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2024 Acquisition Details (YTD as of April 30, 2024)

Who’s Buying
Insurance Brokerage	475
Insurance Carrier and Other	11
Banks and Thrifts	4

What’s Being Bought
Full Service	101
P&C	292
Employee Benefits	97

Retail vs. Specialty
Retail	408
Specialty	82

All transactions listed are announced deals involving public companies, private equity backed brokers, private companies, banks, InsurTech companies (2017-2018 only) as well as others including private equity groups, underwriters, specialty lenders, etc. All targets are U.S. only. This data displays a snapshot at a particular point in time and has not been updated to reflect subsequent changes in prior years, if any. MarshBerry estimates that only 50 – 60% of all transactions are actually made public. Past performance is not necessarily indicative of future results. Data reported YTD as of 4/30/2024.

Source: S&P Global Market Intelligence, Insurance Journal, and other publicly available sources

Buyer

Deal Year

Location

Buyer Type

Seller Type

Seller Line of Business

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Announced Date	Deal Year	Buyer	Seller	Seller Location	Buyer Type	Seller Type	Seller Line of Business
03/06/18	2018	Alera Group, Inc.	Benefit Planning Services, LLC	CT	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/06/18	2018	Alera Group, Inc.	IMG Benefits Group, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/06/18	2018	Hub International Limited	Rubino Enterprises Inc./TYG Agency, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/05/18	2018	Alliant Insurance Services	Hecht & Hecht Insurance Agency Inc.	OR	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/05/18	2018	NFP Corp.	Baker Insurance Agency of Hagerstown, MD., Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/02/18	2018	K2 Insurance Services, LLC	Rockhill's General Liability and Gas & Propane Distribution business	AR	Independent Agency/Broker	MGA	P&C
03/01/18	2018	Acrisure, LLC	Bozzuto & Associates Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/18	2018	Arthur J. Gallagher & Co.	McGregor & Associates	CA	Public Broker	Retail	EB & Consulting
03/01/18	2018	BroadStreet Partners, Inc.	Certain insurance assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/18	2018	BroadStreet Partners, Inc.	Certain insurance assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/18	2018	Brown & Brown, Inc.	Kerxton Insurance Agency, Inc.	VA	Public Broker	MGA	P&C
03/01/18	2018	Hub International Limited	Spectra Management, LLC	UT	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/01/18	2018	Siebert Financial Corp.	Park Wilshire Companies Inc.	TX	Insurance Company	Retail	Multi Line
03/01/18	2018	TCOR Management	Legacy Insurors Group, LLC	TX	Independent Agency/Broker	Retail	P&C
03/01/18	2018	TCOR Management	MS&B Bonds and Insurance Services LLC	TX	Independent Agency/Broker	Retail	P&C
03/01/18	2018	U.S. Risk Insurance Group, Inc.	L.A. Xcess Insurance Brokers, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
03/01/18	2018	World Insurance Associates, LLC	Edward R. Bluestein & Associates, LLC	PA	Independent Agency/Broker	Retail	EB & Consulting
03/01/18	2018	World Insurance Associates, LLC	Poppe Agency - Insurance	NJ	Independent Agency/Broker	Retail	EB & Consulting
02/28/18	2018	Ample Insurance Company, LLC	Don Wells Insurance Agency, Inc.	FL	Independent Agency/Broker	Retail	P&C
02/28/18	2018	AssuredPartners, Inc.	Beimdiek Insurance Agency, Inc.	MO	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/28/18	2018	Digital Insurance, Inc.	Reaves Agency, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/28/18	2018	Jardine Lloyd Thompson Group Plc	International Risk Consultants, Inc.	OH	Independent Agency/Broker	Wholesale	P&C
02/27/18	2018	Navion Insurance Associates, Inc.	James G Lascola Insurance Services	CA	Independent Agency/Broker	Retail	P&C
