Ambac Acquires Majority Stake in Riverton Insurance Agency Corp.

Ambac Acquires All Trans Risk Solutions and Capacity Marine Corporation

November 8, 2022

Financial Services

Ambac Financial Group has acquired majority stakes in All Trans Risk Solutions, LLC and Capacity Marine Corporation, adding roughly $60 million of premium placed to its specialty P&C distribution platform, Cirrata Group. The deals expand Ambac's underwriting and wholesale brokerage capabilities in transportation-focused commercial automobile and marine insurance markets.

Ambac Financial Group Acquires 80% of Xchange (Xchange Benefits & Xchange Affinity Underwriting)

December 24, 2020

Insurance

Ambac Financial Group agreed to acquire 80% of the membership interests in Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC, with Xchange management principals retaining the remaining 20%. The acquisition is part of Ambac's strategy to diversify into specialty program insurance and expand its MGA/MGU capabilities to generate recurring fee-based income and accelerate Xchange's geographic and product growth plans.

AmTrust Financial Services Acquires Contractor Managing General Insurance Agency (CMGIA)

November 4, 2022

Insurance

AmTrust Financial Services has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA), a California-based managing general agent that provides surety bonds to small- and mid-size contractors nationwide. The acquisition establishes an immediate presence for AmTrust in the contractor surety market and brings CMGIA's underwriting talent and agent network into AmTrust's surety business.

Renaissance Acquires Agency Network Business of Consolidated Insurance Agents (CIA)

January 9, 2025

Insurance

Renaissance, a Chicago-based network of independent insurance agencies, has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA), a Buffalo, New York agency group whose 23 member agencies represent $47 million in premium. The deal expands Renaissance's footprint into the Mid-Atlantic region and gives CIA members access to Renaissance's market access, placement services, technology and service resources.

Alera Group Acquires Gordon Atlantic Insurance Agency

October 1, 2020

Insurance

Alera Group has acquired Gordon Atlantic Insurance Agency, an independent insurance agency based in Norwell, Massachusetts, effective October 1, 2020. The deal expands Alera Group's presence in the greater Boston/Northeast region and brings Gordon Atlantic's personal and commercial insurance expertise into Alera's national platform; terms were not disclosed.

Risk Strategies Acquires Robert Alan Agency

December 18, 2023

Insurance

Risk Strategies, a national specialty insurance brokerage, has acquired Robert Alan Agency, a New City, New York–based full-service retail insurance agency. The acquisition (terms undisclosed) expands Risk Strategies’ presence in Rockland County and the upstate New York region and enhances its personal and commercial lines capabilities.