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Industry Transactions

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

Who’s Buying
Insurance Brokers – Independent	32
Insurance Brokers – Public	15
Insurance Brokers – Private Capital-Backed	142
Insurance Carrier and Other	6
Banks and Thrifts	2

What’s Being Bought
Full Service	46
P&C	116
Employee Benefits	35

Retail vs. Specialty
Retail	162
Specialty	35

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
04/24/14	2014	Arthur J. Gallagher & Co.	American Wholesalers Underwriting, Ltd.	CT	Public Broker	Wholesale	P&C
04/24/14	2014	Brown & Brown, Inc.	Pacific Resources Benefits Advisors, LLC	IL	Public Broker	Retail	EB & Consulting
04/24/14	2014	Brown & Brown, Inc.	Pacific Resources Benefits Advisors, LLC	IL	Public Broker	Retail	EB & Consulting
04/24/14	2014	Eastern Bank Corporation	Smith Buckley & Hunt Insurance Agency, Inc.	MA	Bank or Thrift	Retail	Multi Line
04/24/14	2014	Eastern Bank Corporation	Smith Buckley & Hunt Insurance Agency, Inc.	MA	Bank or Thrift	Retail	Multi Line
04/24/14	2014	Kemmons Wilson Insurance Group LLC	Heritage Financial Group, LLC	TN	Independent Agency/Broker	Retail	EB & Consulting
04/24/14	2014	Kemmons Wilson Insurance Group LLC	Heritage Financial Group, LLC	TN	Independent Agency/Broker	Retail	EB & Consulting
04/18/14	2014	First National Bank of Gilmer	Hogue Insurance Agency, Inc.	TX	Bank or Thrift	Retail	Multi Line
04/18/14	2014	First National Bank of Gilmer	Hogue Insurance Agency, Inc.	TX	Bank or Thrift	Retail	Multi Line
04/18/14	2014	NFP Corp.	Schwartz Brothers Insurance Agency, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/18/14	2014	NFP Corp.	Schwartz Brothers Insurance Agency, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/16/14	2014	PSA Holdings, Inc	Armada Employer Services	MD	Independent Agency/Broker	Retail	EB & Consulting
04/16/14	2014	PSA Holdings, Inc	Armada Employer Services	MD	Independent Agency/Broker	Retail	EB & Consulting
04/16/14	2014	USI Holdings Corporation	Webb & Greer Insurance Agency, Inc.	AZ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/16/14	2014	USI Holdings Corporation	Webb & Greer Insurance Agency, Inc.	AZ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/14/14	2014	Selman & Company	Association & Society Insurance Corporation	MD	Independent Agency/Broker	Retail	EB & Consulting
04/14/14	2014	Selman & Company	Association & Society Insurance Corporation	MD	Independent Agency/Broker	Retail	EB & Consulting
04/14/14	2014	Selman & Company	Life and accident insurance administration business of MAI Services Corporation	OH	Independent Agency/Broker	Retail	Multi Line
04/14/14	2014	Selman & Company	Life and accident insurance administration business of MAI Services Corporation	OH	Independent Agency/Broker	Retail	Multi Line
04/11/14	2014	AssuredPartners, Inc.	CBS Coverage Group, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/11/14	2014	AssuredPartners, Inc.	CBS Coverage Group, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/09/14	2014	AssuredPartners, Inc.	Landry Harris & Co.	LA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/09/14	2014	AssuredPartners, Inc.	Landry Harris & Co.	LA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/09/14	2014	BancorpSouth, Inc.	Knox Insurance Group, LLC	LA	Bank or Thrift	Retail	P&C
04/09/14	2014	BancorpSouth, Inc.	Knox Insurance Group, LLC	LA	Bank or Thrift	Retail	P&C
04/09/14	2014	Cross Insurance	Troy, Pires & Allen Insurance	RI	Independent Agency/Broker	Retail	P&C
04/09/14	2014	Cross Insurance	Troy, Pires & Allen Insurance	RI	Independent Agency/Broker	Retail	P&C
04/04/14	2014	Arthur J. Gallagher & Co.	Beacon Enterprises, Inc.	FL	Public Broker	Retail	EB & Consulting
04/04/14	2014	Arthur J. Gallagher & Co.	Beacon Enterprises, Inc.	FL	Public Broker	Retail	EB & Consulting
04/04/14	2014	Marsh & McLennan Companies, Inc.	Capstone Insurance Services, LLC	SC	Public Broker	Retail	Multi Line
