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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
08/20/12	2012	Rose & Kiernan, Inc.	Babcock & Helliwell Inc	RI	Independent Agency/Broker	Retail	Multi Line
08/16/12	2012	Ascension Insurance, Inc.	Modern Services Insurance Agency Inc.	GA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
08/15/12	2012	Arthur J. Gallagher & Co.	Sunday and Associates, Inc.	TX	Public Broker	Retail	EB & Consulting
08/15/12	2012	First Bancorp	Group Insurance Consultants of Fort Smith, Inc.	AR	Bank or Thrift	Retail	EB & Consulting
08/15/12	2012	Norman-Spencer Agency, Inc.	Keenan Marine Insurance	NY	Independent Agency/Broker	Retail	P&C
08/13/12	2012	The McGowan Companies	CGA Associates, Inc.	NJ	Independent Agency/Broker	Wholesale	P&C
08/06/12	2012	Confie Seguros Insurance Services	Stonewood Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
08/01/12	2012	AssuredPartners, Inc.	American Insurance	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/31/12	2012	Private investor - Christy Schwan	SEBS Milwaukee, Inc.	WI	Other Buyer	Retail	EB & Consulting
07/30/12	2012	Arthur J. Gallagher & Co.	G. S. Chapman & Associates Insurance Brokers, Inc.	CA	Public Broker	Retail	Multi Line
07/27/12	2012	Arthur J. Gallagher & Co.	Grace/Mayer Insurance Agency, Inc.	NE	Public Broker	Retail	P&C
07/27/12	2012	Pinnacle Insurance Group, Inc.	Naler Insurance Agency	TX	Independent Agency/Broker	Retail	P&C
07/26/12	2012	Digital Insurance, Inc.	DSG Benefits Group, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
07/24/12	2012	USI Holdings Corporation	Kelly Insurance Brokerage, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
07/20/12	2012	Bolton & Company	Reaume Financial Group, Inc.	CA	Independent Agency/Broker	Retail	EB & Consulting
07/19/12	2012	CoVerica, Inc.	Unimark Insurance	TX	Independent Agency/Broker	Retail	P&C
07/19/12	2012	USI Holdings Corporation	Suncoast Insurance Associates, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/18/12	2012	A.N. Ansay & Associates, Inc.	Klein Insurance Group	WI	Independent Agency/Broker	Retail	Multi Line
07/18/12	2012	Leavitt Group Enterprises, Inc.	Whitfield United Insurance Agencies Inc.	WA	Independent Agency/Broker	Retail	P&C
07/17/12	2012	Digital Insurance, Inc.	Strategic Employee Benefit Services of the Midwest, Inc.		Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
07/17/12	2012	Insphere Insurance Solutions, Inc.	Repp Gartner Financial, Inc.	CA	Other Buyer	Retail	EB & Consulting
07/13/12	2012	AssuredPartners, Inc.	GCM Consulting, LLC	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/11/12	2012	Arthur J. Gallagher & Co.	Triad USA, Inc.	PA	Public Broker	Retail	EB & Consulting
07/10/12	2012	LifeStore Financial Group (MHC)	Elite Insurance Group, LLC	NC	Bank or Thrift	Retail	P&C
07/09/12	2012	Marsh & McLennan Companies, Inc.	Security Insurance Services, Inc.	WI	Public Broker	Retail	Multi Line
07/05/12	2012	OneBeacon Insurance Group, LTD.	Public Entities of America, LLC	GA	Insurance Company	Wholesale	P&C
07/03/12	2012	Hub International Limited	Sidles Duncan & Associates Insurance Services, Inc	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
07/02/12	2012	Arthur J. Gallagher & Co.	Miller Buettner & Parrott, Inc.	IL	Public Broker	Retail	EB & Consulting
07/02/12	2012	Chapman & Chapman, Inc.	PJ Amos & Associates, LLC	OH	Independent Agency/Broker	Retail	EB & Consulting
07/02/12	2012	Confie Seguros Insurance Services	Bradley Insurance Agency, Inc.	NV	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/02/12	2012	Confie Seguros Insurance Services	Deborah Ann Costello LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/02/12	2012	Confie Seguros Insurance Services	Westside Auto	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
