Recent Insurance Acquisitions
Acquisition Volume in Insurance by Year
Last 5 years
This page highlights recent M&A in the insurance industry, with transactions spanning U.S. states and parts of Europe. Buyers such as King Risk Partners, Specialty Program Group, Arthur J. Gallagher & Co., and THI Investments appear across deals that expand local footprints and specialist underwriting capabilities.
Common themes include regional brokerage roll‑ups (moves to strengthen presence in Georgia, New York, Pennsylvania, Texas and Michigan), growth investments into tech‑enabled platforms, and strategic add‑ons that broaden specialty lines — for example, short‑term rental coverage, cargo & logistics, energy/marine underwriting, and claims verification technology.
What Stands Out
- Regional brokerage roll‑ups: buyers expand local footprints and preserve local teams — examples include King Risk Partners affiliating Ten Eyck Group (New York) and adding agencies in Georgia, and Arthur J. Gallagher & Co. acquiring retail brokerages in Pennsylvania and Michigan.
- Specialty underwriting and MGA growth: Specialty Program Group and Revau Advanced Underwriting are expanding specialty property, cargo, marine and energy product suites through acquisitions and integrations.
- Tech and claims‑verification plays: European dealmaking includes a majority investment in LOGICHECK to scale claims‑verification technology across insurers.
- Private equity and recapitalizations: firms such as Gauge Capital are providing growth capital to scale tech‑enabled P&C agency networks like Affordable American Insurance (AAI).
- Targeted capability expansion: recent deals add cyber liability, life/annuity and long‑term care distribution, employee benefits consulting, and commercial property expertise.
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March 19, 2026
- Buyer
- ANV Group Holdings Ltd.
- Target
- Iris Insurance Brokers Ltd.
- Industry
- Insurance
- Location
- United Kingdom
- Type
- Buyout
ANV Group Holdings Ltd. has entered into a definitive agreement to acquire Iris Insurance Brokers Ltd. subject to regulatory approval. The deal is expected to strengthen ANV’s UK distribution capabilities and provide a platform to launch and scale startup MGAs through Iris’ Blink and Vivid underwriters incubator.
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March 14, 2026
- Buyer
- Oaktree
- Target
- Atlantic Coast Life Insurance Company (ACL), Sentinel Security Life Insurance Company
- Seller
- Advantage Capital Holdings (A-CAP)
- Industry
- Insurance
- Location
- United States
- Type
- Buyout
Oaktree has signed a master transaction agreement to acquire a controlling stake in Atlantic Coast Life Insurance Company (ACL), which is part of the Advantage Capital Holdings (A-CAP) platform. In parallel, Oaktree will provide capital support to Sentinel Security Life Insurance Company through a surplus note investment funded into a newly created captive insurance company, with proceeds directed toward strengthening Sentinel’s growth and policyholder support.
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March 12, 2026
Risk Theory, a vertically integrated specialty insurance platform, completed its acquisition of Roundhill Express, a managing general agent (MGA) focused on underwriting commercial habitational properties in New York City. The deal is Risk Theory’s first MGA acquisition and supports its buy-and-build strategy in high-barrier specialty insurance markets, with Roundhill Express continuing under its existing brand.
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- Buyer
- NFP, Aon
- Target
- Trinity Risk Advisors, LLC
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Addon
NFP, an Aon company and a property and casualty broker and benefits consultant, announced the acquisition of Trinity Risk Advisors, a Charlotte, North Carolina-based captive brokerage firm. The deal is intended to launch NFP’s new P&C Group Captive practice to help small and mid-size businesses evaluate and join group captive structures that pool risk and potentially reduce insurance costs.
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March 3, 2026
- Buyer
- CRC Group
- Target
- Euclid Transactional
- Seller
- Searchlight Capital Partners
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
Searchlight Capital Partners completed the sale of Euclid Transactional to CRC Group. Euclid Transactional provides transactional insurance solutions, including representations and warranties and tax liability insurance, and will join CRC Group to expand distribution and capabilities.