04/04/14	2014	Marsh & McLennan Companies, Inc.	Capstone Insurance Services, LLC	SC	Public Broker	Retail	Multi Line
04/03/14	2014	AssuredPartners, Inc.	Morris H. Bannister & Son, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/03/14	2014	AssuredPartners, Inc.	Morris H. Bannister & Son, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/02/14	2014	Hub International Limited	Argus Insurance, Inc.	WA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/02/14	2014	Hub International Limited	Argus Insurance, Inc.	WA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/01/14	2014	Acrisure, LLC	Dittmar Agency, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/14	2014	Acrisure, LLC	Dittmar Agency, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/14	2014	AssuredPartners, Inc.	Property/Casualty and Group Benefits Insurance from Hancock Holding Company		Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/01/14	2014	AssuredPartners, Inc.	Property/Casualty and Group Benefits Insurance from Hancock Holding Company		Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/01/14	2014	BB&T Corporation	Caledonian Insurance Group Inc.	WA	Bank or Thrift	Retail	P&C
04/01/14	2014	BB&T Corporation	Caledonian Insurance Group Inc.	WA	Bank or Thrift	Retail	P&C
04/01/14	2014	Johnson & Johnson, Inc.	Stateside Underwriting Agency, Inc.	IL	Independent Agency/Broker	Wholesale	P&C
04/01/14	2014	Johnson & Johnson, Inc.	Stateside Underwriting Agency, Inc.	IL	Independent Agency/Broker	Wholesale	P&C
04/01/14	2014	Odyssey Re Holdings Corp.	Motor Transport Underwriters, Inc.	IN	Insurance Company	Wholesale	P&C
04/01/14	2014	Odyssey Re Holdings Corp.	Motor Transport Underwriters, Inc.	IN	Insurance Company	Wholesale	P&C
04/01/14	2014	World Insurance Associates, LLC	Hauswirth & Sons Insurance Consultants	NJ	Independent Agency/Broker	Retail	P&C
04/01/14	2014	World Insurance Associates, LLC	Hauswirth & Sons Insurance Consultants	NJ	Independent Agency/Broker	Retail	P&C
03/31/14	2014	Norton Agency Insurance, LLC	Magus Risk Solutions, LLC	GA	Independent Agency/Broker	Retail	P&C
03/31/14	2014	Norton Agency Insurance, LLC	Magus Risk Solutions, LLC	GA	Independent Agency/Broker	Retail	P&C
03/31/14	2014	Stratton Agency	PizzaSurance division of Willis Insurance Services	CA	Independent Agency/Broker	Retail	P&C
03/31/14	2014	Stratton Agency	PizzaSurance division of Willis Insurance Services	CA	Independent Agency/Broker	Retail	P&C
03/27/14	2014	BB&T Corporation	Woodbury & Co.	NC	Bank or Thrift	Retail	Multi Line
03/27/14	2014	BB&T Corporation	Woodbury & Co.	NC	Bank or Thrift	Retail	Multi Line
03/24/14	2014	Arthur J. Gallagher & Co.	Spataro Insurance Agency, Inc.	NY	Public Broker	Retail	P&C
03/24/14	2014	Arthur J. Gallagher & Co.	Spataro Insurance Agency, Inc.	NY	Public Broker	Retail	P&C
03/24/14	2014	AssuredPartners, Inc.	Spencer Lloyd and service team	FL	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
03/24/14	2014	AssuredPartners, Inc.	Spencer Lloyd and service team	FL	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
03/24/14	2014	Biglari Holdings	First Guard Insurance Co.	FL	Other Buyer	Wholesale	P&C
03/24/14	2014	Biglari Holdings	First Guard Insurance Co.	FL	Other Buyer	Wholesale	P&C
03/24/14	2014	Hylant Group, Inc.	TDC Benefits	OH	Independent Agency/Broker	Retail	EB & Consulting
03/24/14	2014	Hylant Group, Inc.	TDC Benefits	OH	Independent Agency/Broker	Retail	EB & Consulting
03/20/14	2014	Engle Martin	Totura & Co.	FL	Independent Agency/Broker	Retail	P&C
03/20/14	2014	Engle Martin	Totura & Co.	FL	Independent Agency/Broker	Retail	P&C
03/18/14	2014	Arthur J. Gallagher & Co.	L&R Benefits, LLC	CT	Public Broker	Retail	EB & Consulting
03/18/14	2014	Arthur J. Gallagher & Co.	L&R Benefits, LLC	CT	Public Broker	Retail	EB & Consulting
03/14/14	2014	The McGowan Companies	Breeds Hill Insurance Agency, Inc.	MA	Independent Agency/Broker	Wholesale	P&C
