Tracked deals
208
208 tracked deals across 2025.
Tracked deals
208
208 tracked deals across 2025.
Buyer mix
Strategic-led
207 strategic · 17 pe
Top trend
Volume peaked in 2024
289 tracked deals announced in 2024.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Inszone Insurance Services | 31 | Full-service insurance brokerage offering property & casu... | Strategic (PE-backed) |
| King Risk Partners | 15 | Regional insurance brokerage offering personal and commer... | Strategic (PE-backed) |
| Arthur J. Gallagher & Co. | 12 | Global insurance brokerage, risk management and consultin... | Strategic |
| Hub International Limited | 10 | Global insurance brokerage and financial services firm pr... | Strategic (PE-backed) |
| World Insurance Associates LLC | 9 | National insurance brokerage and financial services organ... | Strategic (PE-backed) |
| ALKEME | 6 | Full-service insurance agency and roll-up acquirer provid... | Strategic |
| OneDigital | 5 | Insurance brokerage and financial services platform offer... | Strategic (PE-backed) |
| Alliant Insurance Services | 4 | National specialty insurance broker and employee benefits... | Strategic |
| COVU, Inc. | 4 | AI-native customer servicing platform for independent ins... | Strategic |
| Marsh McLennan Agency | 4 | Leading national insurance brokerage and advisory busines... | Strategic |
Last 10 years
Supporting Data
Inszone Insurance Services, a Sacramento-based full-service insurance broker, has acquired Pikes Peak Insurance Agency of Falcon, Colorado. The deal expands Inszone's Colorado presence and brings the locally trusted personal and commercial-lines agency and its founder Chris Wood into Inszone's national platform, with Wood remaining on-site to support continuity for clients.
J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.
Inszone Insurance Services has acquired Sample Insurance Group, LLC, an independent insurance agency headquartered in Monument, Colorado. The deal expands Inszone's presence in Colorado and gives Sample Insurance Group access to Inszone's broader carrier relationships, technology and resources while the Sample team remains in place.
Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Shahinian Insurance Services, Inc., a California-based specialty agency founded in 1974 known for event liability, vendor programs and a long-standing risk purchasing group. Shahinian will continue operating under its existing team while gaining Inszone's national platform, carrier access and operational resources to support continued growth.
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Northern Insurance Group, Ltd., a long-established independent agency based in Illinois. Northern Insurance will continue to operate in place and will be supported by Inszone’s broader platform, carrier access, and technology to support continued growth.
Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Mark V. Williamson Co., Inc. (Williamson Insurance), an independent agency based in Little Rock, Arkansas. The deal expands Inszone’s presence in Arkansas and provides Williamson Insurance with additional resources, technology and carrier relationships while preserving the local team.
Inszone Insurance Services has acquired Voyage Benefits, LLC, a Grand Rapids, Michigan-based health and life insurance agency led by Kelly Syren. The acquisition expands Inszone's benefits capabilities and presence in Michigan while Voyage Benefits will continue operating from its Grand Rapids location with access to Inszone's carrier relationships and resources.
IK Partners’ Small Cap IV fund has acquired a majority stake in Ascora Group in a management buyout that supports founder Stéphane Henry’s succession. The deal strengthens Ascora’s buy-and-build strategy across France—particularly in Real Estate and Property & Casualty—while enabling CEO Bruno Deschamps and the management team to increase their ownership and accelerate investments in sales and digital tools.
NFP, an Aon company, has acquired Alan J. Zuccari, Inc. dba Hamilton Insurance Agency, a Fairfax, Virginia-based insurance brokerage specializing in senior living and long-term care. The deal brings Hamilton's risk management, integrated benefits administration technology (BeneLink Connect) and Electronic Risk Management Assistant into NFP's platform to expand capabilities for senior housing and long-term care clients.
Trucordia, a top-20 U.S. insurance brokerage based in Lindon, Utah, has acquired Global Financial & Insurance Services, an Irving, Texas-based insurance and financial services firm. The deal expands Trucordia's national insurance platform and adds localized insurance, risk-management and financial planning capabilities across multiple U.S. markets.