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March 2, 2026
Sterling Risk Insurance acquired ASZ International, an independent commercial insurance agency. MidCap Advisors served as ASZ International’s exclusive financial advisor and managed the transaction process through closing.
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February 27, 2026
- Buyer
- Specialty Program Group LLC (SPG)
- Target
- Proper Insurance (Proper)
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Specialty Program Group LLC (SPG) acquired Proper Insurance, a provider of insurance solutions tailored to short-term rental properties. Proper, founded in 2014 and based in Bozeman, Montana, offers a commercial policy designed to replace traditional homeowners or landlord coverage for hosts and professionally managed portfolios.
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February 27, 2026
- Buyer
- King Risk Partners
- Target
- Lewis Insurance, Inc.
- Seller
- Lewis Insurance, Inc., Jason Lewis
- Industry
- Insurance
- Location
- Georgia, United States
- Type
- Addon
King Risk Partners, the 51st largest U.S. insurance brokerage, has acquired Lewis Insurance, a Thomasville, Georgia-based agency, to bolster its Southern presence. Lewis Insurance — led by owner Jason Lewis — will continue delivering local personal and commercial insurance services while gaining access to King Risk Partners' broader resources and capabilities.
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February 26, 2026
- Buyer
- THI Investments
- Target
- LOGICHECK
- Industry
- Insurance
- Location
- Rhineland-Palatinate, Germany
- Type
- Buyout
THI Investments, a pan‑European private equity investor, has acquired a majority stake in LOGICHECK, a Germany‑based tech‑enabled provider of claims‑verification solutions for complex motor insurance claims. LOGICHECK's founders and management retain a significant minority stake; THI said it will support growth, broaden the product set and scale the business across insurers.
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February 26, 2026
- Buyer
- WalkerHughes Insurance
- Target
- Benhoff Insurance Agency
- Seller
- Bruce Benhoff
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Addon
WalkerHughes, a founder-led retail insurance brokerage headquartered in Indianapolis, Indiana, announced its expansion into Illinois through the acquisition of Benhoff Insurance Agency. Benhoff Insurance Agency is a personal lines brokerage based in Breese, Illinois, and will continue operating under the WalkerHughes brand.
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February 26, 2026
- Buyer
- WalkerHughes Insurance
- Target
- Sacksteder Worland Insurance Agency
- Seller
- Joe Worland
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Buyout
WalkerHughes Insurance, a founder-led retail insurance brokerage headquartered in Indianapolis, announced its expansion into Ohio via the acquisition of Sacksteder Worland Insurance Agency, based in Tiffin, Ohio. The deal marks WalkerHughes’ fourth state of operation and will keep the Tiffin office serving local clients under the WalkerHughes brand, with the seller remaining actively involved.
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February 26, 2026
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Krose GmbH & Co KG
- Industry
- Insurance
- Location
- Germany
- Type
- Buyout
Arthur J. Gallagher & Co. announced it has acquired Bremen, Germany-based Krose GmbH & Co KG. Krose provides commercial insurance and reinsurance solutions, specializing in the design and placement of complex programs, and its risk professionals will be integrated into Gallagher’s European brokerage operations.
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February 19, 2026
- Buyer
- Arthur J. Gallagher & Co.
- Target
- B&W Insurance Agency, Inc.
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Buyout
Arthur J. Gallagher & Co. announced the acquisition of B&W Insurance Agency, Inc., a Washington, Pennsylvania-based insurance brokerage. The deal terms were not disclosed, and the B&W team will continue operating from its current location under Gallagher Select leadership.
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February 18, 2026
- Buyer
- Specialty Program Group LLC
- Target
- Logistiq Insurance Solutions
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Specialty Program Group LLC (SPG) acquired Logistiq Insurance Solutions and is integrating it with Anova Marine Insurance to create a unified Cargo & Logistics insurance platform under SPG Transportation. The deal expands SPG’s marine, domestic transportation, and risk-intelligence capabilities, combining automated underwriting, cargo theft/supply-chain security expertise, and broader distribution to serve freight forwarders, 3PLs, and motor carriers.