03/14/14	2014	The McGowan Companies	Breeds Hill Insurance Agency, Inc.	MA	Independent Agency/Broker	Wholesale	P&C
03/12/14	2014	Higginbotham & Associates, Inc.	Edgmon Insurance Agency	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/12/14	2014	Higginbotham & Associates, Inc.	Edgmon Insurance Agency	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/07/14	2014	Acrisure, LLC	CIMA Companies Inc.	VA	Independent Agency/Broker- Private Capital Backed	Wholesale	Multi Line
03/07/14	2014	Acrisure, LLC	CIMA Companies Inc.	VA	Independent Agency/Broker- Private Capital Backed	Wholesale	Multi Line
03/05/14	2014	Hub International Limited	First National Administrators, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
03/05/14	2014	Hub International Limited	First National Administrators, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
03/04/14	2014	Arthur J. Gallagher & Co.	Tudor Risk Services, LLC	MA	Public Broker	Retail	Multi Line
03/04/14	2014	Arthur J. Gallagher & Co.	Tudor Risk Services, LLC	MA	Public Broker	Retail	Multi Line
03/04/14	2014	Undisclosed buyer	Customer accounts and fixed assets	VA	Other Buyer	Retail	P&C
03/04/14	2014	Undisclosed buyer	Customer accounts and fixed assets	VA	Other Buyer	Retail	P&C
03/03/14	2014	Confie Seguros Insurance Services	Ida Tunnell Insurance	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/03/14	2014	Confie Seguros Insurance Services	Ida Tunnell Insurance	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/03/14	2014	Hub International Limited	Corporate Benefit Consultants, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/03/14	2014	Hub International Limited	Corporate Benefit Consultants, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/03/14	2014	Marsh & McLennan Companies, Inc.	Transition Assist	MA	Public Broker	Retail	EB & Consulting
03/03/14	2014	Marsh & McLennan Companies, Inc.	Transition Assist	MA	Public Broker	Retail	EB & Consulting
03/01/14	2014	North Point Group, Inc.	Taylor Turner & Hartsfield LLC	GA	Independent Agency/Broker	Retail	Multi Line
03/01/14	2014	North Point Group, Inc.	Taylor Turner & Hartsfield LLC	GA	Independent Agency/Broker	Retail	Multi Line
02/28/14	2014	World Insurance Associates, LLC	Fritz Insurance Agency, Inc.	PA	Independent Agency/Broker	Retail	P&C
02/28/14	2014	World Insurance Associates, LLC	Fritz Insurance Agency, Inc.	PA	Independent Agency/Broker	Retail	P&C
02/25/14	2014	AssuredPartners, Inc.	Bateman Agency, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/25/14	2014	AssuredPartners, Inc.	Bateman Agency, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/24/14	2014	Altamont Capital Management, LLC	Celestite Holdings, Inc.	TX	Other Buyer	Wholesale	P&C
02/24/14	2014	Altamont Capital Management, LLC	Celestite Holdings, Inc.	TX	Other Buyer	Wholesale	P&C
02/24/14	2014	PSA Holdings, Inc	Risk Management Councill, Inc.	MD	Independent Agency/Broker	Retail	P&C
02/24/14	2014	PSA Holdings, Inc	Risk Management Councill, Inc.	MD	Independent Agency/Broker	Retail	P&C
02/20/14	2014	Arthur J. Gallagher & Co.	Kent, Kent & Tingle	LA	Public Broker	Retail	P&C
02/20/14	2014	Arthur J. Gallagher & Co.	Kent, Kent & Tingle	LA	Public Broker	Retail	P&C
02/20/14	2014	Sentry Insurance, a Mutual Company	Anchor Managing General Agency, Inc.	AL	Insurance Company	Wholesale	P&C
02/20/14	2014	Sentry Insurance, a Mutual Company	Anchor Managing General Agency, Inc.	AL	Insurance Company	Wholesale	P&C
02/19/14	2014	Arthur J. Gallagher & Co.	Insurance & Actuarial Consultants, LLC	TX	Public Broker	Retail	P&C
02/19/14	2014	Arthur J. Gallagher & Co.	Insurance & Actuarial Consultants, LLC	TX	Public Broker	Retail	P&C
02/18/14	2014	AssuredPartners, Inc.	Creech & Stafford Insurance Agency, Inc.	KY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/18/14	2014	AssuredPartners, Inc.	Creech & Stafford Insurance Agency, Inc.	KY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/18/14	2014	Johnson & Johnson, Inc.	H.T. Bailey Insurance Group	MA	Independent Agency/Broker	Wholesale	P&C
