Arthur J. Gallagher & Co. today announced the acquisition of Melville, New York-based CMS, LLC. Terms of the transaction were not disclosed. Founded in 1996, CMS, LLC is a full-service wholesale insurance broker working with agents across the United States. The team specializes in placing coverages for construction, importing, wholesaling/distributing, manufacturing and real estate businesses,… Continue reading Arthur J. Gallagher & Co. Acquires Wholesaler CMS, LLC
Tag: insurance M&As
Global Insurance M&A at A Four-Year High
The volume of mergers and acquisitions (M&A) in the insurance sector increased 10% in 2019 with 419 deals completed worldwide, up from 382 in 2018. Activity was driven by an exceptionally strong first half of the year, led by a spike in deals in Europe that had been put on hold during Brexit preparations. Although… Continue reading Global Insurance M&A at A Four-Year High
Marsh & McLennan Agency Acquires Momentous Insurance Brokerage
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, announced the acquisition of Los Angeles, California-based Momentous Insurance Brokerage, one of the state’s leading independent insurance agencies. Terms of the acquisition were not disclosed. Founded in 2008, Momentous is a full-service risk management and employee benefits firm specializing in high net… Continue reading Marsh & McLennan Agency Acquires Momentous Insurance Brokerage
Global Insurance Industry M&A Activity Up in Q3: GlobalData
In the third-quarter of 2019, total insurance industry merger and acquisition (M&A) deals worth $15.17 billion were announced around the world, which is up 51% on the previous quarter, according to GlobalData. The firm’s deals database reveals that although the value of insurance industry deals in Q3 2019 increased on the previous quarter, it actually… Continue reading Global Insurance Industry M&A Activity Up in Q3: GlobalData
Aon Report Sees Significant Growth in Demand for M&A Insurance
An increase in M&A activity in the current challenging economic environment is driving significant growth in demand for M&A insurance products, according to a new report by Aon. The report – Insurance for M&A: a coming of age and an exciting future ahead – finds that following a decline in M&A activity after the 2008… Continue reading Aon Report Sees Significant Growth in Demand for M&A Insurance
USI Insurance Services Acquires Alfred J. Davis Company
USI Insurance Services (“USI”), a world leader in insurance brokerage and risk management, today announced the acquisition of Portland, Oregon-based insurance agency Alfred J. Davis Company. Terms of the transaction were not disclosed. Founded in 1947, Alfred J. Davis Company has been providing commercial insurance and personal risk solutions to businesses and individuals in Oregon… Continue reading USI Insurance Services Acquires Alfred J. Davis Company
Risk Strategies Acquires Dash & Love
Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, announced that it has acquired Dash & Love, Inc., a well-established, full-service specialty brokerage based just outside of Philadelphia. Terms of the deal were not announced. Founded in 1930, Dash & Love is a highly respected, family-owned specialty retail insurance brokerage… Continue reading Risk Strategies Acquires Dash & Love
USI Insurance Services Acquires Scheetz, Hogan, Freeman & Phillips
USI Insurance Services (“USI”), a world leader in insurance brokerage and risk management, today announced the acquisition of Greenville, South Carolina-based insurance agency Scheetz, Hogan, Freeman & Phillips (“SHFP”). Terms of the transaction were not disclosed. Founded in 1993, SHFP is one of the leading independent insurance agencies in South Carolina, specializing in commercial insurance,… Continue reading USI Insurance Services Acquires Scheetz, Hogan, Freeman & Phillips
Alliant Formalizes Mergers & Acquisitions Group
Alliant Insurance Services has announced the formation of a new brokerage service vertical, Alliant Mergers & Acquisitions. Falling under the Alliant Specialty retail umbrella, Alliant Mergers & Acquisitions will provide expertise to private equity firms and alternative asset investors to ensure transactions are executed properly and with the right risk management techniques. “In the last… Continue reading Alliant Formalizes Mergers & Acquisitions Group
USI Insurance Services Acquires JRG Advisors, LLC
USI Insurance Services (“USI”) today announced the acquisition of Wexford, Pennsylvania-based employee benefits services firm, JRG Advisors, LLC (“JRG”). The company’s existing operations will be combined with Emerson Reid, USI’s employee benefits wholesale brokerage division. Terms of the transaction were not disclosed. Commenting on the announcement, Richard F. Galardini, chief executive officer for JRG, shared:… Continue reading USI Insurance Services Acquires JRG Advisors, LLC