07/02/12	2012	Hub International Limited	Bryson & Company, Inc.	MS	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
07/01/12	2012	CBIZ, Inc.	Stoltz and Company LTD., L.L.P	TX	Public Broker	Retail	Multi Line
07/01/12	2012	Duncan Fraser & Bridges Insurance Agency Inc.	Greater Texas Insurance Managers and Agency, Inc.	TX	Independent Agency/Broker	Retail	P&C
07/01/12	2012	InPro Insurance Group, Inc.	Industrial Insurance Services, Inc.	MI	Independent Agency/Broker	Retail	EB & Consulting
07/01/12	2012	NFP Corp.	Absolute Insurance Service, Inc.	NV	Public Broker	Retail	Multi Line
06/28/12	2012	Stoneman-Schopf Agency Inc.	Baylake Insurance Agency Inc.	WI	Independent Agency/Broker	Retail	P&C
06/27/12	2012	Howard W. Phillips & Company	Basil-Voges, Incorporated	MD	Independent Agency/Broker	Retail	P&C
06/26/12	2012	InPro Insurance Group, Inc.	Falvay-Counihan Insurance, Inc.	MI	Independent Agency/Broker	Retail	Multi Line
06/25/12	2012	BancorpSouth, Inc.	Securance Group Inc.	AL	Bank or Thrift	Retail	Multi Line
06/25/12	2012	Britton-Gallagher & Associates, Inc.	Beckman Insurance Agency	WI	Independent Agency/Broker	Retail	P&C
06/22/12	2012	Central Insurance Agency	Mt. Pleasant Agency, Inc.	MI	Independent Agency/Broker	Retail	Multi Line
06/19/12	2012	Arthur J. Gallagher & Co.	Whitehaven Insurance Group, Inc.	AL	Public Broker	Retail	P&C
06/15/12	2012	Hub International Limited	MGIS Property & Casualty Insurance's west business unit		Independent Agency/Broker- Private Capital Backed	Retail	P&C
06/13/12	2012	USI Holdings Corporation	Lynch Beretta Bucci LLP	RI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
06/12/12	2012	Hylant Group, Inc.	AGIS, LLC	FL	Independent Agency/Broker	Retail	EB & Consulting
06/11/12	2012	Hilb Group LLC	MDM Covenant Insurance, LLC	TN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
06/08/12	2012	Marsh & McLennan Companies, Inc.	Progressive Benefit Solutions, LLC	NC	Public Broker	Retail	EB & Consulting
06/07/12	2012	Arthur J. Gallagher & Co.	Broker Benefit Services, L.L.C.	MO	Public Broker	Retail	EB & Consulting
06/06/12	2012	Arthur J. Gallagher & Co.	Grossman & Associates, Inc.	OH	Public Broker	Retail	EB & Consulting
06/06/12	2012	Stahlka Agency, Inc.	Historic Square Agency’s New York office	NY	Independent Agency/Broker	Retail	Multi Line
06/05/12	2012	Alan J. Kaufman Revocable Living Trust	W.C. Mills Insurance, Inc	UT	Independent Agency/Broker	Wholesale	P&C
06/05/12	2012	Oswald Companies	Union Insurance Group	OH	Independent Agency/Broker	Retail	EB & Consulting
06/04/12	2012	Starkweather & Shepley Insurance Brokerage, Inc.	Fradette/Carlson Insurance Agency	CT	Independent Agency/Broker	Retail	Multi Line
06/01/12	2012	Capacity Group, Inc.	Protector Insurance Agency, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
06/01/12	2012	Doctors First, Inc,	MGIS Property & Casualty Insurance's east business unit		Independent Agency/Broker	Retail	P&C
06/01/12	2012	LifeStore Financial Group (MHC)	Parkway Custom Insurance Associates Inc.	NC	Bank or Thrift	Retail	P&C
06/01/12	2012	Oakes-Fisher Insurance	Civille Insurance Agency, Inc.	MI	Independent Agency/Broker	Retail	P&C
06/01/12	2012	PNC Financial Services Group, Inc.	Stine Davis of Maryland Inc.	MD	Bank or Thrift	Retail	P&C
05/31/12	2012	USI Holdings Corporation	Impact Benefit Management Services, LLC	GA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/22/12	2012	Arthur J. Gallagher & Co.	Professional Claims Managers, Inc.	TX	Public Broker	Retail	P&C
05/21/12	2012	AssuredPartners, Inc.	First Carolina Risk Management Advisors	SC	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/17/12	2012	Brown & Brown, Inc.	Insurcorp	NV	Public Broker	Retail	Multi Line
05/16/12	2012	Excellere Partners	Endeavor General Agency, LLC	TX	Other Buyer	Wholesale	P&C