02/18/14	2014	Johnson & Johnson, Inc.	H.T. Bailey Insurance Group	MA	Independent Agency/Broker	Wholesale	P&C
02/14/14	2014	Arthur J. Gallagher & Co.	Benefit Development Group, Inc.	AL	Public Broker	Retail	EB & Consulting
02/14/14	2014	Arthur J. Gallagher & Co.	Benefit Development Group, Inc.	AL	Public Broker	Retail	EB & Consulting
02/13/14	2014	Marketscout Corporation	Bowling Center	MI	Independent Agency/Broker	Wholesale	P&C
02/13/14	2014	Marketscout Corporation	Bowling Center	MI	Independent Agency/Broker	Wholesale	P&C
02/13/14	2014	Ryan Specialty Group, LLC	Blais Excess & Surplus Agency of Texas, Ltd.	TX	Independent Agency/Broker	Wholesale	P&C
02/13/14	2014	Ryan Specialty Group, LLC	Blais Excess & Surplus Agency of Texas, Ltd.	TX	Independent Agency/Broker	Wholesale	P&C
02/07/14	2014	AssuredPartners, Inc.	Anna Berman Agency, LLC	NJ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/07/14	2014	AssuredPartners, Inc.	Anna Berman Agency, LLC	NJ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/07/14	2014	CoBank, ACB	Crop Insurance Business	MT	Bank or Thrift	Retail	P&C
02/07/14	2014	CoBank, ACB	Crop Insurance Business	MT	Bank or Thrift	Retail	P&C
02/05/14	2014	AssuredPartners, Inc.	AirSure Limited LLC	CO	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/05/14	2014	AssuredPartners, Inc.	AirSure Limited LLC	CO	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/05/14	2014	Marsh & McLennan Companies, Inc.	Bond Network, Inc.	NC	Public Broker	Wholesale	P&C
02/05/14	2014	Marsh & McLennan Companies, Inc.	Bond Network, Inc.	NC	Public Broker	Wholesale	P&C
02/05/14	2014	The McGowan Companies	Klein Insurance Services, Inc.	NJ	Independent Agency/Broker	Wholesale	P&C
02/05/14	2014	The McGowan Companies	Klein Insurance Services, Inc.	NJ	Independent Agency/Broker	Wholesale	P&C
02/04/14	2014	Hub International Limited	Baldrica & Company, Inc.	CO	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/04/14	2014	Hub International Limited	Baldrica & Company, Inc.	CO	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/04/14	2014	Hub International Limited	Tammariello Group, LLC	LA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/04/14	2014	Hub International Limited	Tammariello Group, LLC	LA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/03/14	2014	Confie Seguros Insurance Services	1-Stop Financial Service Centers of America, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/03/14	2014	Confie Seguros Insurance Services	1-Stop Financial Service Centers of America, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/03/14	2014	Marsh & McLennan Companies, Inc.	Barney & Barney LLC	CA	Public Broker	Retail	Multi Line
02/03/14	2014	Marsh & McLennan Companies, Inc.	Barney & Barney LLC	CA	Public Broker	Retail	Multi Line
02/03/14	2014	Marsh & McLennan Companies, Inc.	Great Lakes Employee Benefit Services, Inc.	MI	Public Broker	Retail	EB & Consulting
02/03/14	2014	Marsh & McLennan Companies, Inc.	Great Lakes Employee Benefit Services, Inc.	MI	Public Broker	Retail	EB & Consulting
02/03/14	2014	NSM Insurance Group, Inc.	Professional Underwriters Agency, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
02/03/14	2014	NSM Insurance Group, Inc.	Professional Underwriters Agency, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
02/01/14	2014	Blackmoor General Agency, LLC	Pennsylvania branch of Connecticut Underwriters	PA	Independent Agency/Broker	Wholesale	P&C
02/01/14	2014	Blackmoor General Agency, LLC	Pennsylvania branch of Connecticut Underwriters	PA	Independent Agency/Broker	Wholesale	P&C
02/01/14	2014	Bogan, Dunlap & Wood Insurance Agency, L.L.C.	Flowers & McKeller, Inc.	TX	Independent Agency/Broker	Retail	P&C
