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July 8, 2020

CBIZ Acquires Prince-Wood Insurance

CBIZ Inc. has acquired property and casualty insurance agency Prince-Wood Insurance L.L.C....

By Adam Burroughs

June 10, 2020

Nationwide invests in Planck

Nationwide recently made a venture capital investment in Planck, which has created an artificial intelligence-driven data platform for commercial insurance. The funding, which was part of a $16 million Series B round, comes from Nationwide’s $100 million venture capital investment fund....

By Jayne Gest

June 5, 2020

BroadStreet Partners raises $100M in mezzanine financing

Penfund, an independent provider of junior capital to North American middle market companies in Toronto, recently completed a $100 million second lien debt and equity co-investment in Columbus-headquartered BroadStreet Partners Inc....

By Jayne Gest

May 21, 2020

Oswald’s Bob Klonk: Supply Chain Risk Will Be A Critical Negotiating Point For Post-Pandemic Dealmaking

Health experts have stressed repeatedly that a COVID-19 vaccine is most likely at least a year away, a reality that will be on the minds of dealmakers at every turn, says Oswald Cos. CEO Chairman and CEO Robert J. Klonk....

By Dustin S. Klein & Mark Scott

May 18, 2020

Team Scotti sold to NFP

NFP has acquired LFG Inc., DBA Team Scotti. The Pittsburgh-based company is a national insurance broker offering insurance solutions and employee benefit programs to Major League Baseball and Minor League Baseball and their affiliates....

By Jayne Gest

May 4, 2020

Brown & Brown Completes Deal To Buy Solon-Based Loan Protector Insurance

The Loan Protector operations will join with Daytona Beach, Florida-based Brown & Brown’s subsidiary, Proctor Financial, to operate as Proctor Loan Protector....

By Mark Scott

May 1, 2020

ESS NexTier merges into IMA Financial Group

IMA Financial Group, a Denver-headquartered national insurance brokerage firm, completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania....

By Jayne Gest

February 27, 2020

Oswald’s Robert J. Klonk: Culture, Employee-Owners Drive Firm’s Opportunistic Approach To Dealmaking

Acquisitions create opportunity for Oswald Cos., as well as the companies the business pursues for a deal, says Robert J. Klonk....

By Mark Scott

February 6, 2020

Dean Zayed: Ready To Deal, Not Ready To Walk

Dealmaking provides options. Darryl Ronconi and Dean Zayed found a way to sell a majority interest in Brookstone Capital Management and retain a strong voice in the company moving forward....

By Mark Scott

February 5, 2020

CBIZ Snags Alliance Insurance Services, Pension Dynamics Co.

Alliance Insurance Services is based in Washington D.C. while Pension Dynamics is headquartered in Pleasant Hill, California....

By Mark Scott

February 4, 2020

Hylant’s Kim Riley: Dealmaking Provides Opportunity To Those Willing To Put In The Work

Relationship-building is a big part of Kim Riley’s M&A strategy at Hylant Cleveland....

By Mark Scott

January 8, 2020

Hub International Buys Briargate Insurance

Mike Ziegler, owner of Briargate Insurance, will join Hub Midwest....

By Mark Scott

January 7, 2020

Hub International Buys BC-Based RHC Insurance Brokers

Headquartered in Nelson, British Columbia, Canada with nine additional offices across the province, RHC is an independent insurance brokerage that provides personal and business insurance....

By Mark Scott

January 6, 2020

Kuvare Completes Deal To Buy Lincoln Benefit Life Co.

Based in Lincoln, Nebraska, LBL is the third operating U.S. life insurance business acquired by Kuvare since 2016....

By Mark Scott

January 6, 2020

Hub International Buys Cranbrook Bloomfield Insurance Agency

Headquartered in Bloomfield Hills, Michigan, CBIA is an independent insurance brokerage providing personal and commercial insurance, and employee benefits solutions to individuals and businesses....

By Mark Scott

January 3, 2020

Clearcover Closes $50M Series C Funding Round

This round follows the company's $43 million Series B, which closed in January 2019, and brings Clearcover's total funding to more than $104 million since its 2016 founding....

