Auto-Owners Insurance to Acquire Capital Insurance Group in California

Article 1 Comments Auto-Owners Insurance has entered into a definitive agreement to acquire Monterey, Calif.-based Capital Insurance Group. Terms of the deal were not disclosed. Philo Smith & Co. was the exclusive financial advisor to Auto-Owners. Auto-Owners Insurance Group is headquartered in Lansing, Mich. Auto-Owners is a multiline property/casualty insurer […]

Ryan Specialty Group to Acquire Texas’ Myron F. Steves & Co.

Article 0 Comments Chicago-based Ryan Specialty Group LLC has reached an agreement to acquire the assets and operations of Myron F. Steves & Co. (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional offices in Austin, Dallas and San Antonio. The Myron Steves team will […]

Arthur J. Gallagher Acquires Surety Solutions, and Agency Multiplied in Oregon

Article 0 Comments Arthur J. Gallagher & Co. has acquired Salem, Ore.-based Surety Solutions LLC and Agency Multiplied Inc. Terms of the deal were not disclosed. Surety Solutions is a surety focused agency that specializes in offering surety bonds for mortgage brokers, artisan contractors and other industries. Arthur J. Gallagher […]

USI Insurance Services to Acquire U.S. Risk Insurance Group

Article 0 Comments Dallas-based property/casualty program and specialty brokerage firm, U.S. Risk Insurance Group (U.S. Risk), announced it has agreed to be acquired by USI Insurance Services (USI). The transaction is expected to close in the second quarter of 2019, subject to customary conditions and regulatory requirements. U.S. Risk will […]

Ryan Specialty Group to Acquire Oklahoma’s Westphalen Insurance Services

Article 0 Comments Chicago-based Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Westphalen Insurance Services Inc. (Westphalen), an independently owned wholesale insurance brokerage located in Edmond, Oklahoma. The Westphalen team will become part of R-T Specialty LLC (RT Specialty), the wholesale brokerage […]

Hub Acquires Assets of Texas Agency, US Insurance Source

Article 0 Comments Insurance broker Hub International Limited has acquired the assets of US Insurance Source LLC and certain of its affiliates (USIS). Terms of the transaction were not disclosed. Headquartered in Spring, Texas, USIS is an independent insurance agency specializing in commercial insurance, including trucking insurance. USIS provides coverages […]

Arthur J. Gallagher Acquires The Chapman Group in Louisiana

Article 0 Comments Global insurance brokerage, risk management and consulting services firm ,Arthur J. Gallagher & Co., has acquired Baton Rouge, Louisiana-based The Chapman Group Inc. Terms of the transaction were not disclosed. Founded in 2003, The Chapman Group is an employee benefit consultant and retail property/casualty broker offering coverage […]

Arlington/Roe Finalizes Acquisition of Wisconsin Surplus Lines Broker

Article 0 Comments Indianapolis-based managing general agent and wholesale insurance broker Arlington/Roe & Co. has completed the acquisition of Robert W. Schmidt & Company LLC, a special risk broker located in the Milwaukee suburb of Brookfield, Wisconsin. Robert W. Schmidt & Company was founded in 1991 by Bob Schmidt, Jr. […]

Indiana’s United Health Actuarial Services Acquired by Risk Strategies

Article 0 Comments Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired United Health Actuarial Services Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based just north of Indianapolis in Carmel, Indiana. Terms of the deal were not disclosed. Founded in 2000 by […]

K2 Insurance Acquires Assets, Operations of Nebraska’s Mid-America Risk Managers

Article 0 Comments K2 Insurance Services LLC (K2) has completed its acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM). MARM, based in Omaha, Nebraska, is a farm and agricultural focused specialty general agency that distributes specialty insurance products through independent agents and brokers. MARM is one […]