Insurance Acquisitions in 2025

J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.

Inszone Insurance Services, a Sacramento-based full-service insurance broker, has acquired Pikes Peak Insurance Agency of Falcon, Colorado. The deal expands Inszone's Colorado presence and brings the locally trusted personal and commercial-lines agency and its founder Chris Wood into Inszone's national platform, with Wood remaining on-site to support continuity for clients.

Inszone Insurance Services has acquired Sample Insurance Group, LLC, an independent insurance agency headquartered in Monument, Colorado. The deal expands Inszone's presence in Colorado and gives Sample Insurance Group access to Inszone's broader carrier relationships, technology and resources while the Sample team remains in place.

Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Shahinian Insurance Services, Inc., a California-based specialty agency founded in 1974 known for event liability, vendor programs and a long-standing risk purchasing group. Shahinian will continue operating under its existing team while gaining Inszone's national platform, carrier access and operational resources to support continued growth.

Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Northern Insurance Group, Ltd., a long-established independent agency based in Illinois. Northern Insurance will continue to operate in place and will be supported by Inszone’s broader platform, carrier access, and technology to support continued growth.

Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Mark V. Williamson Co., Inc. (Williamson Insurance), an independent agency based in Little Rock, Arkansas. The deal expands Inszone’s presence in Arkansas and provides Williamson Insurance with additional resources, technology and carrier relationships while preserving the local team.

Inszone Insurance Services has acquired Voyage Benefits, LLC, a Grand Rapids, Michigan-based health and life insurance agency led by Kelly Syren. The acquisition expands Inszone's benefits capabilities and presence in Michigan while Voyage Benefits will continue operating from its Grand Rapids location with access to Inszone's carrier relationships and resources.

Warner Pacific, a national general agency backed by Lovell Minnick Partners, has completed the acquisition of Local Insurance Advisors (LIA), an Oklahoma-based Medicare and individual health insurance advisory firm. The deal expands Warner Pacific's Midwest footprint and enhances its Medicare and individual health insurance distribution capabilities, with LIA co-owners joining Warner Pacific as Regional Vice Presidents.

IK Partners’ Small Cap IV fund has acquired a majority stake in Ascora Group in a management buyout that supports founder Stéphane Henry’s succession. The deal strengthens Ascora’s buy-and-build strategy across France—particularly in Real Estate and Property & Casualty—while enabling CEO Bruno Deschamps and the management team to increase their ownership and accelerate investments in sales and digital tools.

Peloton Capital Management has made a strategic minority investment in Starfish Specialty Insurance, a New York–based managing general agent (MGA). The capital will support Starfish’s rapid scaling plans and position the company to pursue strategic acquisitions while keeping the founding team as significant stakeholders.

NFP, an Aon company, has acquired Alan J. Zuccari, Inc. dba Hamilton Insurance Agency, a Fairfax, Virginia-based insurance brokerage specializing in senior living and long-term care. The deal brings Hamilton's risk management, integrated benefits administration technology (BeneLink Connect) and Electronic Risk Management Assistant into NFP's platform to expand capabilities for senior housing and long-term care clients.

Trucordia, a top-20 U.S. insurance brokerage based in Lindon, Utah, has acquired Global Financial & Insurance Services, an Irving, Texas-based insurance and financial services firm. The deal expands Trucordia's national insurance platform and adds localized insurance, risk-management and financial planning capabilities across multiple U.S. markets.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired Global Financial & Insurance Services, an Irving, Texas-based insurance and financial services firm. The deal expands Trucordia's nationwide insurance platform, adding local presence in the Dallas–Fort Worth area and access to Global Financial's personal, commercial and specialty industry insurance capabilities.

Jordan Partners LLC has made a strategic growth investment in Vanguard Claims Administration, a family-owned third-party administrator (TPA) and independent adjusting platform serving property and casualty insurance markets. The capital will support Vanguard’s investments in technology, data/reporting, client infrastructure and a disciplined tuck-in acquisition strategy while preserving founder-led culture and client relationships.

LNC Partners, a middle-market private equity firm, has completed a strategic growth investment in Bennie Health, a New York–based employee benefits broker and HR-focused technology platform. The capital will be used to accelerate Bennie's growth, expand its employee-facing technology, and support strategic M&A initiatives.

SIB Corp. (StoneRidge Insurance Brokers), a PE-backed Canadian insurance brokerage platform, has acquired Coreservice Insurance Brokers Inc., a North York, Ontario-based full-service brokerage. Founders Kevin Choi and Halim Lee will remain in leadership during a gradual transition as SIB expands its footprint in the Greater Toronto Area to strengthen personal and commercial lines capabilities.

Marsh McLennan Agency (MMA) has acquired three Honolulu-based brokerages — Atlas Insurance Agency, Pyramid Insurance Centre, and IC International — from Tradewind Group. The brokerages and their employees will join MMA and continue operating locally as the firm expands its presence and capabilities across Hawai‘i; financial terms were not disclosed.