05/11/12	2012	Towers Watson & Co.	Extend Health, Inc.	CA	Other Buyer	Retail	EB & Consulting
05/10/12	2012	Arthur J. Gallagher & Co.	VEBA Service Group, LLC	WA	Public Broker	Retail	EB & Consulting
05/10/12	2012	AssuredPartners, Inc.	Benefit Concepts of Indiana Inc.	IN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/10/12	2012	Brown & Brown, Inc.	Richard W. Endlar Insurance Agency, Inc	MA	Public Broker	Retail	P&C
05/10/12	2012	Undisclosed buyer	Northern California agency assets	CA	Other Buyer	Retail	EB & Consulting
05/09/12	2012	Confie Seguros Insurance Services	Chapman Agency Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/09/12	2012	Confie Seguros Insurance Services	Coppola Insurance Agency	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/09/12	2012	Confie Seguros Insurance Services	Daley Insurance Agency Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/09/12	2012	Confie Seguros Insurance Services	Palmetto Insurance	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/09/12	2012	Confie Seguros Insurance Services	Speedlane Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/09/12	2012	Confie Seguros Insurance Services	Survival Insurance Brokerage, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/09/12	2012	Higginbotham & Associates, Inc.	BenefitSpecialists L.P.	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/09/12	2012	USI Holdings Corporation	Hylant Specialty Programs	OH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/07/12	2012	Capacity Group, Inc.	Dewitt Stern Imperatore Ltd. (assets)	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/03/12	2012	AmeriLife Group, L.L.C.	Vertical Vision Financial Marketing,LLC	GA	Other Buyer	Retail	EB & Consulting
05/03/12	2012	AssuredPartners, Inc.	Insurance Systems, Inc./Insurance Systems of West Virginia, Inc.	WV	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/01/12	2012	AssuredPartners, Inc.	Morehead Insurance	KY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/01/12	2012	Hub International Limited	Association Benefits Insurance Agency, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/30/12	2012	Arthur J. Gallagher & Co.	Schiff, Kreidler-Shell Insurance and Risk Services	OH	Public Broker	Retail	Multi Line
04/30/12	2012	Hub International Limited	Knauff Insurance Agency Inc.	NC	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/30/12	2012	Knauff Insurance Agency, Inc.	Book of business	NC	Independent Agency/Broker	Retail	Multi Line
04/30/12	2012	The McGowan Companies	Allied Insurance Brokers, Inc.	MD	Independent Agency/Broker	Wholesale	P&C
04/27/12	2012	LifeStore Financial Group (MHC)	James Epps Agency	NC	Bank or Thrift	Retail	P&C
04/17/12	2012	New Mountain Capital, LLC	AmWINS Group, Inc.	NC	Other Buyer	Wholesale	P&C
04/16/12	2012	AssuredPartners, Inc.	Matrix Benefits and Consulting Group	IN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/13/12	2012	USI Holdings Corporation	BBVA Compass Insurance Agency, Inc.	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/12/12	2012	Brown & Brown, Inc.	John D. Moten, Inc.	PA	Public Broker	Retail	P&C
04/10/12	2012	Arthur J. Gallagher & Co.	Besselman & Little Agency, LLC	LA	Public Broker	Retail	EB & Consulting
04/05/12	2012	Worldwide Facilities, Inc.	Privett Special Risk Services, LLC	NY	Independent Agency/Broker	Wholesale	P&C
04/03/12	2012	Brown & Brown, Inc.	D. Bezona & Company Insurance Services, Inc.	CA	Public Broker	Retail	EB & Consulting
04/03/12	2012	Red Ventures	HomeInsurance.com	NC	Other Buyer	Retail	P&C
04/03/12	2012	Ryan Specialty Group, LLC	WKF&C Agency, Inc	NY	Independent Agency/Broker	Wholesale	P&C
04/02/12	2012	Foundation Financial Group, LLC	Assured Insurance Services, Inc.	CA	Other Buyer	Retail	P&C
