Industry Transactions
Industry Transaction Details (as of June 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 6/30/2024.
Source: S&P Global Market Intelligence, Insurance Journal, and other publicly available sources
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| Announced Date | Deal Year | Buyer | Seller | Seller Location | Buyer Type | Seller Type | Seller Line of Business | Press Release |
|---|---|---|---|---|---|---|---|---|
| 04/30/05 | 2005 | Nationwide Insurance Agency | Undisclosed insurance agency | Independent Agency/Broker | ||||
| 04/30/05 | 2005 | South Financial Group Inc. | Bowditch Insurance Corp. | FL | Bank or Thrift | Retail | P&C | |
| 04/29/05 | 2005 | Arthur J. Gallagher & Co. | Chris Schroeder Insurance Inc. | WI | Public Broker | Retail | P&C | |
| 04/21/05 | 2005 | Greater Bay Bancorp | Lucini/Parish Insurance Inc. | NV | Bank or Thrift | Retail | P&C | |
| 04/12/05 | 2005 | CapTech Financial Group Inc. | National Security Title Agencies LLC | FL | Independent Agency/Broker | Retail | P&C | |
| 04/12/05 | 2005 | McQueary Henry Bowles Troy LLP | Cullen/Frost Bankers, Inc. (EB office) | TX | Independent Agency/Broker | Retail | EB & Consulting | |
| 04/11/05 | 2005 | Stewart Information Services Corporation | Advance Title Holding Company LLC | FL | Insurance Company | Retail | P&C | |
| 04/05/05 | 2005 | Wachovia Corporation | Palmer & Cay Inc. | GA | Bank or Thrift | Retail | P&C | |
| 04/01/05 | 2005 | BancorpSouth, Inc. | Kyzar and Company PA | MS | Bank or Thrift | Retail | EB & Consulting | |
| 04/01/05 | 2005 | Barker Phillips Jackson, Inc. | Group Benefits, Inc. | MO | Independent Agency/Broker | Retail | EB & Consulting | |
| 04/01/05 | 2005 | First Niagara Financial Group, Inc. | Brooks-Byer Associates Inc. | NY | Bank or Thrift | Retail | P&C | |
| 04/01/05 | 2005 | Regions Financial Corporation | Galbreath Insurance Agency Inc. | TN | Bank or Thrift | Retail | P&C | |
| 03/31/05 | 2005 | NFP Corp. | Undisclosed Seller (ten undisclosed companies) | Public Broker | ||||
| 03/29/05 | 2005 | Old National Bancorp | J.W.F. Insurance Companies Inc. | IN | Bank or Thrift | Retail | P&C | |
| 03/23/05 | 2005 | Management group | Anderson Group | KY | Independent Agency/Broker | Retail | P&C | |
| 03/17/05 | 2005 | Primary Group Limited | New Age Brokerage Inc. | NJ | Independent Agency/Broker | Wholesale | P&C | |
| 03/10/05 | 2005 | Assurex International Corp. | Reisner & McTigue Agency Inc. | OH | Independent Agency/Broker | |||
| 03/09/05 | 2005 | NFP Corp. | Highland Capital Holding Corporation | AL | Public Broker | Wholesale | EB & Consulting | |
| 03/02/05 | 2005 | Stephens Group, Inc. | Kane Agency Inc. | AR | Independent Agency/Broker- Private Capital Backed | Retail | EB & Consulting | |
| 03/01/05 | 2005 | Bridge Street Financial, Inc. | Ladd's Agency Inc. | NY | Bank or Thrift | Retail | P&C | |
| 02/28/05 | 2005 | KNBT Bancorp, Inc. | Caruso Benefits Group Inc. | PA | Bank or Thrift | Retail | EB & Consulting | |
| 02/22/05 | 2005 | Willis Group Holdings Limited | CGI Consulting Group Inc. | PA | Public Broker | Retail | EB & Consulting | |
| 02/18/05 | 2005 | Hylant Group, Inc. | Dobson-McOmber Agency Inc. | MI | Independent Agency/Broker | Retail | P&C | |
| 02/18/05 | 2005 | Stewart Information Services Corporation | Effingham Title Company | IL | Insurance Company | Retail | P&C | |
| 02/17/05 | 2005 | Cadenhead Shreffler Insurance Agency Inc. | Insurance & Bonds Agency Inc. | TX | Independent Agency/Broker | Retail | EB & Consulting | |
| 02/17/05 | 2005 | Leavitt Group Enterprises, Inc. | Stephens & Hobdy Insurance Inc. | MS | Independent Agency/Broker | Retail | Multi Line | |
| 02/15/05 | 2005 | American Wholesale Insurance Group, Inc. | Stewart Smith East Inc. | NY | Independent Agency/Broker | Wholesale | P&C | |
| 02/14/05 | 2005 | Brown & Brown, Inc. | Emerald Benefits Inc. | FL | Public Broker | Retail | EB & Consulting | |
| 02/14/05 | 2005 | Savage and Associates Inc. | Christie Financial Services Ltd. | OH | Independent Agency/Broker | Retail | P&C | |
| 02/14/05 | 2005 | Temple-Inland, Inc. | Walter Mortensen Insurance Inc. | CA | Bank or Thrift | Retail | P&C | |
| 02/11/05 | 2005 | Brown & Brown, Inc. | Hull and Company, Inc. | FL | Public Broker | Wholesale | P&C | |
| 02/09/05 | 2005 | Stewart Information Services Corporation | Burnt Store Title Services Inc. | FL | Insurance Company | Retail | P&C | |
| 02/09/05 | 2005 | Stewart Information Services Corporation | Pine Island Title Insurance Agency Inc. | FL | Insurance Company | Retail | P&C | |
