The Hilb Group, LLC (“THG”) announced today the acquisition of Summit Insurance Services, LLC (“SIS”), the insurance operations of Summit Financial Group, Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019. Virginia-based SIS is an insurance agency that primarily provides employee benefits solutions to businesses and individuals throughout the Mid-Atlantic region. SIS… Continue reading The Hilb Group, LLC Acquires Summit Insurance Services, LLC
Tag: insurance M&A
Marsh & McLennan Completes Acquisition of Jardine Lloyd Thompson
Marsh & McLennan Companies, Inc. today completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value, furthering its role as the world’s preeminent professional services firm in the areas of risk, strategy and people. “Today marks the beginning of a new era with Marsh & McLennan and… Continue reading Marsh & McLennan Completes Acquisition of Jardine Lloyd Thompson
Marsh & McLennan Companies Receives Clearance from European Commission to Acquire Jardine Lloyd Thompson
Marsh & McLennan Companies, Inc. today announced that the European Commission approved its acquisition of Jardine Lloyd Thompson Group plc. All regulatory and competition authority approvals required to close the transaction have now been satisfied. A hearing at the UK High Court has been set for March 29, 2019. Subject to the Court’s approval, the… Continue reading Marsh & McLennan Companies Receives Clearance from European Commission to Acquire Jardine Lloyd Thompson
Ryan Specialty Seals Boston Insurance Purchase
Chicago-based Ryan Specialty Group, having announced the purchase of independent wholesale insurance brokerage Boston Insurance Specialists (BIS) last week for an undisclosed fee, has completed the deal. A family owned business started in 2001 and led by founders Debbie Murphy and Peggy Giancola, BIS’ specialty product solutions include Property, Casualty, Professional Liability and Personal Lines.… Continue reading Ryan Specialty Seals Boston Insurance Purchase
AmTrust Confirms Post Take-Private Deal Exits and New Leadership
AmTrust has set out its leadership team following the completion of its $2.95bn take-private deal with private equity firm Stone Point. As previously revealed by The Insurer, a number of long serving executives are departing the carrier in the wake of the firm’s chairman and CEO Barry Zyskind, his wife’s family the Karfunkels and backers… Continue reading AmTrust Confirms Post Take-Private Deal Exits and New Leadership
Hub International Acquires Idaho-Based Apex Insurance Benefits LLC
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Apex Insurance Benefits LLC (Apex Insurance). Terms of the transaction were not disclosed. Apex Insurance, located in Blackfoot, Idaho, is an employee benefits consulting firm focusing on Group Health, Employee Benefits, Individual Health, and Senior Health products.… Continue reading Hub International Acquires Idaho-Based Apex Insurance Benefits LLC
Arthur J. Gallagher Acquires BEAM Insurance Inc.
Arthur J. Gallagher & Co. today announced the acquisition of Hatboro, Pennsylvania-based The Walsh Agency, Inc., dba BEAM Insurance, Inc. Terms of the transaction were not disclosed. Founded in 1996, BEAM Insurance provides property/casualty insurance and risk management services to solid waste haulers and other commercial clients, primarily in Eastern Pennsylvania, New Jersey and New… Continue reading Arthur J. Gallagher Acquires BEAM Insurance Inc.