The Insurance Agency Mergers and Acquisitions Insider

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Insurance Agency Mergers and Acquisitions News August 2014

Chicago-Based Linden Group Joins Digital Benefit Advisors

Linden Group Health Services has joined Digital Benefit Advisors (DBA), a division of Digital Insurance.

Digital acquired the Chicago firm, which specializes in group benefits solutions for small to mid-sized companies, and will open a second DBA office in Chicago, increasing the number of DBA locations across the country to 22…

Arthur J. Gallagher Acquires Missouri-Based Travel Insurance Agency

Arthur J. Gallagher & Co. has acquired Trip Mate Inc., based in Kansas City, Mo.

Established in 1989, Trip Mate is a full service travel insurance agency that provides a wide variety of travel protection plans and services for their travel industry clients throughout the United States. The firm specializes in trip cancellation/interruption, lost baggage and traveler assistance programs sold through travel agencies, tour operators and cruise lines…

KAPNICK INSURANCE GROUP ACQUIRES OPG BENEFITS

Southfield, Michigan (August 19, 2014) – Kapnick Insurance Group announced today it has acquired OPG Benefits based in Brighton, MI. OPG Benefits has provided benefits consulting services to the public sector – school district segment for over 18 years.

Arthur J. Gallagher Acquires Cowles & Connell in N.Y.

Arthur J. Gallagher & Co. announced the acquisition of Cowles & Connell based in Brewster, New York and Meriden, Connecticut. Terms of the transaction were not disclosed.

Established in 1892, Cowles & Connell is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent retail insurance broker clients throughout United States…

NFP acquires Poulos Insurance

NFP, a provider of benefits, property and casualty and life insurance and wealth management services, has expanded its property and casualty business in New England with the acquisitions of Poulos Insurance, Inc and Altus Specialty Group, LLC. Poulos, which has 11 offices in Vermont, closed on August 4, 2014 and ASG closed on August 8, 2014. Commenting on today’s announcement, Douglas W Hammond, Chairman and Chief Executive Officer of NFP, said: “Poulos and ASG have a combined New England presence which expands NFP’s national standing and continued dedication to growing our property and casualty insurance practice. We are excited to welcome these high quality firms and all their employees to the NFP family.”…

Hilb Group Acquires Martin Agency of Kentucky, Florida

The Hilb Group  has acquired The Martin Agency Inc. (TMAI) with offices in Danville, Kentucky, and Celebration and Ormond Beach, Florida.

TMAI will continue to operate at its current locations…

Norman-Spencer Acquires Northern Star Management

(Dayton, Ohio) August 6, 2014 – Norman-Spencer Agency, Inc., a leading national property and casualty insurance provider, announced today that they have completed the acquisition of Northern Star Management, Inc. (Northern Star). Based out of New Jersey since 1997, Northern Star has been an underwriting management company and wholesale producer working with a network of brokers and agents to offer specialized transportation insurance solutions. – See more at: http://norman-spencer.com/news/corporate/norman-spencer-acquires-northern-star-management…

Assured Partners Acquires The Wright Group Services of Colorado

LAKE MARY, Fla. – [July. 30, 2014] – AssuredPartners Inc., through its subsidiary AssuredPartners of Colorado, has acquired The Wright Group Services. The agency specializes in employee benefits, property and casualty insurance and retirement services. Operations are based in Denver, with additional locations in Eagle and Colorado Springs, Colorado…

NFP Acquires Cincinnati, Ohio-Based Benefit Resources

National Financial Partners Corp. (NFP), a provider of benefits, property/casualty and life insurance, and wealth management services, announced it has acquired Benefit Resources Inc., a Cincinnati-based insurance consulting and brokerage firm that has been a member of NFP’s Benefits Partners organization since 2008.

The transaction closed on July 31, 2014…

About Michael Mensch

Michael is a managing partner and client advisor for Agency Brokerage Consultants, a national mergers and acquisitions firm serving independent insurance brokerages.

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