EPIC Insurance Brokers & Consultants has acquired Sentry Transportation's direct writing operation, a carve-out from Sentry Insurance that brings more than 500 transportation clients and the associated team. The acquired operation and team will join EPIC's Interstate Motor Carriers business, strengthening EPIC's national Transportation & Logistics practice and trucking insurance capabilities.

Amynta Group has completed the acquisition of Global Surety, LLC, International Sureties Limited and International Sureties SARL (collectively “International Sureties”), a specialty surety broker offering admiralty, court, bankruptcy, logistics and license & permit bonds. The deal expands Amynta’s surety brokerage capabilities and strengthens its specialty surety distribution within its broader insurance services platform.

King Risk Partners, a national insurance brokerage headquartered in Gainesville, Florida, has acquired Arnold Insurance Agency, an independent insurance firm based in Reynoldsburg, Ohio. The deal expands King Risk Partners' Midwest footprint and enhances its local capabilities in construction, small business, personal insurance, risk management, and surety bond services.

King Risk Partners, a Gainesville, Florida-based insurance brokerage, has acquired Stewart Agency, an independent insurance firm with locations in Elmira and Corning, New York. The deal expands King Risk Partners' presence in New York and strengthens its personal and business insurance offerings in the region.

The Hilb Group, a Carlyle-backed insurance brokerage based in Richmond, Virginia, has acquired a Michigan-based property and casualty agency effective December 1, 2025. The acquisition expands Hilb Group's property and casualty footprint across the Midwest as part of its ongoing roll-up strategy.

Confie, operating its InsureOne platform, has acquired Houston-based TGS Insurance Agency to accelerate InsureOne's national expansion in standard personal lines and small commercial insurance. The deal adds more than 130 insurance professionals to Confie and will expand scale in high-growth markets including Texas, Florida, and Louisiana; financial terms were not disclosed.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired Charles River Insurance, an independent insurance agency based in Framingham, Massachusetts with an additional office in Leominster. The acquisition strengthens Trucordia's presence in New England and expands its local personal and commercial lines capabilities.

King Risk Partners has acquired Acacia Insurance, an independent insurance agency headquartered in Waltham, Massachusetts, to expand its presence in the New England market. The deal adds Acacia's personal and commercial lines expertise and local client relationships to King Risk's platform to accelerate regional growth and broaden service offerings.

Cathay Capital has completed the sale of its approximately 5% minority stake in the Diot-Siaci Group, closing the ownership restructuring that was announced earlier in 2025. The buyer for Cathay's stake was not disclosed in the announcement; the group's shareholder base includes the Burrus Group and management as majority holders and institutional investors such as Ontario Teachers', Bpifrance and Mubadala, with Ardian named as a lead investor in the broader ownership reorganisation.

King Risk Partners has acquired Stuart Surles Insurance, an independent agency based in Angier, North Carolina, expanding King Risk's footprint in the state. The acquisition strengthens King Risk's farm and crop insurance capabilities while preserving Stuart Surles Insurance's local, relationship-driven service model.

NMS Capital Group, the Saliba family office-backed private equity firm, has acquired Get Cover Technologies, the parent company of Get Cover, a Los Angeles-based insurtech that provides cloud-based warranty and service contract solutions. The deal positions NMS to expand its presence in technology-enabled insurance while enabling Get Cover to scale its platform across B2B, B2C and education channels and accelerate product rollout and customer growth.

Austin-based insurance platform Equal Parts announced the acquisition of Blue Star Insurance Agency, a local brokerage in Belen, New Mexico. The deal — executed as part of Equal Parts' roll-up strategy and shortly after Strategic Insurance joined the Equal Parts platform — expands the platform's New Mexico footprint and supports Strategic Insurance's local growth efforts.

H.I.G. Capital, through one of its affiliates, has made a strategic investment in Rely Home, a nationwide home warranty provider. Rely’s founder Victor Hakim and senior management will continue to lead the business and retain a significant ownership stake; the investment will support Rely’s expansion, technology enhancements, and improvements to the customer and technician experience.

Amynta Group’s subsidiary First Nonprofit Companies, Inc. (FNP) has acquired Nonprofit Services Insurance Agency, Inc. (NPS), a Longview, Washington-based provider of captive management unemployment insurance solutions for nonprofit organizations. Terms were not disclosed; NPS founders Dennis Costa and Mark Hanson will remain with the business as it integrates into FNP to expand and diversify FNP’s nonprofit unemployment insurance offerings.

Alliant Insurance Services has acquired Highpoint Insurance Group, a multi-line broker based in Friendswood, Texas. Highpoint’s 44 employees will operate as Alliant as the transaction expands Alliant’s footprint in the Greater Houston market and strengthens capabilities in commercial and personal lines as well as employee benefits, with growth opportunities in oil & gas and construction/surety.

Align Capital Partners (ACP) completed a growth capital investment in Advantage Investigations, a national insurance investigative services platform, with CEO Shelly Kummings remaining in place. The partnership will support Advantage's national expansion, technology and AI investments, and continued M&A activity to expand its insurance services offerings.

Keyes Coverage, a Florida-based insurance broker and Keystone platform partner, has acquired Filer Insurance, a Miami insurance agency founded in 1919. The acquisition expands Keyes Coverage's presence in South Florida and brings Filer's legacy client relationships and local expertise into the Keyes/Keystone network.

