JAB Insurance Acquires Prosperity Life Group from Elliott Investment Management

S. USA Life (Prosperity Life Group) Acquires National Western Life Group for $1.9 Billion

July 9, 2024

Insurance

S. USA Life Insurance Company, Inc. (a Prosperity Life Group company) completed an all-cash merger to acquire National Western Life Group, Inc. for approximately $1.9 billion, with each National Western share converted into $500 in cash. The deal brings National Western into Prosperity's insurance platform to scale distribution, expand capabilities, and integrate institutional expertise.

Evertree Insurance Acquires Prosper Insurance

November 2, 2023

Insurance

Evertree Insurance Services has acquired Virginia Beach-based Prosper Insurance, finalizing the transaction on November 1, 2023. The deal expands Evertree's Mid-Atlantic footprint and brings Prosper's technology and ~99-person team onto Evertree's tech-enabled personal-lines brokerage platform to accelerate embedded partnership capabilities nationwide.

Apax Partners Acquires PIB Group from The Carlyle Group

January 25, 2021

Insurance

Funds advised by Apax Partners acquired PIB Group alongside PIB's management team; The Carlyle Group (PIB's existing investor) will re-invest for a minority stake. Financial terms were not disclosed; Apax said the investment will support PIB's continued organic growth and accelerated M&A and international expansion. PIB is a diversified insurance intermediary employing over 2,000 people across the UK, Channel Islands, Ireland, Germany, Poland and India.

Simplicity Group Acquires Life Policy Pros, Inc.

July 14, 2022

Financial Services

Simplicity Group, a Summit, New Jersey-based financial product distribution platform, has acquired Life Policy Pros, Inc., a New Jersey life insurance distribution firm. Founder Michael Kelly will join Simplicity as a partner and continue to lead day-to-day operations of Life Policy Pros as it transitions to the Simplicity brand.

Simplicity Group Holdings Acquires Breakthrough Insurance Group

September 6, 2023

Financial Services

Simplicity Group Holdings, Inc. acquired Breakthrough Insurance Group (BIG), a New Jersey-based full-service life, annuity, and long-term care insurance general agency. The acquisition integrates BIG into Simplicity’s distribution platform and names Tim Kelly as a partner to leverage Simplicity’s carrier relationships, products, and marketing and sales support.

Hub International Acquires JAG Insurance Group

April 5, 2022

Insurance

Hub International Limited acquired the assets of JAG Investment Partners, LLC (d/b/a JAG Insurance Group), a Coral Gables, Florida-based insurance agency that serves hospitality, non-profit and real estate clients. Terms were not disclosed; Hub said the deal strengthens its Specialty and commercial insurance capabilities and expands its presence in Florida.