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February 18, 2026
- Buyer
- BayPine LP
- Target
- Relation Insurance Services
- Seller
- Aquiline Capital Partners LP
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
BayPine LP has entered into a definitive agreement to acquire Relation Insurance Services, a large independent U.S. insurance broker. Relation management—including CEO Tim Hall—will continue to lead the company as BayPine aims to accelerate technology-enabled growth and apply AI and other digital tools.
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February 17, 2026
- Buyer
- King Risk Partners
- Target
- Ten Eyck Group
- Industry
- Insurance
- Location
- New York, United States
- Type
- Addon
King Risk Partners has affiliated Albany-based Ten Eyck Group, an independent insurance agency with over 120 years of history, to deepen its presence across New York and the broader Northeast. The move — executed by the PE-backed King Risk Partners platform — is intended to expand local personal and commercial insurance offerings while preserving Ten Eyck Group's client-focused service model.
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February 13, 2026
- Buyer
- Enstar Group, Sixth Street
- Target
- AF Group
- Seller
- Blue Cross Blue Shield of Michigan
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Buyout
Blue Cross Blue Shield of Michigan entered into a definitive agreement to sell its wholly owned subsidiary AF Group to Enstar Group, a global insurance and reinsurance group backed by investment vehicles managed by Sixth Street. AF Group will become a wholly owned subsidiary of Enstar and is expected to continue operating largely as a standalone company from its Lansing headquarters, subject to regulatory approvals. The transaction is expected to close in the fourth quarter of 2026; financial terms were not disclosed.
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February 12, 2026
- Buyer
- King Risk Partners
- Target
- Hanc Group
- Industry
- Insurance
- Location
- Georgia, United States
- Type
- Addon
King Risk Partners, a leading U.S. insurance brokerage headquartered in Gainesville, Florida, has acquired Hanc Group, an Alpharetta, Georgia-based insurance agency serving individuals and businesses—particularly Georgia’s Korean community. The deal expands King Risk Partners’ presence across Georgia and adds local expertise in personal, commercial, and employee-benefit insurance offerings.
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February 12, 2026
- Buyer
- R.E. Chaix & Associates Insurance Brokers, LLC
- Target
- US Pro Insurance Services
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Buyout
R.E. Chaix & Associates has acquired US Pro Insurance Services to deepen its specialty lines capabilities, particularly in Cyber Liability, and expand market access for retail agents and brokers nationwide. The US Pro team will join R.E. Chaix and the combined business will operate under the R.E. Chaix & Associates name.
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- Buyer
- Inszone Insurance Services
- Target
- Scarbrough, Medlin & Associates, Inc.
- Industry
- Insurance
- Location
- Texas, United States
- Type
- Buyout
Inszone Insurance Services has acquired Scarbrough, Medlin & Associates, Inc., a Dallas/Plano-area commercial property insurance agency founded in 1981. The deal expands Inszone's presence in Texas and enhances its commercial property insurance capabilities while the Scarbrough Medlin team will remain in place.
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February 10, 2026
- Buyer
- Revau Advanced Underwriting Inc., Novacap
- Target
- Triad Oilfield Underwriters, LLC
- Industry
- Insurance
- Location
- United States
- Type
- Buyout
Revau Advanced Underwriting announced the acquisition of Houston-based Triad Oilfield Underwriters, an MGA and wholesale insurance brokerage focused on upstream oil & gas and marine risks. The deal expands Revau’s U.S. footprint and strengthens its specialty underwriting and placement capabilities, supporting Revau’s strategy to replicate its tech-enabled MGA model in the United States.
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February 9, 2026
- Buyer
- Arthur J. Gallagher & Co.
- Target
- 3D Advisors Inc.