02/01/14	2014	Bogan, Dunlap & Wood Insurance Agency, L.L.C.	Flowers & McKeller, Inc.	TX	Independent Agency/Broker	Retail	P&C
02/01/14	2014	Cretcher Heartland, LLC	Power Group Company LLC	KS	Independent Agency/Broker	Retail	Multi Line
02/01/14	2014	Cretcher Heartland, LLC	Power Group Company LLC	KS	Independent Agency/Broker	Retail	Multi Line
02/01/14	2014	Cross Insurance	Driscoll Agency, Inc.	MA	Independent Agency/Broker	Retail	Multi Line
02/01/14	2014	Cross Insurance	Driscoll Agency, Inc.	MA	Independent Agency/Broker	Retail	Multi Line
01/31/14	2014	Acrisure, LLC	InSource, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/31/14	2014	Acrisure, LLC	InSource, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/31/14	2014	Tompkins Financial Corporation	Certain assets of Breakthrough Benefits, LLC	PA	Bank or Thrift	Retail	EB & Consulting
01/31/14	2014	Tompkins Financial Corporation	Certain assets of Breakthrough Benefits, LLC	PA	Bank or Thrift	Retail	EB & Consulting
01/30/14	2014	INSURICA Insurance Management Network	Joe West Company	OK	Independent Agency/Broker	Retail	Multi Line
01/30/14	2014	INSURICA Insurance Management Network	Joe West Company	OK	Independent Agency/Broker	Retail	Multi Line
01/28/14	2014	AssuredPartners, Inc.	Insurance Back Office, Inc.	KS	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/28/14	2014	AssuredPartners, Inc.	Insurance Back Office, Inc.	KS	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/28/14	2014	USI Holdings Corporation	Travers, O’keefe & Associates, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/28/14	2014	USI Holdings Corporation	Travers, O’keefe & Associates, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/27/14	2014	Berkshire Hathaway Inc.	Insure America LLC	WI	Insurance Company	Wholesale	P&C
01/27/14	2014	Berkshire Hathaway Inc.	Insure America LLC	WI	Insurance Company	Wholesale	P&C
01/27/14	2014	Kohlberg Kravis Roberts & Co. L.P.	Majority Stake in Sedgwick Claims Management Services Inc.	TN	Other Buyer	Retail	Multi Line
01/27/14	2014	Kohlberg Kravis Roberts & Co. L.P.	Majority Stake in Sedgwick Claims Management Services Inc.	TN	Other Buyer	Retail	Multi Line
01/23/14	2014	USI Holdings Corporation	42 Insurance brokerage and consulting locations from Wells Fargo Insurance		Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/23/14	2014	USI Holdings Corporation	42 Insurance brokerage and consulting locations from Wells Fargo Insurance		Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/23/14	2014	Willis Group Holdings Limited	Employee benefits consulting division of Capital Strategies Group	AL	Public Broker	Retail	EB & Consulting
01/23/14	2014	Willis Group Holdings Limited	Employee benefits consulting division of Capital Strategies Group	AL	Public Broker	Retail	EB & Consulting
01/21/14	2014	EPIC (Edgewood Partners Insurance Center)	Certain assets of Altus Specialty Group	MA	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
01/21/14	2014	EPIC (Edgewood Partners Insurance Center)	Certain assets of Altus Specialty Group	MA	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
01/20/14	2014	AssuredPartners, Inc.	Commercial Insurance Services, Inc.	WV	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/20/14	2014	AssuredPartners, Inc.	Commercial Insurance Services, Inc.	WV	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/17/14	2014	USI Holdings Corporation	Oscar & Associates	NJ	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
01/17/14	2014	USI Holdings Corporation	Oscar & Associates	NJ	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
01/16/14	2014	Captive Resources, LLC	HealthCare Risk Specialists, LLC	CT	Independent Agency/Broker	Wholesale	P&C
01/16/14	2014	Captive Resources, LLC	HealthCare Risk Specialists, LLC	CT	Independent Agency/Broker	Wholesale	P&C
01/16/14	2014	Captive Resources, LLC	Western Summit, Inc.	FL	Independent Agency/Broker	Wholesale	P&C