04/02/12	2012	Hub International Limited	Signature Insurance Group, Inc.	WA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/02/12	2012	Marsh & McLennan Companies, Inc.	Cosmos Services (America) Inc	NY	Public Broker	Retail	Multi Line
04/02/12	2012	NFP Corp.	Ameribonds Surety & Insurance Services	IL	Public Broker	Retail	P&C
04/02/12	2012	NFP Corp.	Nemco Group, LLC	NY	Public Broker	Retail	EB & Consulting
04/01/12	2012	Pioneer Heritage Insurance, LLC	Willmar Agency, Inc.	MN	Independent Agency/Broker	Retail	P&C
03/31/12	2012	CBIZ, Inc.	Strategic Employee Benefit Services of Illinois, Inc.	IL	Public Broker	Retail	EB & Consulting
03/31/12	2012	Undisclosed buyer	Neighborhood Group Inc.	PA	Other Buyer	Retail	P&C
03/27/12	2012	AssuredPartners, Inc.	Arison Insurance Services, Inc.	KY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/27/12	2012	Bollinger, Inc.	Creative Agency Group	NJ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/27/12	2012	Drayton Bancor, Inc.	Certain operaions of Citizens Insurance Agency, Inc.	ND	Bank or Thrift	Retail	P&C
03/26/12	2012	K2 Insurance Services, LLC	Midwestern Insurance Alliance, Inc.	KY	Independent Agency/Broker	Wholesale	P&C
03/22/12	2012	Louisiana Agency Partners	The Kirksey Agency	LA	Independent Agency/Broker	Retail	P&C
03/20/12	2012	Farm Credit Services of America, ACA	Len Clark Crop Insurance Agency	IA	Other Buyer	Retail	P&C
03/19/12	2012	Poms & Associates Insurance Brokers, Inc.	Nathan Stone Insurance Agency, Inc.	CA	Independent Agency/Broker	Retail	P&C
03/16/12	2012	Anderson-Frazier Insurance Agency of Hope Inc	Greening Ellis Insurance Agency	AR	Independent Agency/Broker	Retail	Multi Line
03/14/12	2012	Bell-Anderson Agency, Inc.	Michael J. Girias	WA	Independent Agency/Broker	Retail	Multi Line
03/14/12	2012	Stephens Inc.	Hoffman-Henry Insurance Corporation	AR	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/13/12	2012	Arthur J. Gallagher & Co.	Human Resource Management Systems, LLC	IL	Public Broker	Retail	EB & Consulting
03/13/12	2012	Confie Seguros Insurance Services	Power Auto Insurance Sales, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/13/12	2012	Marsh & McLennan Companies, Inc.	KSPH LLC	VA	Public Broker	Retail	EB & Consulting
03/09/12	2012	TrueNorth Companies LLC	Frank W. Berlin & Associates LLC	IA	Independent Agency/Broker	Retail	EB & Consulting
03/08/12	2012	Arthur J. Gallagher & Co.	Wischmeyer Benefit Partners	TX	Public Broker	Retail	EB & Consulting
03/01/12	2012	Moody Insurance Agency, Inc.	IRG Underwriters, LLC. (book of business)	CO	Independent Agency/Broker	Retail	P&C
02/29/12	2012	Private Investor - Barry Sher	Stewart Insurance Service, Inc.	CA	Other Buyer	Retail	P&C
02/22/12	2012	Brown & Brown, Inc.	Kane Partners, Inc.	NY	Public Broker	Retail	EB & Consulting
02/22/12	2012	USI Holdings Corporation	Pinnacle Group	VA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/17/12	2012	Arthur J. Gallagher & Co.	First Premium Insurance Group, Inc.	LA	Public Broker	Wholesale	P&C
02/17/12	2012	USI Holdings Corporation	Euclid Retail Business	IL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/14/12	2012	Encore Bancshares, Inc.	Whittington Insurance Agency Inc.	TX	Bank or Thrift	Retail	P&C
02/13/12	2012	Pacific Resources - Management Team	Pacific Resources	IL	Other Buyer	Retail	EB & Consulting
02/09/12	2012	Harbour Insurance	Fidelity Insurance Associates	FL	Independent Agency/Broker	Retail	Multi Line
02/08/12	2012	AssuredPartners, Inc.	Jenkins Insurance Services, Inc.	IN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/07/12	2012	Arthur J. Gallagher & Co.	Detlefs Johnson & Partners	LA	Public Broker	Retail	EB & Consulting
02/07/12	2012	Arthur J. Gallagher & Co.	ProSource Financial, LLC	IL	Public Broker	Retail	EB & Consulting