Marsh McLennan Agency (MMA) has acquired three Honolulu-based brokerages — Atlas Insurance Agency, Pyramid Insurance Centre, and IC International — from Tradewind Group. The brokerages and their employees will join MMA and continue operating locally as the firm expands its presence and capabilities across Hawai‘i; financial terms were not disclosed.
Amynta Group has completed its acquisition of Global Surety, LLC, International Sureties Limited, and International Sureties SARL (collectively, “International Sureties”). International Sureties is a specialty surety broker offering commercial surety products including admiralty, court, bankruptcy, logistics, and license & permit bonds.
King Risk Partners, a Gainesville, Florida-based insurance brokerage, has acquired Stewart Agency, an independent insurance firm with locations in Elmira and Corning, New York. The deal expands King Risk Partners' presence in New York and strengthens its personal and business insurance offerings in the region.
Asurion agreed to acquire Domestic & General from funds advised by CVC Capital Partners and Luxinva S.A., an Abu Dhabi Investment Authority entity. The transaction was completed, bringing Domestic & General’s appliance-care subscriptions and repair network into Asurion’s technology-care platform; the target will continue operating under its existing brand as an Asurion business unit.
Tokio Marine Holdings, Inc. has signed a definitive agreement to acquire Commodity & Ingredient Hedging (CIH), a technology-enabled risk management solutions provider for agricultural and commodity markets, from Falfurrias Capital Partners. The deal is expected to close in the first quarter of 2026, subject to regulatory approvals.
King Risk Partners has acquired Stuart Surles Insurance, an independent agency based in Angier, North Carolina, expanding King Risk's footprint in the state. The acquisition strengthens King Risk's farm and crop insurance capabilities while preserving Stuart Surles Insurance's local, relationship-driven service model.
NMS Capital Group, the Saliba family office-backed private equity firm, has acquired Get Cover Technologies, the parent company of Get Cover, a Los Angeles-based insurtech that provides cloud-based warranty and service contract solutions. The deal positions NMS to expand its presence in technology-enabled insurance while enabling Get Cover to scale its platform across B2B, B2C and education channels and accelerate product rollout and customer growth.
JAB Insurance signed an agreement to acquire Columbian Mutual Life Insurance Company (CML) and its Illinois subsidiary Columbian Life Insurance Company (CLIC), collectively Columbian Financial Group, as the centerpiece of a Plan of Rehabilitation. The transaction was completed after court and regulatory approvals, enabling the insurers to emerge from rehabilitation with a stable long-term home for policyholders.
Amynta Group’s subsidiary First Nonprofit Companies, Inc. (FNP) has acquired Nonprofit Services Insurance Agency, Inc. (NPS), a Longview, Washington-based provider of captive management unemployment insurance solutions for nonprofit organizations. Terms were not disclosed; NPS founders Dennis Costa and Mark Hanson will remain with the business as it integrates into FNP to expand and diversify FNP’s nonprofit unemployment insurance offerings.
Alliant Insurance Services has acquired Highpoint Insurance Group, a multi-line broker based in Friendswood, Texas. Highpoint’s 44 employees will operate as Alliant as the transaction expands Alliant’s footprint in the Greater Houston market and strengthens capabilities in commercial and personal lines as well as employee benefits, with growth opportunities in oil & gas and construction/surety.
DB Insurance Co., Ltd. has completed its acquisition of The Fortegra Group, Inc. for approximately $1.65 billion. The deal follows DB Insurance’s definitive agreement announced in September 2025 and was closed on May 29, 2026.
FutureProof Technologies entered into a definitive agreement to acquire Terrafuse AI, a wildfire risk analytics company with patented, highly granular wildfire prediction models. The deal combines Terrafuse’s wildfire forecasting technology with FutureProof’s AI-enabled underwriting and pricing platform to expand wildfire risk insurance availability and affordability, particularly deeper into Western wildfire regions.
TWFG, a national independent insurance distribution platform headquartered in The Woodlands, Texas, has acquired Alabama Insurance Agency, Inc. and its network of 20 affiliated offices across Alabama. The deal expands TWFG's presence in the Southeastern United States and gives the agency access to broader carrier relationships, technology resources, and the national platform's distribution capabilities.