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Buyout
Arthur J. Gallagher & Co. has acquired 3D Advisors, a Shelby Township, Michigan-based brokerage general agency that provides life insurance, annuity, and long-term care solutions for financial advisors. The acquisition is intended to expand Gallagher’s life, annuity and long-term care brokerage capabilities and deepen its employee benefits consulting and brokerage platform; terms were not disclosed.
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February 9, 2026
- Buyer
- Gauge Capital
- Target
- Affordable American Insurance (AAI)
- Industry
- Insurance
- Location
- Colorado, United States
- Type
- Recapitalization
Gauge Capital has made a strategic growth investment to recapitalize Affordable American Insurance (AAI), a tech-enabled property & casualty insurance agency network. The investment will provide growth capital to expand AAI's team and resources, accelerate organic expansion across its agency network, and pursue strategic acquisitions to scale the national platform.
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- Buyer
- Axis Insurance Managers Inc.
- Target
- Treasures Insurance Edmonton Inc.
- Industry
- Insurance
- Location
- Alberta, Canada
- Type
- Buyout
Axis Insurance Managers Inc. has acquired Treasures Insurance Edmonton Inc., strengthening Axis’s presence in Alberta and expanding its ability to deliver commercial and personal insurance and advisory services across Canada. As part of the transition, Chris Waye joined Axis as Senior Vice President, Corporate Development & Director Edmonton to support the firm’s Edmonton expansion.
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February 9, 2026
- Buyer
- Afore Insurance Services
- Target
- Myron K. Hobbs & Company, LLC
- Industry
- Insurance
- Location
- Kentucky, United States
- Type
- Addon
Afore Insurance Services has acquired Myron K. Hobbs & Company, LLC, marking Afore’s entry into Kentucky and establishing a new Louisville-area office. The acquisition brings group employee benefits capabilities and the Myron Hobbs team into Afore’s platform; financial terms were not disclosed.
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February 6, 2026
- Buyer
- Simplicity Group
- Target
- Source Brokerage, LLC
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Buyout
Simplicity Group, a holistic financial planning and advisor partner platform, has acquired Indianapolis-based Source Brokerage, a disability insurance specialist broker general agency (BGA). The acquisition expands Simplicity's national disability insurance (DI) capabilities and adds specialized institutional-market expertise (including GME and GSI programs), while Source Brokerage founder Steve Crowe joins Simplicity as a partner.
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February 6, 2026
- Buyer
- Onex Corporation, American International Group, Inc. (AIG)
- Target
- Convex Group Limited
- Industry
- Insurance
- Location
- United Kingdom
- Type
- Buyout
Onex Corporation completed its previously announced $7 billion acquisition of Convex Group Limited, making Convex a core platform for Onex alongside its private equity and credit strategies. American International Group (AIG) co-invested, taking about a 35% stake in Convex and subscribing for a 9.9% holding in Onex, alongside committing $2 billion to Onex-managed private equity and credit strategies over the next three years.
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- Buyer
- Onex Corporation, American International Group, Inc. (AIG)
- Target
- Convex Group, Convex Re Ltd.
- Industry
- Insurance
- Location
- Bermuda
- Type
- Buyout
Onex completed its acquisition of Convex Group and related ownership changes, which received regulatory approval as part of the transaction process. AIG also completed acquisitions of strategic minority ownership stakes alongside the Convex transaction.
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February 5, 2026
- Buyer
- Insurvia, BharCap Partners, LLC
- Target
- Pronto Insurance
- Industry
- Insurance
- Location
- Texas, United States
- Type
- Addon
BharCap Partners' portfolio company Insurvia has acquired Pronto Insurance, a Texas-based distributor and managing general agent (MGA) of personal lines insurance founded in 1997. The deal expands Insurvia's revenue and EBITDA, broadens its geographic presence (notably in Texas and California), and adds a complementary MGA capability to its platform; Pronto will continue to operate as a distinct brand.
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February 5, 2026
Radian Group Inc. completed its acquisition of Inigo Limited, a highly profitable Lloyd’s specialty insurer, for approximately $1.67 billion in an all-cash transaction. The deal expands Radian beyond its U.S. private mortgage insurance franchise into a global, diversified multi-line specialty insurance and reinsurance platform.