02/21/18	2018	HealthCare Inc.	Pivot Health	AZ	Other Buyer	Retail	EB & Consulting
02/21/18	2018	Ion Financial MHC	CPM Insurance Services, LLC	CT	Bank or Thrift	Retail	Multi Line
02/21/18	2018	Ryan Specialty Group, LLC	New Day Underwriting Managers L.L.C.	NJ	Independent Agency/Broker	Wholesale	P&C
02/20/18	2018	Brown & Brown, Inc.	yourPFO Consulting, LLC	NY	Public Broker	Retail	EB & Consulting
02/20/18	2018	Risk Strategies Company, LLC	Prosurance Redeker Group, Ltd.	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/15/18	2018	Associated Banc-Corp	Diversified Insurance Solutions, Inc.	WI	Bank or Thrift	Retail	Multi Line
02/13/18	2018	Alera Group, Inc.	Wilson Albers & Company, LLC	AK	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/12/18	2018	Sunstar Insurance Group, LLC	Matson Insurance Agency, Inc.	AR	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/10/18	2018	Seeman Holtz Property and Casualty, Inc.	Senior Advisory Group of Arizona, LLC	AZ	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/09/18	2018	Confie Seguros Insurance Services	Blue Ridge Insurance, Inc.	WA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/09/18	2018	Confie Seguros Insurance Services	Day & Read, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/09/18	2018	Fairfield County Bank	Fitzpatrick Agency, Inc.	CT	Bank or Thrift	Retail	P&C
02/09/18	2018	Moulden Agency, LLC	Schrock & Associates, LLC	MI	Independent Agency/Broker	Retail	P&C
02/08/18	2018	Marsh & McLennan Companies, Inc.	Highsmith Insurance Agency Inc	NC	Public Broker	Retail	P&C
02/07/18	2018	Alera Group, Inc.	Davidson Benefits Planning	OR	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/07/18	2018	AssuredPartners, Inc.	BWE Insurance, LLC	TN	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/07/18	2018	AssuredPartners, Inc.	Delco Insurance Group LLC	LA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/07/18	2018	AssuredPartners, Inc.	DeVenne Insurance LLC	OH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/07/18	2018	AssuredPartners, Inc.	William Adams & Associates, Inc.	GA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/06/18	2018	Arthur J. Gallagher & Co.	Williams Insurance Agency, Inc.	SD	Public Broker	Retail	Multi Line
02/06/18	2018	Hub International Limited	Der Manouel Insurance & Financial Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/06/18	2018	Integrity Marketing Group LLC	American Independent Marketing, LLC	WA	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
02/06/18	2018	NSM Insurance Group, Inc.	Transport Specialties, Inc.	TN	Independent Agency/Broker- Private Capital Backed	MGA	P&C
02/05/18	2018	Hub International Limited	IPS Advisors, LLP/IPS RIA, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/05/18	2018	Richards Group	Centurion Insurance Group	NH	Independent Agency/Broker	Retail	EB & Consulting
02/05/18	2018	Winter-Dent & Company	Landwehr Insurance Services Inc. dba Winter-Dent & Co.	MO	Independent Agency/Broker	Retail	Multi Line
02/02/18	2018	Heritage-Rm, LLC	Cam Fannin Insurance Agency, Inc.	TX	Independent Agency/Broker	Retail	P&C
02/02/18	2018	Hub International Limited	Susoreny & Associates Inc.	IN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/02/18	2018	T. F. Ward Insurance Agency, Inc.	Pine Insurance Agency, Inc.	MA	Independent Agency/Broker	Retail	P&C