Aquarian Capital LLC, through an affiliate, has signed a definitive merger agreement to acquire Brighthouse Financial, Inc. for $70.00 per share in an all-cash transaction valued at approximately $4.1 billion. The deal is expected to close in 2026, subject to shareholder approval and regulatory approvals, with Brighthouse Financial remaining headquartered in Charlotte, North Carolina and operating under its existing name and brand.
Senior Market Sales (SMS), an Omaha-based field marketing organization, has acquired Austin-based Abt Insurance Agency to expand its national Medicare insurance distribution. The deal will provide Abt with additional resources and allow SMS to broaden its health and wealth distribution network and digital lead-generation capabilities for serving seniors.
Ambac Financial Group has completed its acquisition of ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will operate as a wholly owned subsidiary of Ambac with its existing leadership team retained, bolstering Ambac’s accident and health capabilities and distribution footprint.
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Joel Rieth Insurance Agency, Inc., d/b/a Complete Coverage Insurance Agency, expanding its presence in Colorado. The agency’s team will remain in place and will receive Inszone’s back-office support and expanded carrier access to support continued growth.
DOXA, a specialty insurance platform based in Fort Wayne, Indiana, has acquired American Hole ‘n One (AHNO), a Buford, Georgia–based provider of hole-in-one and prize indemnity insurance. The deal brings AHNO’s nearly 40 years of prize indemnity and event-promotion capabilities into DOXA’s Consumer Vertical to expand DOXA’s prize indemnity and event promotions insurance offerings.
Marsh McLennan Agency (MMA) has acquired Hayden Wood Insurance Agency Inc., an independent personal-lines agency based in Southborough, Massachusetts. Terms were not disclosed; all employees, including President and owner Morgan Duffy, will join MMA and continue to operate from the existing Southborough office. The acquisition expands MMA's private client capabilities with Hayden Wood's specialty in collector auto and motorsports insurance.
Starr, a global investment and insurance organization, completed its acquisition of IQUW Group to build a broader, more diversified specialty (re)insurance platform. The deal expands Starr’s capabilities across the London market, Bermuda, and the U.K. retail motor segment, and strengthens its reinsurance business under Starr Re.
Inszone Insurance Services has acquired Western Republic Insurance Services, a family-owned insurance agency based in Huntington Beach, California. The deal expands Inszone's presence in Southern California and brings Western Republic's contractor-focused commercial insurance book and team into Inszone's national brokerage platform.
Old Republic International Corporation has signed a definitive agreement to acquire Everett Cash Mutual Insurance Co. (ECM) and its affiliated companies following ECM’s sponsored demutualization to convert from a mutual to a stock insurer. The deal is subject to regulatory and policyholder approval and was expected to close in 2026. A later update states the conversion and acquisition were completed after members approved the plan and ECM’s articles were filed on July 1, 2026.
Alliant Insurance Services has acquired McAfee Insurance Agency in Mercedes, Texas to expand its transportation specialty platform and cross-border risk capabilities in South and East Texas. The firm also hired senior specialists Nader Dabboussi and Jordan Lewis to support its cross-border transportation strategy and deepen service offerings for trucking and transportation clients.
Arthur J. Gallagher & Co. acquired Rochester Hills, Michigan-based Strategic Services Group, Inc., an employee benefits consulting firm. The deal expands Gallagher's employee health benefits consulting capabilities in Michigan and the Midwest; terms were not disclosed and the existing SSG team will remain in place.
Alliant Insurance Services has acquired Texas Insurance Agency in Laredo and McAfee Insurance Agency in Mabank as part of its expansion of the Alliant Transportation specialty platform in Texas. The transactions strengthen Alliant's cross-border trucking and transportation risk capabilities and expand its footprint across South and East Texas.
Renaissance, a national network for independent insurance agencies, has acquired the agency network business of Insurance Services of the West, LLC (doing business as Insurance Agency Network or IAN), which represents more than 70 member agencies and $400 million in premium volume. The deal expands Renaissance's national footprint into 12 additional states and gives IAN members access to Renaissance's carrier/market access, placement services, technology platforms (including new AI tools), and enhanced profit-share opportunities.
King Risk Partners, a national insurance brokerage based in Gainesville, Florida, has acquired Jenkins Insurance, an independent agency in Harrisonburg, Virginia, to expand its footprint in the state. The acquisition is intended to combine Jenkins' local client relationships and service with King's scale and infrastructure while maintaining continuity for clients.