02/06/12	2012	Northwest Farm Credit Services, ACA	Hermance Insurance Agency, LLC	WA	Bank or Thrift	Retail	P&C
02/06/12	2012	The Buckner Co.	Leonardson Insurance	ID	Independent Agency/Broker	Retail	P&C
02/03/12	2012	BB&T Corporation	Crump Life Insurance Services Inc. / Crump Insurance Services Inc.	NJ	Bank or Thrift	Wholesale	Multi Line
02/03/12	2012	The Liberty Company Insurance Brokers	C.M. Meiers Co.	CA	Independent Agency/Broker	Retail	Multi Line
02/01/12	2012	Alliant Insurance Services	Thesco Retirement Planning Services	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/12	2012	C&S Insurance Agency, Inc.	Colonial Insurance Services, Inc.	MA	Independent Agency/Broker	Retail	Multi Line
02/01/12	2012	Hub International Limited	Mahres & Mahres Insurance Agency	NM	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/12	2012	MountainOne Financial Partners	Stevenson & Company, Inc.	MA	Other Buyer	Retail	P&C
02/01/12	2012	NFP Corp.	Driscoll Insurance Agency, Inc.	CA	Public Broker	Retail	Multi Line
02/01/12	2012	Texas Dow Employees Credit Union	Burridge Insurance Agency, Inc.	TX	Other Buyer	Retail	EB & Consulting
01/31/12	2012	Foundation Financial Group, LLC	B&R Insurance, Inc.	FL	Other Buyer	Retail	P&C
01/31/12	2012	Investors Title Company	Undisclosed insurance agency		Other Buyer	Retail	P&C
01/31/12	2012	Texas Dow Employees Credit Union	Assurance Insurance Agency, LLC	TX	Other Buyer	Retail	Multi Line
01/27/12	2012	Ontario Teachers’ Pension Plan	BroadStreet Capital Partners, Inc.	OH	Other Buyer	Retail	Multi Line
01/24/12	2012	Stephens Inc.	Grace Group, Inc.	AR	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/20/12	2012	AssuredPartners, Inc.	Dawson Companies	OH	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/19/12	2012	Arthur J. Gallagher & Co.	Riley & Associates, Inc.	SC	Public Broker	Retail	P&C
01/19/12	2012	Ventura Partners BHR, LP	Ventura assets of Barlocker Insurance Services	CA	Independent Agency/Broker	Retail	Multi Line
01/17/12	2012	International Marketing and Administration Company	Specialty Service Solutions, LLC	IL	Other Buyer	Wholesale	P&C
01/17/12	2012	Southwest Business Corporation	PRO Insurance Services, Inc.	TX	Other Buyer	Retail	P&C
01/13/12	2012	Lykes Bros. Inc.	AGIS Tampa Bay	FL	Other Buyer	Retail	EB & Consulting
01/12/12	2012	Direct-Link Holding Group, LLC	Commercial insurance division of Cumbre	CA	Independent Agency/Broker	Retail	P&C
01/12/12	2012	Ryan Specialty Group, LLC	Maclean, Oddy & Associates, Inc.	TX	Independent Agency/Broker	Wholesale	P&C
01/10/12	2012	Bolton & Company	Pacific General Insurance Services	CA	Independent Agency/Broker	Retail	Multi Line
01/09/12	2012	Ascension Insurance, Inc.	Falcone Williams, Inc.	NC	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/08/12	2012	TrueNorth Companies LLC	Employer Planning Services	TX	Independent Agency/Broker	Retail	P&C
01/05/12	2012	Ryan Specialty Group, LLC	Global Special Risks, LLC	LA	Independent Agency/Broker	Wholesale	P&C
01/04/12	2012	Arthur J. Gallagher & Co.	DeHart Benefit Solutions	IN	Public Broker	Retail	EB & Consulting
01/04/12	2012	AssuredPartners, Inc.	Berryman Insurance Agency, Inc.	KY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/04/12	2012	Cooper Gay Swett & Crawford Limited	Aviation Based Coverage	MO	Independent Agency/Broker	Wholesale	P&C
01/03/12	2012	AmTrust Financial Services, Inc.	Builders & Tradesmen's Insurance Services, Inc.	CA	Insurance Company	Wholesale	P&C
01/03/12	2012	NFP Corp.	AGS Benefits Group, LLC	NY	Public Broker	Retail	EB & Consulting
01/01/12	2012	Arthur J. Gallagher & Co.	EWI Re, Inc.	TX	Public Broker	MGA	P&C
01/01/12	2012	AssuredPartners, Inc.	Pell & Associates	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/01/12	2012	CBIZ, Inc.	Meridian Insurance Group, LLC	FL	Public Broker	Retail	Multi Line