02/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/18	2018	Alera Group, Inc.	Aisling Partners Insurance Brokerage, LLC	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/18	2018	Alera Group, Inc.	Davidson Benefits Planning, LLC	OR	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/18	2018	Alera Group, Inc.	HR Benefit Advisors, Ltd.	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/18	2018	Alera Group, Inc.	Spring Consulting Group, LLC	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/18	2018	BroadStreet Partners, Inc.	Book of business		Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/18	2018	BroadStreet Partners, Inc.	Certain insurance assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/18	2018	NFP Corp.	BSC Group Services, L.L.C.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/18	2018	NFP Corp.	Heritage Benefits, LLC	MD	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/18	2018	NFP Corp.	Insurance Management Group, Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/18	2018	R&R Insurance Services, Inc.	Hanson Benefits, Inc.	WI	Independent Agency/Broker	Retail	EB & Consulting
01/31/18	2018	NFP Corp.	Foote's Insurance Agency, Inc.	VT	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/31/18	2018	Undisclosed buyer	Bank Services Insurance Inc	VA	Independent Agency/Broker	Retail	Multi Line
01/31/18	2018	World Insurance Associates, LLC	WPA	NY	Independent Agency/Broker	Retail	P&C
01/30/18	2018	Oak Hill Capital Partners	Paragon Insurance Holdings LLC	CT	Other Buyer	MGA	P&C
01/29/18	2018	XPT Group LLC	W E Love & Associates	NC	Independent Agency/Broker- Private Capital Backed	MGA	P&C
01/26/18	2018	Arthur J. Gallagher & Co.	Market Financial Group Ltd./Austin Consulting Group Inc.	IL	Public Broker	Wholesale	P&C
01/25/18	2018	AssuredPartners, Inc.	Capitol City Insurance Agency, Inc.	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/25/18	2018	Ryan Specialty Group, LLC	Irwin Siegel Agency Inc.	NY	Independent Agency/Broker	MGA	P&C
01/23/18	2018	AXA S.A.	Maestro Healthcare Technology Inc.	IL	Insurance Company	Retail	EB & Consulting
01/23/18	2018	Cedar Valley Insurance Agency, Inc.	First Insurance Agency of Utica	NE	Independent Agency/Broker	Retail	P&C
01/23/18	2018	Integrity Marketing Group LLC	Insurance Marketing Group LLC	CT	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/23/18	2018	Seeman Holtz Property and Casualty, Inc.	Xponent Employer Solutions, Inc.	AZ	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/22/18	2018	Foster & Foster Consulting Actuaries, Inc.	Marsh Consulting Group	CA	Other Buyer	Retail	EB & Consulting
01/18/18	2018	Kaplansky Insurance Agency, Inc.	Anthony and Malcolm Insurance Agency, Inc.	MA	Independent Agency/Broker	Retail	Multi Line
01/17/18	2018	Investor Group	U.S. Retirement & Benefits Partners, Inc.	NJ	Other Buyer	Retail	EB & Consulting
01/16/18	2018	Alera Group, Inc.	FIRM, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	MGA	P&C
01/16/18	2018	eHealth, Inc.	Health, Wealth & Life Advisors, LLC (dba GoMedigap)	TX	Other Buyer	Retail	EB & Consulting
01/16/18	2018	Insurance Center, Inc.	Eastman & Davis Insurance Agency, Inc.	MA	Independent Agency/Broker	Retail	P&C
01/15/18	2018	Arthur J. Gallagher & Co.	Daniels Group, Inc.	NJ	Public Broker	Retail	EB & Consulting
01/15/18	2018	JenCap Holdings	Genesee General	GA	Independent Agency/Broker- Private Capital Backed	MGA	P&C
01/12/18	2018	Arthur J. Gallagher & Co.	AquaSurance, LLC	TX	Public Broker	MGA	P&C
01/12/18	2018	FFI Holdings PLC	Motorsports Book of Business	CA	Other Buyer	MGA	P&C
01/10/18	2018	ICI Insurance	Z Insurance Group LLC	KS	Independent Agency/Broker	Retail	P&C
01/10/18	2018	SevenHills Partners, Inc.	Cleveland Maher, LLC	MN	Independent Agency/Broker	Retail	EB & Consulting
01/09/18	2018	AssuredPartners, Inc.	Insurance and Risk Management Services, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/09/18	2018	Integrity Marketing Group LLC	Neishloss & Fleming, Inc.	PA	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
01/08/18	2018	Higginbotham & Associates, Inc.	Independent Insurance Agents of Plainview	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/08/18	2018	Private Investor - Dennis Swit	Willis of Ohio	OH	Other Buyer	Retail	P&C
01/05/18	2018	Hub International Limited	Cosmo Insurance Service Corporation	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/04/18	2018	InsuranceHub Agency, LLC	Insley Insurance, LLC	GA	Independent Agency/Broker	Retail	P&C
