BGC Partners, a US-based brokerage and financial technology company, has agreed to divest its insurance brokerage business to The Ardonagh Group, a UK-based insurance distribution platform, for $500 million in cash. The insurance brokerage business had contributed revenue of nearly $191 million to BGC Partners during the 12-month period ending 31 March 2021. It comprises […]
Insurance brokerage giant Arthur J. Gallagher & Co. has acquired Garner & Glover Company based in Rome, Georgia, for an undisclosed price. Garner & Glover is an independent agency that provides a range of business and personal property/casualty, and life and benefits products. The company, which has been operating since 1874, also offers athletics, wellness […]
The Hilb Group (THG) has acquired Benefit Foundations and recruited employee benefits insurance specialist – Patrick Grant. The deal became effective on 1 May 2021, said the Virginia-based property and casualty and employee benefits insurance brokerage and advisory firm. Hilb Group said that Patrick Grant will join the company’s New Agency Partners office in Parsippany, […]
World Insurance Associates (WIA), a US insurance brokerage, has acquired Corporate Risk Services and Midwest Risk Management Services (collectively Corporate Risk Services) for an undisclosed price. Based in Rogers, Arkansas, Corporate Risk Services is an insurance brokerage firm that offers worker’s compensation. The company also provides all aspects of commercial insurance that range from traditional […]
World Insurance Associates (WIA), a US insurance brokerage, has acquired Szerlip & Company, based in Millburn, New Jersey, for an undisclosed price. Szerlip & Co. is an insurance agency, which was established in 1934 by Herbert Szerlip. Currently, the company has operations across 40 states in the US. Szerlip & Co. is said to have […]
World Insurance Associates (WIA), a US insurance brokerage, has acquired LCL Insurance based in Charlotte, North Carolina, for an undisclosed price. LCL Insurance is engaged in providing risk management, risk placement, and claims supervision services. Stewart Little – Managing Partner of LCL Insurance said: “Traditional insurance brokers focus on quoting the “lowest price” to their […]
Global insurance brokerage firm Arthur J. Gallagher & Co. has acquired Ashton Tiffany, based in Phoenix, Arizona, for an undisclosed price. Established in 1995, Ashton Tiffany is a full-service risk program administrator that caters to clients across Arizona. Ashton Tiffany is engaged in developing and managing public entity risk pools. Its founders John Ashton and […]
The Hilb Group (THG), a US-based property and casualty (P&C) and employee benefits insurance brokerage, has acquired Hiram Cohen & Son (HCS) for an undisclosed price. The New York-based Hiram Cohen & Son is a P&C focused agency. Established in 1919, the family-owned company specializes in high net worth personal lines, law firms, real estate, […]
The Hilb Group (THG), a US-based property and casualty and employee benefits insurance brokerage and advisory firm, has acquired Plan Benefit Services (PBSI), based in South Carolina, for an undisclosed price. Plan Benefit Services is an employee benefits consulting, management, and brokerage firm, that has been independently owned and operated since 1986. Ricky Spiro – […]
Global insurance brokerage Hub International has acquired the assets of Canada-based Prince Albert Insurance for an undisclosed price. Prince Albert Insurance is an insurance brokerage located in Prince Albert, Saskatchewan. The company offers personal, commercial, farm and specialty products insurance, which are expected to complement and bolster the existing capabilities of Hub International. Ron Wesolowski, […]