01/01/12	2012	Insurance Associates, Inc.	Martel Surety Associates	MD	Independent Agency/Broker	Retail	P&C
01/01/12	2012	Private Investor - Joe Plaetz	Kramer Insurance Agency	MN	Other Buyer	Retail	Multi Line
01/01/12	2012	Undisclosed buyer	First United Insurance Group, LLC	MD	Other Buyer	Retail	Multi Line
01/01/12	2012	Veracity Insurance Solutions, LLC	Stratus Insurance Services, Inc.	UT	Independent Agency/Broker	Retail	P&C
12/31/11	2011	Confie Seguros Insurance Services	Rainier Insurance, Inc.	WA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/31/11	2011	Hub International Limited	Associated Independent Agencies, Inc.	WA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/31/11	2011	Hub International Limited	FAS-EBA, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/31/11	2011	Hub International Limited	Patrion Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/31/11	2011	Risk Strategies Company, LLC	UPA Insurance Brokers, Inc.	CA	Independent Agency/Broker	Retail	P&C
12/30/11	2011	Digital Insurance, Inc.	Strategic Employee Benefit Services of Virginia, L.C.	VA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/30/11	2011	Gowrie Holdings, Inc.	WI Holdings, LLC	RI	Independent Agency/Broker	Retail	P&C
12/28/11	2011	CBIZ, Inc.	Advantage Benefit Planning	NJ	Public Broker	Retail	EB & Consulting
12/23/11	2011	Bollinger, Inc.	Argent Professional Insurance Agency, LLC	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/23/11	2011	Confie Seguros Insurance Services	Innovative Aftermarket Systems L.P.	TX	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
12/22/11	2011	Hylant Group, Inc.	International Captive Alliance Group, LLC	CT	Independent Agency/Broker	Retail	P&C
12/21/11	2011	Murray Insurance Associates, Inc.	Securus Group, Inc.	PA	Independent Agency/Broker	Retail	P&C
12/21/11	2011	Texas Dow Employees Credit Union	Associated Insurance Advisors I, LLC	TX	Other Buyer	Retail	P&C
12/16/11	2011	Arthur J. Gallagher & Co.	Kahl Insurance Services, LLC	CO	Public Broker	Retail	P&C
12/16/11	2011	AssuredPartners, Inc.	Herbert L. Jamison & Co., LLC	NJ	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
12/15/11	2011	Brown & Brown, Inc.	Arrowhead General Insurance Agency Superholding Corporation		Public Broker	Wholesale	P&C
12/12/11	2011	Cullen/Frost Bankers, Inc.	Stone Partners, Inc.	TX	Bank or Thrift	Retail	EB & Consulting
12/12/11	2011	Digital Insurance, Inc.	KelloggSmith, LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/12/11	2011	USI Holdings Corporation	Bluff Head Enterprises, Inc.	RI	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/09/11	2011	Old National Bancorp	Gettings Reed Financial Services, LLC (EB book of business)		Bank or Thrift	Retail	EB & Consulting
12/08/11	2011	Arthur J. Gallagher & Co.	Transwestern General Agency, Inc.	UT	Public Broker	Wholesale	P&C
12/07/11	2011	Markel Corporation	Thompson Insurance Enterprises, LLC	GA	Insurance Company	Wholesale	P&C
12/06/11	2011	American Financial Group, Inc.	Employer's Comp Associates, Inc.	TX	Insurance Company	Wholesale	P&C
12/06/11	2011	Hub International Limited	A-ccountable Insurance LLC (PL book of business)	MT	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/06/11	2011	Woodlands Financial Group	Texans CUSO Insurance Group, LLC	TX	Independent Agency/Broker	Wholesale	P&C
12/05/11	2011	Hub International Limited	Bay Benefits Group	AL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/05/11	2011	Hub International Limited	Voluntary Benefit Solutions LLC	CT	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/02/11	2011	Bell-Anderson Agency, Inc.	Cornelius Services, LLC	WA	Independent Agency/Broker	Retail	P&C
12/02/11	2011	Hub International Limited	J.N. Morcos Insurance Agency Limited	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C