TWFG, a national independent insurance distribution platform headquartered in The Woodlands, Texas, has acquired Alabama Insurance Agency, Inc. and its network of 20 affiliated offices across Alabama. The deal expands TWFG's presence in the Southeastern United States and gives the agency access to broader carrier relationships, technology resources, and the national platform's distribution capabilities.

Senior Market Sales (SMS), an Omaha-based field marketing organization, has acquired Austin-based Abt Insurance Agency to expand its national Medicare insurance distribution. The deal will provide Abt with additional resources and allow SMS to broaden its health and wealth distribution network and digital lead-generation capabilities for serving seniors.

Ambac Financial Group has completed its acquisition of ArmadaCare, a supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will operate as a wholly owned subsidiary of Ambac with its existing leadership team retained, bolstering Ambac’s accident and health capabilities and distribution footprint.

Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Joel Rieth Insurance Agency, Inc., d/b/a Complete Coverage Insurance Agency, expanding its presence in Colorado. The agency’s team will remain in place and will receive Inszone’s back-office support and expanded carrier access to support continued growth.

Philadelphia Insurance Companies (PHLY) has acquired the Collector Vehicle Division from Ignyte Insurance in a transaction valued at $615 million. The deal brings four established brands—American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic—into PHLY, adding more than 250 employees and strengthening PHLY's specialty collector vehicle insurance capabilities while allowing Ignyte (a Carlyle-backed platform) to focus on its direct-to-consumer and embedded insurance strategy.

DOXA, a specialty insurance platform based in Fort Wayne, Indiana, has acquired American Hole ‘n One (AHNO), a Buford, Georgia–based provider of hole-in-one and prize indemnity insurance. The deal brings AHNO’s nearly 40 years of prize indemnity and event-promotion capabilities into DOXA’s Consumer Vertical to expand DOXA’s prize indemnity and event promotions insurance offerings.

Argosy Healthcare Partners completed a recapitalization and partnership with Integrated Solutions for Benefits and Insurance Services (IS Benefits), a Hooksett, New Hampshire–based stop-loss and employee benefits consulting firm. The investment will support IS Benefits' technology investments, geographic expansion, and scaled delivery of stop-loss underwriting, specialty drug management, and claims auditing services.

Marsh McLennan Agency (MMA) has acquired Hayden Wood Insurance Agency Inc., an independent personal-lines agency based in Southborough, Massachusetts. Terms were not disclosed; all employees, including President and owner Morgan Duffy, will join MMA and continue to operate from the existing Southborough office. The acquisition expands MMA's private client capabilities with Hayden Wood's specialty in collector auto and motorsports insurance.

Hilb Group, a Carlyle-backed property & casualty and employee benefits broker, acquired a Rhode Island–based property and casualty agency (OceanPoint Insurance) effective November 1, 2025. The acquisition expands Hilb Group’s New England presence and adds a personal-lines-focused book of business to its regional portfolio.

Hilb Group announced the acquisition of a New Jersey-based property and casualty business, effective November 1, 2025, to expand its footprint in the Tri‑State region. Hilb Group is a portfolio company of The Carlyle Group and continues to grow through strategic add-on acquisitions.

Inszone Insurance Services has acquired Western Republic Insurance Services, a family-owned insurance agency based in Huntington Beach, California. The deal expands Inszone's presence in Southern California and brings Western Republic's contractor-focused commercial insurance book and team into Inszone's national brokerage platform.

ALKEME Insurance, a national insurance brokerage based in Ladera Ranch, California, has acquired USA Health Insurance, a Woodstock, Georgia agency specializing in personal health, Medicare, and national group benefits. The deal expands ALKEME's health benefits capabilities and adds experienced advisors to its growing national platform.

Alliant Insurance Services has acquired McAfee Insurance Agency in Mercedes, Texas to expand its transportation specialty platform and cross-border risk capabilities in South and East Texas. The firm also hired senior specialists Nader Dabboussi and Jordan Lewis to support its cross-border transportation strategy and deepen service offerings for trucking and transportation clients.

Arthur J. Gallagher & Co. acquired Rochester Hills, Michigan-based Strategic Services Group, Inc., an employee benefits consulting firm. The deal expands Gallagher's employee health benefits consulting capabilities in Michigan and the Midwest; terms were not disclosed and the existing SSG team will remain in place.

Alliant Insurance Services has acquired Texas Insurance Agency in Laredo and McAfee Insurance Agency in Mabank as part of its expansion of the Alliant Transportation specialty platform in Texas. The transactions strengthen Alliant's cross-border trucking and transportation risk capabilities and expand its footprint across South and East Texas.

Lee Equity Partners led a $1.6 billion recapitalization of McLarens Global Limited, with participation from several institutional investors, giving existing shareholders the option of partial liquidity while providing McLarens significant new growth capital. McLarens is a global provider of technical insurance claims and risk consulting services with roughly 1,600 experts across a broad international footprint; the capital will support continued geographic expansion and capability build-out.