01/04/18	2018	Ryan Specialty Group, LLC	Kerwick & Curran	NY	Independent Agency/Broker	Wholesale	P&C
01/03/18	2018	AmWINS Group	Seacoast Brokers LLC/Trident Claims Management	SC	Independent Agency/Broker- Private Capital Backed	MGA	P&C
01/02/18	2018	OneGroup NY, Inc.	Penna & Associates Agency, Inc.	NY	Bank or Thrift	Retail	P&C
01/02/18	2018	Sunstar Insurance Group, LLC	Town & Country Insurance Agency, Inc.	AR	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/01/18	2018	Acrisure, LLC	Undisclosed Insurance Agency	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/01/18	2018	Arthur J. Gallagher & Co.	Market Financial Group Ltd./Austin Consulting Group Inc.	IL	Public Broker	Retail	Multi Line
01/01/18	2018	BroadStreet Partners, Inc.	Book of Business		Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/01/18	2018	BroadStreet Partners, Inc.	Certain insurance assets		Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/01/18	2018	BroadStreet Partners, Inc.	Certain insurance assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/01/18	2018	BroadStreet Partners, Inc.	Undisclosed Insurance Agency	KY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/01/18	2018	Eastern Bank Corporation	Southeastern Insurance Agency, Inc.	MA	Bank or Thrift	Retail	Multi Line
01/01/18	2018	Undisclosed buyer	Healthcare Professional Services, Inc.	GA	Independent Agency/Broker	Retail	P&C
01/01/18	2018	Winona Agency	Western Insurance Agency, Inc.	MN	Independent Agency/Broker	Retail	Multi Line
01/01/18	2018	WTPhelan & Co. Insurance Agency, Inc.	Bateman Insurance Agency, Inc.	MA	Independent Agency/Broker	Retail	P&C
01/01/18	2018	WTPhelan & Co. Insurance Agency, Inc.	McQueen Insurance Agency, Inc.	MA	Independent Agency/Broker	Retail	P&C
12/31/17	2017	Acrisure, LLC	Undisclosed Insurance Agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/31/17	2017	Acrisure, LLC	Undisclosed Insurance AgencyShepherd Insurance, LLC	MI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/30/17	2017	Seeman Holtz Property and Casualty, Inc.	J & A Insurance & More, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/29/17	2017	First United Bank and Trust Company	Ledbetter Insurance Agency, LLC	OK	Bank or Thrift	Retail	P&C
12/29/17	2017	Seeman Holtz Property and Casualty, Inc.	Dash Insurance Agency	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/28/17	2017	Aebly & Associates, Inc.	Alfred W. Dye Agency & F.J. Marshall	NY	Independent Agency/Broker	Retail	P&C
12/27/17	2017	RightSure Insurance Group	Auto & Property Insurance Solutions	CA	Independent Agency/Broker	Retail	P&C
12/21/17	2017	Risk Strategies Company, LLC	Tikia Consulting Group, Inc.	LA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/20/17	2017	Maritime Insurance, LLC	Maritime Insurance Services Inc.	MD	Independent Agency/Broker	Retail	P&C
12/19/17	2017	Hanson Insurance Group	Corvallis Insurance Services, Inc.	OR	Independent Agency/Broker	Retail	P&C
12/19/17	2017	Hanson Insurance Group	Stineff Insurance Services	OR	Independent Agency/Broker	Retail	P&C
12/17/17	2017	Seeman Holtz Property and Casualty, Inc.	J&A Insurance Agency	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/15/17	2017	Galveston Insurance Associates	Truman Taylor Insurance Agency, Inc.	TX	Independent Agency/Broker	Retail	Multi Line
12/15/17	2017	USI Holdings Corporation	Insurance Services Group, Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/14/17	2017	Leavitt Group Enterprises, Inc.	Pulford Insurance Agency, Inc.	CA	Independent Agency/Broker	Retail	Multi Line
12/12/17	2017	Digital Insurance, Inc.	Ruggieri Consulting Group, LLC	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/07/17	2017	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/07/17	2017	Arthur J. Gallagher & Co.	SouthCap Brokerage Group, LLC	IL	Public Broker	Wholesale	P&C