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February 3, 2026
- Buyer
- Gallagher Bassett, Arthur J. Gallagher & Co.
- Target
- Reck & Co. GmbH
- Industry
- Insurance
- Location
- Bremen, Germany
- Type
- Buyout
Gallagher Bassett, the claims and risk management subsidiary of Arthur J. Gallagher & Co., has acquired Reck & Co. GmbH, a Bremen-based specialist in marine and transport claims, surveying, and recovery services. The Reck & Co. team will remain in Bremen under existing leadership and will be integrated into Gallagher Bassett's Europe operations to deepen marine and transport claims capabilities across Europe; terms were not disclosed.
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February 2, 2026
- Buyer
- Marsh McLennan Agency (MMA)
- Target
- Robinson & Son, LLC
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
Marsh McLennan Agency (MMA), a business of Marsh, has acquired Robinson & Son, LLC, a Hudson Falls, New York-based insurance agency specializing in the maritime industry. All employees of Robinson & Son, including Co-Founder and Agency Principal James Robinson, will join MMA and continue to operate from their existing office; terms were not disclosed.
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February 2, 2026
- Buyer
- Navacord Corp.
- Target
- Acera Insurance Services Ltd., Acera Insurance Services Ltd. (Acera)
- Seller
- Clairvest Group Inc. (through Clairvest Equity Partners VI), Clairvest Equity Partners VI Limited Partnership
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Buyout
Navacord Corp. completed its previously announced merger with Acera Insurance Services Ltd., formally closing on February 2, 2026. Clairvest Group Inc. (and Clairvest Equity Partners VI) fully exited its investment in Acera as part of the transaction, receiving gross proceeds of approximately C$407 million (80% cash and 20% in a promissory note payable over 24 months).
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- Buyer
- Palomar Holdings, Inc.
- Target
- The Gray Casualty & Surety Company (Gray Surety)
- Seller
- BCP
- Industry
- Insurance
- Location
- Louisiana, United States
- Type
- Buyout
BCP announced the sale of The Gray Casualty & Surety Company (“Gray Surety”) to Palomar Holdings, Inc. (NASDAQ: PLMR). The agreement was approved by both companies’ boards and was expected to close in the first half of 2026; BCP later announced the sale has successfully closed.
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February 1, 2026
- Buyer
- Hilb Group
- Target
- Undisclosed South Carolina-based property and casualty and employee benefits agency
- Industry
- Insurance
- Location
- South Carolina, United States
- Type
- Addon
Hilb Group, a Carlyle-backed insurance brokerage, completed its 200th acquisition with the addition of an undisclosed South Carolina-based property & casualty and employee benefits agency effective February 1, 2026. The deal expands Hilb Group's Southeast footprint and enhances its full-service risk solution capabilities across property & casualty and employee benefits offerings.
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February 1, 2026
- Buyer
- Hilb Group, LLC
- Target
- Georgia-based surety bond agency
- Industry
- Insurance
- Location
- Georgia, United States
- Type
- Buyout
Hilb Group announced it acquired a surety bond agency based in Georgia. The acquisition took effect February 1, 2026, expanding Hilb Group’s bonding offerings and growing its Southeast presence and surety/surety offerings.
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January 30, 2026
- Buyer
- Senior Market Sales, Alliant Insurance Services
- Target
- Fair Square Medicare
- Industry
- Insurance
- Location
- California, United States
- Type
- Buyout
Senior Market Sales (SMS), an Omaha-based insurance marketing organization and member of the Alliant Insurance Services family, has acquired Fair Square Medicare, a technology-driven Medicare care navigator platform. The acquisition is intended to expand SMS' digital capabilities, leverage Fair Square's proprietary enrollment and member-engagement software, and scale the platform nationally through SMS/Alliant distribution and carrier relationships.
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January 30, 2026
- Buyer
- WTW (Willis Towers Watson)
- Target
- Newfront (Newfront Insurance Holdings, Inc.)