Higginbotham, an employee-owned insurance, financial and HR services firm based in Fort Worth, Texas, has entered a partnership to bring Lubbock-based Stephens Insurance Services into its regional footprint. The move expands Higginbotham's capabilities in employee benefits and Medicare advisory while strengthening its presence across West Texas and eastern New Mexico.
HGGC completed an investment in Sterling Brokers, a Toronto-based benefits brokerage and third-party administrator, acquiring the company from True Wind Capital. Financial terms were not disclosed; Carlyle Direct Lending and Northleaf Capital Partners provided debt financing to support the transaction.
White Mountains Insurance Group has signed a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform focused on homeowners’ insurance in California and Texas, to funds advised by CVC Capital Partners. The deal values Bamboo at $1.75 billion, with White Mountains retaining about a 15% fully-diluted equity stake post-closing; the transaction is expected to close by the end of Q4 2025 subject to regulatory approvals.
Dreamscape Industries, a privately held, family-owned investment firm based in New York, has completed its acquisition of LifeSecure Insurance Company, effective October 3, 2025. LifeSecure will retain its New Hudson, Michigan headquarters and continue selling its long-term care and ancillary health insurance products while pursuing growth and expanded product offerings under new leadership.
Amwins has acquired Applied Risk Capital (ARC), a Managing General Agent (MGA) specializing in credit insurance for the leveraged finance market. ARC will join Amwins Underwriting to expand Amwins' credit insurance and underwriting capabilities for banks, funds and institutional investors; BMO Capital Markets served as exclusive financial advisor to ARC on the sale.
IMA Financial Group announced a strategic partnership with Valent Group, an Alabama-based insurance broker. Valent Group will retain its local identity and leadership while its ~86 employees become associates of IMA, giving IMA a foothold in Alabama and bolstering its Southeast presence.
Balavant Insurance Group, a national managing general agency (MGA) platform based in Novato, California, has acquired TIMBY Specialty Insurance Solutions, an inland marine program manager headquartered in Everett, Washington. TIMBY will continue to operate under its brand with its team joining Balavant, expanding Balavant’s inland and ocean marine capabilities and program capacity for transportation, logistics, energy, and construction markets.
Westland Insurance Group Ltd. announced the acquisition of Calgary-based Beneficial Insurance Solutions (a division of Bencharski Insurance Services Ltd.), effective October 1, 2025. The deal expands Westland’s presence in Alberta and gives BIS clients access to Westland’s broader insurance offerings and digital tools while preserving local service and client relationships.
ALKEME Insurance, a top-25 U.S. brokerage headquartered in Ladera Ranch, California, acquired Insurance Brokers of Arizona (IBOAZ), a Gilbert, Arizona-based personal lines insurance agency led by Cameron Brown. The deal strengthens ALKEME's Arizona footprint and adds IBOAZ's digitally forward personal-lines capabilities to ALKEME's growing national platform.
Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Arkansas Best Insurance Agency, Inc., a long-standing independent agency based in Hot Springs, Arkansas. The acquisition expands Inszone's geographic footprint into Arkansas while keeping the acquired agency's Hot Springs and Hot Springs Village offices open to continue serving local commercial and personal lines clients.
Amynta Group, through its subsidiary First Nonprofit Companies, Inc. (FNP), has acquired Michigan-based Unemployment Services, Inc. (USI). The acquisition expands FNP's unemployment insurance cost-control and claims-administration capabilities, allowing it to better serve both nonprofit and private-sector employers; Kent Downey, USI's founder and president, will remain leading the business.
Inszone Insurance Services has acquired Head Insurance, a long‑standing independent insurance agency based in Goldthwaite, Texas, marking Inszone’s entry into the Texas market. The acquisition brings Head Insurance’s local team and century‑long client relationships into Inszone’s national brokerage platform, expanding carrier access and capabilities for clients.
Inszone Insurance Services, a national insurance brokerage, has acquired Parker-Haskins Insurance, an independent agency based in Dodge City, Kansas. The transaction expands Inszone’s presence in Kansas and brings crop insurance expertise and local client relationships into Inszone’s network.
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