12/07/17	2017	AssuredPartners, Inc.	Owen-Dunn Insurance Services	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/06/17	2017	AssuredPartners, Inc.	Sachs Walsh Insurance	CT	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/06/17	2017	Gunn Mowery, LLC	Doug Wallick Insurance Agency	PA	Independent Agency/Broker	Retail	P&C
12/05/17	2017	AssuredPartners, Inc.	English Insurance Group, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/05/17	2017	Hub International Limited	Contractor's Services, Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/05/17	2017	Hub International Limited	Surety Services, LLC.	MD	Independent Agency/Broker- Private Capital Backed	MGA	P&C
12/05/17	2017	PDX Partners Inc.	Atoma Advisors	OR	Other Buyer	Retail	Multi Line
12/04/17	2017	Distinguished Programs Holdings LLC	American Hole 'N One, Inc.	GA	Independent Agency/Broker	MGA	P&C
12/04/17	2017	Hub International Limited	Desert Empire Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/01/17	2017	Acrisure, LLC	Undisclosed insurance agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/01/17	2017	Acrisure, LLC	Undisclosed insurance agency	FL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/01/17	2017	Acrisure, LLC	Undisclosed insurance agency	NV	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/01/17	2017	Acrisure, LLC	Undisclosed insurance agency	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/01/17	2017	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/01/17	2017	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/01/17	2017	Acrisure, LLC	VCG Consultants LLC	GA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/01/17	2017	Alera Group, Inc.	Armstrong/Robitaille/Riegle Business and Insurance Solutions	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/01/17	2017	Alera Group, Inc.	Employee benefits division of Walker, Higgins & Assoc. LLC	SC	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/01/17	2017	Alera Group, Inc.	Hallberg Commercial Insurors, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/01/17	2017	Arthur J. Gallagher & Co.	Weiss Insurance Agencies, Inc.	IL	Public Broker	Retail	Multi Line
12/01/17	2017	BroadStreet Partners, Inc.	Certain insurance assets		Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/01/17	2017	BroadStreet Partners, Inc.	Certain insurance assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/01/17	2017	Daniel & Henry Co.	E.H. Nolkemper Insurance Agency, Inc.	IL	Independent Agency/Broker	Retail	P&C
12/01/17	2017	General Indemnity Group, LLC	Freestate Bonds, Inc.	MD	Insurance Company	Retail	P&C
12/01/17	2017	Hilb Group LLC	Insurance Trustees, Inc.	IN	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/01/17	2017	InterWest Insurance Services, LLC	Undisclosed insurance agency	CA	Independent Agency/Broker	Retail	P&C
11/30/17	2017	Prime Risk Partners, Inc.	McDermott & Thomas Associates, LLC	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/28/17	2017	Evergreen P&C Insurance Agency, Inc.	MSN Insurance Brokers, LLC	FL	Independent Agency/Broker	Retail	P&C
11/28/17	2017	Prime Risk Partners, Inc.	HBG Insurance & Bonds	IN	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/27/17	2017	Hub International Limited	Summit Financial Corp./Summit Financial Insurance Agency Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/26/17	2017	Fey Bruder Insurance Advisors	Beaton Insurance Agency, LLC	OH	Independent Agency/Broker	Retail	P&C
11/21/17	2017	NFP Corp.	KGS Insurance Services, LLC	CT	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/20/17	2017	NFP Corp.	Financial Benefit Services, LLC	MD	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/20/17	2017	The Carlyle Group	BenefitMall, Inc.	TX	Independent Agency/Broker	Retail	EB & Consulting
11/18/17	2017	Gary Thompson Agency, Inc.	Franklin Insurance Agency, Inc.	PA	Independent Agency/Broker	Retail	P&C
