Weston Insurance Holdings Acquires Anchor Specialty Insurance Company from Anchor Insurance Holdings

World Insurance Associates Acquires Ellsworth Corporation

September 18, 2023

Insurance

World Insurance Associates LLC acquired the business of Ellsworth Corporation of Metairie, Louisiana on September 1, 2023. The deal expands World’s insurance brokerage capabilities with Ellsworth’s specialties in surety & bonding, commercial marine, oil & gas insurance programs, construction bonds and workforce health benefits.

Core Specialty Acquires London Aviation Underwriters

January 17, 2025

Insurance

Core Specialty Insurance Holdings, Inc. has completed the acquisition of London Aviation Underwriters, Inc., integrating LAU as its 18th specialty business unit and creating a new Aviation & Aerospace Division. LAU employees became Core Specialty employees effective January 1, 2025; LAU produced $44 million in gross premiums written in 2024 and will continue to operate under the LAU brand while StarStone National Insurance Company remains the policy-issuing carrier.

NI Holdings Acquires Westminster American Insurance Company

January 1, 2020

Insurance

NI Holdings, Inc. (NASDAQ: NODK) completed the acquisition of Westminster American Insurance Company from private shareholders for $40 million, closing on January 1, 2020. The deal expands NI Holdings' geographic footprint and adds commercial multi-peril underwriting capacity; Westminster is headquartered in Owings Mills, Maryland and will continue to be managed by President John Scott, Jr., who received a $5.0 million retention bonus payable over five years.

Northeast Coverages Acquires AUI Inc.

November 3, 2020

Insurance

Northeast Coverages Inc., a New York-based wholesale/MGA, has acquired AUI Inc., an Austin-based managing general agency and surplus lines broker. Stonybrook Capital advised Northeast Coverages on the transaction and Stonybrook Risk Management served as the exclusive reinsurance intermediary. The deal expands Northeast Coverages' distribution into the U.S. Southwest and adds AUI's commercial property, liability and niche lines such as liquor liability.

Westland Insurance Acquires Canadian Special Risks Inc.

June 1, 2024

Insurance

Westland Insurance Group acquired Canadian Special Risks Inc., a specialty commercial brokerage based in Athabasca, Alberta, effective June 1, 2024. The acquisition expands Westland's specialty commercial insurance capabilities in Alberta — particularly commercial welding programs — and supports the firm's broader growth across Western Canada.

Core Specialty Completes Acquisition of American Surety Company and Underwriters Surety

June 3, 2024

Insurance

Core Specialty Insurance Holdings, Inc. has completed the acquisition of American Surety Company and Underwriters Surety, creating a new Surety Division and adding bail bonds and commercial surety bond product lines. The deal was completed with a mix of cash and stock, preserves the American Surety brand and management team, and brings approximately $93 million in 2023 GAAP gross premiums written to Core Specialty.