Business moves and mergers News

Texas Agency Alliance Adds Four New Independent Member Agencies

Texas Agency Alliance (TAA), an alliance of independent insurance agencies in the South-Central region of the state, announced the addition of four new independent member agencies. These new members bring TAA’s alliance to over 85 independent agencies. The new entrants …

Lamb Insurance Services Acquires Illinois-Based Whittaker

Signers National announced the acquisition of nonprofit insurance company Eclipse Risk Insurance Services and Whittaker Agency, which will be be run under Lamb Insurance Services, a member company and retail agency in the Signers National family of businesses. Whittaker is …

Liberty Co. Brokers Secures $340M in Funding for Refinance, More Growth

Florida-based The Liberty Company, one of the largest property/casualty insurance brokers in the country, announced it had secured $340 million in loans to refinance debt and fuel new growth opportunities. The funding, from J.P. Morgan, Fifth Third Bank, Royal Bank …

World Acquires Wisconsin’s R&S

World Insurance Associates LLC announced that R&S Insurance Agency, Inc. (“R&S”) of Stoughton, Wisconsin has joined World as of August 1, 2023. Terms of the transaction were not disclosed. R&S has been providing insurance products and services to individuals, families …

Risk Strategies Acquires Bisnett Insurance in Oregon

Risk Strategies acquired Bisnett Insurance in West Linn, Oregon. Bisnett Insurance offers commercial lines, personal lines and employee benefits products. The firm has operations in the Pacific Northwest including Oregon, Arizona and Idaho. Bisnett’s serves a variety of industries, including …

Higginbotham Acquires Houston’s Iscential

Higginbotham has acquired Houston, Texas-based Iscential, an independent insurance agency, risk management and financial services firm and one of the largest writers of Nationwide property and casualty insurance in the country. This strategic move allows access to enhanced services for …

NFP Buys Hafetz & Associates in New Jersey

NFP, a property-casualty insurance broker, benefits consultant and retirement advisor, has acquired Hafetz & Associates, based in Linwood, New Jersey. Hafetz is a general agent specializing in health benefits, work disability and other services for businesses, according to a news …

Valent Group Acquires Coastal Professional Insurance in Alabama

Birmingham-based Valent Group, an insurance brokerage and risk management firm, has acquired Coastal Professional Insurance Inc., an independent agency in Mobile, Alabama. Coastal, or CPI, has been in the business for three decades and offers property coverage. Principals also have …

Acturis Enters U.S. Market with Acquisition of Broker Buddha

After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York City, provides insurance brokers and carriers with a …