11/17/17	2017	Boston Insurance Brokerage, Inc.	Protx Risk Management LLC	NJ	Independent Agency/Broker	MGA	P&C
11/15/17	2017	Hilb Group LLC	IOA Northeast NY, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/15/17	2017	Reschini Agency, Inc.	S&T-Evergreen Insurance, LLC	PA	Independent Agency/Broker	Retail	Multi Line
11/14/17	2017	AssuredPartners, Inc.	Odom Scruggs	SC	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/14/17	2017	Hilb Group LLC	David Hill & Associates, Inc.	NC	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/14/17	2017	Hilb Group LLC	HR Knowledge (HRK)	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/13/17	2017	Arthur J. Gallagher & Co.	Associated Insurance Services, Inc.	CA	Public Broker	Retail	P&C
11/13/17	2017	JenCap Holdings	A.I.I. Insurance Brokerage	MA	Independent Agency/Broker- Private Capital Backed	MGA	P&C
11/13/17	2017	JenCap Holdings	Agency Intermediaries	CT	Independent Agency/Broker- Private Capital Backed	MGA	P&C
11/10/17	2017	Red Hill Insurance Agency, LLC	Byse Agency, Inc	NH	Independent Agency/Broker	Retail	P&C
11/10/17	2017	Seeman Holtz Property and Casualty, Inc.	Check Out Insurance, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/10/17	2017	Spencer Capital Holdings	McDub Enterprise, Inc.	CA	Other Buyer	Retail	P&C
11/09/17	2017	Hub International Limited	Wells Fargo Crop Insurance Agency	SD	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/08/17	2017	Armada Risk Partners, LLC	Reaume Company	MI	Independent Agency/Broker	Retail	EB & Consulting
11/07/17	2017	Sokol Insurance Agency, LLC	Eisenberg Insurance	OH	Independent Agency/Broker	Retail	EB & Consulting
11/06/17	2017	Madison Dearborn Partners, LLC	AmTrust Financial Services (transfer of 51% equity to MDP)	NY	Other Buyer	MGA	P&C
11/03/17	2017	Evergreen P&C Insurance Agency, Inc.	Pro Surety Bond Inc.	NV	Independent Agency/Broker	Retail	P&C
11/02/17	2017	Acrisure, LLC	Demetriou General Agency, Inc.	NY	Independent Agency/Broker- Private Capital Backed	MGA	P&C
11/02/17	2017	Acrisure, LLC	Triple Crown Insurance Brokerage, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/02/17	2017	Hub International Limited	Axella Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/02/17	2017	Vanbridge LLC	Universal Insurance Services, Inc.	FL	Independent Agency/Broker	Retail	Multi Line
11/01/17	2017	Acrisure, LLC	DGA Master Financial, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/17	2017	Acrisure, LLC	Undisclosed insurance agency	MO	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/17	2017	Alera Group, Inc.	Flagship Healthcare	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/17	2017	Alera Group, Inc.	Healthfirst Benefits, Inc.	PA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/17	2017	Alera Group, Inc.	Undisclosed insurance agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/17	2017	AssuredPartners, Inc.	The Hartfield Company, Inc	IN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/17	2017	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/17	2017	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/17	2017	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/17	2017	BroadStreet Partners, Inc.	Certain Insurance Assets		Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/17	2017	Hub International Limited	Undisclosed Insurance Agency	MA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/17	2017	NFP Corp.	Equias Alliance, LLC	MN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/17	2017	NFP Corp.	TC Insurance Services	NV	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/17	2017	Risk Strategies Company, LLC	Benefits Network Insurance Agency, Inc.	OH	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/31/17	2017	B.P. Marsh North America Ltd.	Western Security Surplus Insurance Brokers, Inc.	TX	Other Buyer	MGA	P&C