- Industry
- Insurance
- Location
- California, United States
- Type
- Buyout
WTW has completed its previously announced acquisition of Newfront, a San Francisco-based, technology-enabled insurance brokerage. The deal brings Newfront into WTW’s platform and integrates its Business Insurance and Total Rewards segments into WTW’s Risk & Broking and Health, Wealth & Career units, respectively.
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January 29, 2026
- Buyer
- Integrated Specialty Coverages (ISC)
- Target
- Specialty Brokerage Services (SBS)
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Buyout
Integrated Specialty Coverages (ISC), a California-based multi-line program administrator, has acquired Specialty Brokerage Services (SBS), an Ohio-based wholesale brokerage. The acquisition expands ISC's personal and commercial wholesale capabilities, deepens carrier relationships, and accelerates ISC's plan to scale a nationwide wholesale insurance platform.
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January 27, 2026
- Buyer
- Axis Insurance
- Target
- Edgewater Financial Group, Kearns Edgewater Financial Services, Group benefits portfolio of Kearns Insurance Corporation
- Seller
- Kearns Insurance Corporation
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Buyout
Vancouver-based Axis Insurance has acquired Edgewater Financial Group and Kearns Edgewater Financial Services and purchased the group benefits portfolio from Kearns Insurance Corporation. The moves expand Axis’s national life, benefits and wealth capabilities and bring senior hires — Scott Beckett and John Stoneman — into Axis’s benefits and wealth practice.
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- Buyer
- WalkerHughes Insurance
- Target
- Inman Insurance Agency, Clark Insurance Agency
- Seller
- Keith Inman, Mary Clark
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Buyout
WalkerHughes Insurance, a privately held retail insurance brokerage headquartered in Indianapolis, acquired Inman Insurance Agency in Salem, Missouri and Clark Insurance Agency in Ballwin, Missouri. The deals expand WalkerHughes’ Missouri footprint, increasing market density across south-central communities and the St. Louis metropolitan area.
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January 23, 2026
- Buyer
- EPIC Insurance Brokers & Consultants
- Target
- The Bond Exchange
- Industry
- Insurance
- Location
- California, United States
- Type
- Buyout
EPIC Insurance Brokers & Consultants has acquired The Bond Exchange, a Mission Viejo, California-based surety bond agency, to bolster EPIC's national surety practice and expand underwriting and brokerage capabilities. The deal brings The Bond Exchange leadership and its Bond 911 issuance platform into EPIC to support larger, more complex bonding programs while streamlining issuance for smaller bond needs.
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January 19, 2026
- Buyer
- Clear Group
- Target
- Shire Insurance Services Limited
- Seller
- Keith Dickinson
- Industry
- Insurance
- Location
- Warwickshire, United Kingdom
- Type
- Buyout
Clear Group has acquired Shire Insurance Services Limited (SIS), a specialist UK insurance broker focused on the veterinary sector. The Alcester-based firm (founded 1981) employs ~15 people and will remain led by majority shareholder Keith Dickinson, with the deal adding veterinary expertise to Clear's UK Retail pillar.
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January 15, 2026
- Buyer
- Trucordia
- Target
- Florida Insurance
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has added Florida Insurance, a Dunedin, Florida-based insurance agency, to its growing network. Financial terms were not disclosed; Florida Insurance will continue day-to-day client service while gaining access to Trucordia's resources and support.
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- Buyer
- ALKEME Insurance
- Target
- Merritt Hall, Couch Braunsdorf Insurance Group, JXX Insurance Agency, Bellwether, Health Connect Insurance Agency
- Industry
- Insurance
- Location
- United States
- Type
- Buyout
ALKEME Insurance acquired five independent agencies — Merritt Hall, Couch Braunsdorf Insurance Group, JXX Insurance Agency, Bellwether, and Health Connect Insurance Agency — to deepen property & casualty capabilities and expand employee benefits offerings across Indiana, New Jersey, California and Florida. The deals accelerate ALKEME's national expansion strategy by adding regional expertise while preserving local teams and client relationships.