| 02/07/05 | 2005 | International Insurance Brokers Ltd. LLC | Team Insurance Group Inc. | OK | Independent Agency/Broker | Retail | P&C | |
| 02/03/05 | 2005 | Stewart Information Services Corporation | McKinley Title & Trust Inc. | AK | Insurance Company | Retail | P&C | |
| 02/03/05 | 2005 | Stewart Information Services Corporation | Midwest Holdings Inc. | FL | Insurance Company | |||
| 02/01/05 | 2005 | First Niagara Financial Group, Inc. | LA Lama Insurance Agency | NY | Bank or Thrift | Retail | P&C | |
| 02/01/05 | 2005 | Hylant Group, Inc. | Harcum-Schuett Agency Inc. | OH | Independent Agency/Broker | Retail | P&C | |
| 01/31/05 | 2005 | Bankers Insurance Center LLC | Troy & Nichols Insurance Agency Inc. | LA | Independent Agency/Broker | Retail | P&C | |
| 01/31/05 | 2005 | BB&T Corporation | Huffaker & Trimble Inc. | TN | Bank or Thrift | Retail | P&C | |
| 01/27/05 | 2005 | Direct General Corporation | Undisclosed Sellers (2 insurance agencies) | TX | Insurance Company | |||
| 01/27/05 | 2005 | Hotchkiss Insurance Agency Inc. | Old Republic International Corporation (insurance agency office) | TX | Independent Agency/Broker | Retail | P&C | |
| 01/26/05 | 2005 | Assurex International Corp. | Integrity Insurance Agency | KY | Independent Agency/Broker | Retail | EB & Consulting | |
| 01/26/05 | 2005 | Willis Group Holdings Limited | PRIMARY Worldwide Corporation | CA | Public Broker | Retail | EB & Consulting | |
| 01/24/05 | 2005 | Arthur J. Gallagher & Co. | JLT Re Solutions Inc. (reinsurance brokerage assets in MN and AL) | Public Broker | Retail | P&C | ||
| 01/24/05 | 2005 | Sentry Insurance, a Mutual Company | ALF Insurance Agency Inc. | MI | Insurance Company | Retail | P&C | |
| 01/24/05 | 2005 | Stewart Information Services Corporation | Abstract & Title Co. | OR | Insurance Company | Retail | P&C | |
| 01/24/05 | 2005 | Stewart Information Services Corporation | Jackson Kahl Title Services, LLC | WI | Insurance Company | Retail | P&C | |
| 01/21/05 | 2005 | Beneficial Mutual Savings Bank | Paul Hertel & Co., Inc. | PA | Bank or Thrift | Retail | P&C | |
| 01/18/05 | 2005 | AssuranceAmerica Corporation | Cannon Insurance Agency Inc. | GA | Insurance Company | Retail | P&C | |
| 01/17/05 | 2005 | Central Bancshares, Inc. | Purdy & Cooke Insurance Agency, Inc. | KY | Bank or Thrift | Retail | P&C | |
| 01/15/05 | 2005 | Lykes Bros. Inc. | Tucker & Branham, Inc. | FL | Other Buyer | Retail | P&C | |
| 01/13/05 | 2005 | Brown & Brown, Inc. | ECC Insurance Brokers, LLC | IL | Public Broker | Wholesale | P&C | |
| 01/12/05 | 2005 | Anthony Clark International Insurance Brokers Ltd. | Schuneman Insurance Agency Inc. | IL | Independent Agency/Broker | Retail | P&C | |
| 01/11/05 | 2005 | USI Holdings Corporation | Patterson//Smith Associates | VA | Public Broker | Retail | P&C | |
| 01/07/05 | 2005 | Hilb Rogal & Hobbs Company | Ed Murray & Sons Inc. | WY | Public Broker | Retail | P&C | |
| 01/05/05 | 2005 | Compass Bancshares, Inc. | Warren Benefits Group Inc. | TX | Bank or Thrift | Retail | EB & Consulting | |
| 01/05/05 | 2005 | Independence Holding Company | Health Plan Administrators Inc. | IL | Insurance Company | Retail | EB & Consulting | |
| 01/04/05 | 2005 | Brown & Brown, Inc. | U.S.I. Holdings Corporation (Ocala office) | FL | Public Broker | Retail | P&C | |
| 01/03/05 | 2005 | Hilb Rogal & Hobbs Company | True Benchmark Insurance Services | IL | Public Broker | Wholesale | P&C | |
| 01/03/05 | 2005 | National Penn Bancshares, Inc. | Krombolz Agency Inc. | PA | Bank or Thrift | Retail | P&C | |
| 01/03/05 | 2005 | S&T Bancorp, Inc. | Bennett Group | PA | Bank or Thrift | Retail | P&C | |
| 01/01/05 | 2005 | Arthur J. Gallagher & Co. | Horton Insurance Agency Inc. | OK | Public Broker | Retail | P&C | |
| 01/01/05 | 2005 | Arthur J. Gallagher & Co. | Marine Insurance Service, LLC | LA | Public Broker | Retail | P&C | |
| 01/01/05 | 2005 | Brown & Brown, Inc. | Braishfield Associates Inc. (CL Ops) | FL | Public Broker | Wholesale | P&C | |
| 01/01/05 | 2005 | Century Business Services, Inc. | Southeastern Agency LLC | OH | Other Buyer | |||
| 01/01/05 | 2005 | Encore Bancshares, Inc. | John A. Bumstead & Associates Inc. | TX | Bank or Thrift | Retail | P&C | |
| 01/01/05 | 2005 | First Acceptance Corporation | LGNP Enterprises, Inc. | TX | Insurance Company | Retail | P&C | |
| 01/01/05 | 2005 | Nasdaq Stock Market, Inc. | NASDAQ Insurance Agency LLC | NY | Other Buyer | Retail | P&C |