01/16/14	2014	Captive Resources, LLC	Western Summit, Inc.	FL	Independent Agency/Broker	Wholesale	P&C
01/16/14	2014	Higginbotham & Associates, Inc.	Talon Insurance Agency Ltd	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/16/14	2014	Higginbotham & Associates, Inc.	Talon Insurance Agency Ltd	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/15/14	2014	Bolton & Company	Rick Gombar Insurance Services, Inc.	CA	Independent Agency/Broker	Retail	P&C
01/15/14	2014	Bolton & Company	Rick Gombar Insurance Services, Inc.	CA	Independent Agency/Broker	Retail	P&C
01/14/14	2014	Cross Insurance	The Insurance Exchange, Inc.	CT	Independent Agency/Broker	Retail	P&C
01/14/14	2014	Cross Insurance	The Insurance Exchange, Inc.	CT	Independent Agency/Broker	Retail	P&C
01/14/14	2014	Leavitt Group Enterprises, Inc.	Mountain West Benefits	MT	Independent Agency/Broker	Retail	EB & Consulting
01/14/14	2014	Leavitt Group Enterprises, Inc.	Mountain West Benefits	MT	Independent Agency/Broker	Retail	EB & Consulting
01/14/14	2014	Risk Strategies Company, LLC	DataRisk LLC	NH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/14/14	2014	Risk Strategies Company, LLC	DataRisk LLC	NH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/14/14	2014	USI Holdings Corporation	Quintessential Advisors, Ltd.	OH	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/14/14	2014	USI Holdings Corporation	Quintessential Advisors, Ltd.	OH	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/13/14	2014	Bloss & Dillard Inc.	Agents Insurance Markets Inc.	VA	Independent Agency/Broker	Wholesale	P&C
01/13/14	2014	Bloss & Dillard Inc.	Agents Insurance Markets Inc.	VA	Independent Agency/Broker	Wholesale	P&C
01/13/14	2014	Corcoran & Havlin Insurance Group	Sciarratta & Doucette Insurance Agency	MA	Independent Agency/Broker	Retail	Multi Line
01/13/14	2014	Corcoran & Havlin Insurance Group	Sciarratta & Doucette Insurance Agency	MA	Independent Agency/Broker	Retail	Multi Line
01/09/14	2014	EPIC (Edgewood Partners Insurance Center)	The McCart Group	GA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/09/14	2014	EPIC (Edgewood Partners Insurance Center)	The McCart Group	GA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/07/14	2014	Alliant Insurance Services	Sagewell Partners, Inc.	PA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/07/14	2014	Alliant Insurance Services	Sagewell Partners, Inc.	PA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/07/14	2014	AssuredPartners, Inc.	Leonard Insurance Services Agency, Inc.	OH	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/07/14	2014	AssuredPartners, Inc.	Leonard Insurance Services Agency, Inc.	OH	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/07/14	2014	Insureon	Insurance Noodle	IL	Independent Agency/Broker	Wholesale	P&C
01/07/14	2014	Insureon	Insurance Noodle	IL	Independent Agency/Broker	Wholesale	P&C
01/07/14	2014	Lucien Wright Insurance Agency	Paul Lowe Agency	TX	Independent Agency/Broker	Retail	P&C
01/07/14	2014	Lucien Wright Insurance Agency	Paul Lowe Agency	TX	Independent Agency/Broker	Retail	P&C
01/07/14	2014	The Segal Group	Portion of the business of Moroni Fantin	MI	Independent Agency/Broker	Retail	EB & Consulting
01/07/14	2014	The Segal Group	Portion of the business of Moroni Fantin	MI	Independent Agency/Broker	Retail	EB & Consulting
01/06/14	2014	AmWINS Group	Charles A. Walker Corporation	NY	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
01/06/14	2014	AmWINS Group	Charles A. Walker Corporation	NY	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
01/06/14	2014	NSM Insurance Group, Inc.	American Collectors Insurance, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
01/06/14	2014	NSM Insurance Group, Inc.	American Collectors Insurance, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
01/06/14	2014	OceanPoint Financial Partners, MHC	Raymond Insurance Agency, Inc.	RI	Bank or Thrift	Retail	P&C