By Mark Scott

January 2, 2020

Bold Penguin buys Virginia-based xagent

Columbus-based Bold Penguin has acquired xagent, an independent, multi-quote platform for standard and surplus lines business insurance market. This strategic acquisition should enable Bold Penguin to better serve insurance carriers, brokers and agents through increased scale and a single choice in the market....

By Jayne Gest

December 19, 2019

Allstate To Phase Out Esurance Brand

Allstate's intent is to combine the Allstate, Esurance, Encompass and Answer Financial organizations into one business model. The Esurance brand will be phased out in 2020....

By Mark Scott

December 19, 2019

Huron Capital-Backed High Street Insurance Partners Buys InPro

Based in Troy, InPro provides commercial, group and personal insurance to businesses ranging from local governments to maintenance services and industrial manufacturing....

By Mark Scott

December 10, 2019

Hub International Buys Montana Business

Based in Missoula, Montana, Troy Carlson will join Hub Mountain, bringing with him a depth of experience in personal and commercial insurance....

By Mark Scott

December 9, 2019

The Institutes acquires three knowledge-sharing platforms from LRP Media Group

Risk & Insurance, National Workers’ Compensation and Disability Conference & Expo and National Ergonomics Conference & ErgoExpo are all part of the deal....

By Adam Burroughs

December 5, 2019

Hub International Buys Blair Jarcik Insurance Agency

Blair Jarcik, president of Blair Jarcik Insurance Agency, will join Hub California and report to Bryan Costello, regional leader for the San Francisco Bay Area....

By Mark Scott

December 4, 2019

Hub International Buys SilverStone Group

Hub completed 66 acquisitions in 2018, accounting for more than $200 million in additional revenue over the past year. To date, Hub has completed 60 deals in 2019....

By Mark Scott

December 3, 2019

Hub International Buys HMBD Insurance Services

Located in Long Beach, California, HMBD is a full-service insurance agency providing multi-line insurance solutions including personal, commercial and employee benefits products for its clients....

By Mark Scott

November 20, 2019

Hub International Buys Assets Of NY-Based JW Retirement Group

The Chicago-based company is buying the brokerage services and investment advisory book of business from William Peragine III, AIF® and John Biondo CRPS....

By Mark Scott

November 12, 2019

Zito Insurance Bought By Risk Strategies

Risk Strategies’ entry into Ohio came with the 2017 acquisition of Brightstone, a specialist focused on next-day delivery and courier businesses with offices in Cleveland....

By Mark Scott

November 12, 2019

Aon’s Vipul Patel explains the role of reps and warranties insurance

The use of reps and warranty insurance is on the rise, as it helps sellers walk away after a deal closes and gives buyers risk protection. Aon's Vipul Patel goes over the nuts and bolts of this M&A tool....

By Jayne Gest

November 7, 2019

MedPilot Co-Founders Bring A Methodical Approach To Scaling Their Business

Matt Buder Shapiro and Nathan Spoden have taken a humble yet confident approach to building MedPilot....

By Mark Scott

November 7, 2019

Hub Completes Two More Deals

Hub International Ltd. has acquired Stevens-Dell & Associates Insurance, as well as the book of business from marine specialist Blake Murphy....

By Mark Scott

November 6, 2019

Clearcover’s Kyle Nakatsuji: Talk To As Many Investors As You Can

Pitching investors works best when you connect with as many as possible, says the auto insurer's CEO....

By Mark Scott

November 5, 2019

Hub Buys Newsura Insurance Services

Roseville, California-based Newsura provides insurance and risk management services to the healthcare industry, specializing in medical professional liability insurance for medical groups....

By Mark Scott

November 4, 2019

Hub Buys RBI Advisory Group

Okotoks, Alberta-based RBI Advisory Group has provided strategic group benefit advisory services to employers and associations for nearly 20 years....

By Mark Scott

October 31, 2019

Dash & Love bought by Risk Strategies

Dash & Love, Inc., a full-service specialty brokerage based just outside of Philadelphia, has been acquired by Risk Strategies, a privately held national insurance brokerage and risk management firm....

By Adam Burroughs

October 18, 2019

Young Alfred closes $10M VC round

Young Alfred, a Philadelphia-based provider of an online home insurance marketplace that enables consumers to compare and buy home insurance, has raised $10 million in venture funding from undisclosed investors....

