The Hartford Acquires Equitable's Employee Benefits Business

Equitable Holdings and Corebridge Financial Merge in ~$22B All-Stock Deal

March 25, 2026

Financial Services

Equitable Holdings and Corebridge Financial entered into a definitive all-stock merger valued at approximately $22 billion, creating a scaled retirement, life, wealth and asset management company with more than 12 million customers. The combined company will operate under the Equitable name and is expected to close by year-end 2026 (subject to regulatory approvals and customary closing conditions).

Hilb Group Acquires South Carolina Property & Casualty and Employee Benefits Agency

February 1, 2026

Financial Services

Hilb Group acquired a South Carolina-based property and casualty insurance and employee benefits agency with full-service risk solution capabilities. The acquisition took effect February 1, 2026 and expands Hilb Group’s presence and offerings across the Southeast, marking its 200th acquisition since 2009.

Relation Insurance Services Acquires H Group Benefits, Inc.

June 30, 2024

Insurance

Relation Insurance Services acquired the assets of H Group Benefits, Inc., effective June 30, 2024; terms were not disclosed. H Group Benefits (based in Northbrook, Illinois) will operate as part of Relation’s Employee Benefits consulting practice with David Heller continuing to manage the Northbrook office. Relation is a PE‑backed insurance brokerage (backed by Aquiline Capital Partners) expanding its geographic footprint and benefits capabilities.

Risk Strategies Acquires orchestrateHR Inc., eBen Benefits and Subsidiaries

September 20, 2023

Insurance

Risk Strategies has acquired human resources and employee benefits specialist orchestrateHR Inc. and its affiliate Ebenconcepts Company (d/b/a eBen Benefits), including operating subsidiaries Employers Direct Health and Employers Direct Administrative Solutions. The acquisition strengthens Risk Strategies' National Employee Benefits Practice by adding HR consulting, TPA, payroll/administrative outsourcing and HRMS capabilities. Terms were not disclosed.

Co-operators Acquires Smart Employee Benefits Inc.

January 3, 2023

Financial Services

Co-operators Financial Services Limited, a wholly owned subsidiary of The Co-operators Group Limited, agreed to acquire all issued and outstanding common shares of Smart Employee Benefits Inc. (SEB) for C$0.30 per share in a statutory plan of arrangement, implying an equity value of approximately C$89.1 million. The acquisition is intended to bolster Co-operators' Group Benefits capabilities by integrating SEB's benefits administration technology, SaaS products and managed services; closing is subject to shareholder, court and regulatory approvals.

Hub International Acquires the Assets of Heritage Corporate Benefits, LLC

April 3, 2017

Insurance

Hub International Limited acquired the assets of Heritage Corporate Benefits, LLC, an Acworth, Georgia-based employee benefits brokerage. The acquisition expands Hub's Gulf South footprint and strengthens its employee benefits capabilities; terms were not disclosed.