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January 15, 2026
- Buyer
- Gryphon Holdings LLC
- Target
- PrimeOne Insurance Company
- Industry
- Insurance
- Location
- Arizona, United States
- Type
- Buyout
Gryphon Holdings LLC has entered into a definitive agreement to acquire PrimeOne Insurance Company, a privately held specialty commercial lines insurer. The deal is intended to expand Gryphon’s integrated insurance and reinsurance platform, with PrimeOne expected to operate as a core underwriting platform within Gryphon. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.
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January 13, 2026
- Buyer
- United Risk Global
- Target
- DUAL North America Crisis Management program and underwriting team, First Product Protection (rebranded unit)
- Seller
- DUAL North America
- Industry
- Insurance
- Location
- New York, United States
- Type
- Buyout
United Risk Global, an Applied Underwriters-affiliated specialty insurance platform, has signed an agreement to acquire DUAL North America’s crisis management program and underwriting team. The acquired unit will be rebranded as First Product Protection and operate as a standalone division within United Risk, expanding United Risk’s product recall and contaminated products coverage.
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January 13, 2026
- Buyer
- The Baldwin Group, MSI (Millennial Specialty Insurance, LLC)
- Target
- Creisoft, Inc. and its subsidiaries (collectively, Obie)
- Industry
- Insurance
- Location
- United States
- Type
- Buyout
The Baldwin Group has completed its acquisition of Creisoft, Inc. and its subsidiaries, collectively known as Obie, an embedded insurance distribution platform for landlords and real estate investors. The deal expands Baldwin’s property distribution network and strengthens MSI’s (Millennial Specialty Insurance) embedded insurance capabilities in the real estate investor market.
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January 8, 2026
- Buyer
- Integrity Marketing Group, LLC
- Target
- AIMCOR Group, LLC
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Buyout
Integrity Marketing Group (Integrity) has acquired AIMCOR Group, a national insurance distribution organization based in Malvern, Pennsylvania. AIMCOR’s leadership and owners will remain with the business and become owners in Integrity as the companies integrate AIMCOR’s BGA-focused distribution, services and technology into Integrity’s life, health and wealth platform.
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January 8, 2026
- Buyer
- Jewelers Mutual Group, JM Insurance Agency Partners
- Target
- EventGuard
- Seller
- Indemn
- Industry
- Insurance
- Location
- New York, United States
- Type
- Divestiture
Jewelers Mutual Group has acquired EventGuard, an event and wedding insurance program that previously operated as a division of Indemn. JM Insurance Agency Partners will operate the program through carrier Markel Group Inc., enabling Jewelers Mutual to expand its insurtech capabilities and offer event liability and cancellation coverage.
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Frequently Asked Questions
What types of buyers are active in insurance acquisitions?
Strategic acquirers include national brokers and specialty underwriters (e.g., Arthur J. Gallagher & Co., Specialty Program Group) and regional roll‑up platforms backed by private equity (e.g., King Risk Partners). Private‑equity and growth investors such as Gauge Capital also appear as recapitalization partners for tech‑enabled agency platforms.
Which geographies are showing deal activity?
Most recent transactions are in the United States, with activity noted in states such as Georgia, New York, Pennsylvania, Texas, Michigan and Montana. There is also cross‑border activity in Europe, including a majority investment in Germany (Rhineland‑Palatinate).
What capabilities are buyers typically seeking?
Buyers are acquiring local distribution and scale, specialty underwriting capacity (marine, cargo, energy, short‑term rental), cyber and other specialty lines, and tech‑enabled services such as claims verification and MGA platforms.
How are acquired agencies usually integrated post‑deal?
Many transactions preserve local leadership and client service models while integrating back‑office resources or specialist platforms. Examples include acquired teams remaining in place at B&W Insurance Agency and Lewis Insurance, and integrations that combine capabilities into unified specialty platforms (e.g., SPG’s cargo & logistics integration).