By Adam Burroughs

October 17, 2019

Accolade gets $20M from Humana

The strategic investment will allow the two organizations to tailor the Humana with Accolade solution for a broader base of fully-insured and ASO prospects and clients....

By Adam Burroughs

October 8, 2019

Hub International Buys Ontario-Based PDF Financial

Toronto, Ontario-based PDF is an independent brokerage offering consulting and outsourcing services for employee benefit programs, human resources and related financial advice....

By Mark Scott

October 7, 2019

Hub International Buys Assets Of LBA Insurance Services

Based in Chatsworth, California, LBA is a full-service agency providing employee benefits, retirement and consulting services....

By Mark Scott

October 3, 2019

Hub International Buys Doug Johnson Insurance

The company’s president and CEO, Doug Johnson, is a Gainesville native and former quarterback for the University of Florida who went on to play seven years in the NFL....

By Mark Scott

October 3, 2019

Petplan bought by Warburg Pincus

The acquisition is expected to provide Petplan with access to significant capital and resources to drive growth....

By Adam Burroughs

October 2, 2019

Hub International Buys Regency Advisor Corp.

The move is intended to continue the reinforcement of Hub's ongoing Canadian employee benefits growth and services strategy to assemble best-in-class capabilities and entrepreneurial talent across Canada....

By Mark Scott

September 27, 2019

Gallagher To Buy LSG Insurance Partners

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm with operations in 35 countries....

By Mark Scott

September 23, 2019

Simplicity purchases EBS

Summit, New Jersey-headquartered Simplicity Group Holdings has acquired Executive Brokerage Services Inc., an independent insurance distribution company based in Pittsburgh. Through acquisition and partnership of insurance distribution organizations and technology companies, Simplicity seeks to provide sophisticated business solutions....

By Jayne Gest

September 23, 2019

Bold Penguin raises $32M in Series B funding

Insuretech startup Bold Penguin Inc. completed a $32 million Series B funding round. The Columbus company, which has raised $51.8 million to date, will use the funds to accelerate R&D by way of growing its employee roster, which doubled in the past year, and lay runway for firm’s expansion into specialty markets that insure high-risk segments....

By Jayne Gest

September 23, 2019

Hub International Buys Denver-Based MRP

Based in Denver and with a second office in Salt Lake City, Utah, MRP provides investment and retirement plan consulting services to corporations, governmental and nonprofit organizations....

By Mark Scott

September 20, 2019

Gallagher buys Andrew Insurance

Arthur J. Gallagher & Co. has acquired Powell, Ohio-based Andrew Insurance Associates Inc. The deal helps Gallagher further build its presence in the Columbus area and brings the company additional strengths in practice areas that it is looking to grow and expand....

By Jayne Gest

September 19, 2019

Hub International Buys WhartonHill Advisors

WhartonHill Advisors offers investment management, retirement plan expertise, investment fiduciary services, wealth management, financial and retirement services planning, and specialized executive benefit services....

By Mark Scott

September 18, 2019

Gallagher buys Allied Insurance Brokers

Arthur J. Gallagher & Co. has acquired Pittsburgh-based Allied Insurance Brokers and its subsidiary, Ascinsure Specialty Risk. The Rolling Meadows, Illinois-headquartered global insurance brokerage plans to utilize Allied’s niche expertise in the crane and scaffold industries as a natural addition to Gallagher’s construction practice capabilities....

By Jayne Gest

September 18, 2019

Brown & Brown Sells General Agency To BenefitMall

The acquisition marks the first time BenefitMall will enter the Pennsylvania market....

By Michael Marzec

September 18, 2019

Hub International Buys NY-Based EPIC Retirement Services

EPIC Co-Founder Eva Kalivas will join Hub Northeast, working with Reich and collaborating heavily with Paul Collins, president and CEO of Hub Northeast....

By Mark Scott

September 11, 2019

Huron Capital-Backed High Street Makes Sixth Acquisition

As one of the largest agencies in the Grand Rapids market, Ottawa Kent has operated for more than 40 years, providing insurance solutions to more than 10,000 customers, with offices in Jenison, Sparta, Holland and Byron Center....

By Mark Scott