constellation Affiliated Partners. The addition of Constellation Affiliated Partners more than doubles the size of CRC Group’s Specialty Programs Division and creates one of the largest program managers in North America. CRC Group’s new Specialty… Continue reading CRC Group Closed on Acquisition of Constellation Affiliated Partners
Insurance Dealmaking Remained Active in the First Half of 2021: PwC
Deal activity in the insurance industry picked up where it left off at the end of 2020 with an active first half of 2021, highlighted by five megadeals. In the first five months of 2021, there were 215 announced transactions, with $24.6 billion in announced deal value. Deal volume was driven primarily by announced M&A… Continue reading Insurance Dealmaking Remained Active in the First Half of 2021: PwC
IMA Financial Group Acquires Bolton & Company
IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, announced today that it will partner with California-based Bolton & Company to expand its brokerage services to California. The transaction is effective May 1, 2021. Together, the powerhouse brokerage firm will employ 1,200 associates and generate… Continue reading IMA Financial Group Acquires Bolton & Company
Insurer M&A Activity Poised for a Breakout Year: S&P
Analysis by S&P claims that for 2021, insurance carrier merger and acquisition (M&A) activity is poised for a breakout year, with deal value potentially reaching as high as $71.65 billion in the aggregate. Deal value of this magnitude would represent an increase of 269.5% from the levels seen in 2020, and would be the third… Continue reading Insurer M&A Activity Poised for a Breakout Year: S&P
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