Insurance Acquisitions in California

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.

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.

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.

Protective Life Corporation (a U.S. subsidiary of Dai-ichi Life Holdings) completed the acquisition of Portfolio Holding, Inc. and its subsidiaries from Abry Partners. The deal expands Protective Asset Protection’s finance & insurance (F&I) and dealer wealth solutions across automotive, RV, powersports and marine sectors, and adds Portfolio’s national distribution network and approximately 450 employees.

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.

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.

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.

Renaissance, a network of independent insurance agencies, has acquired the agency network business of Evolution Partners, a California-based membership group that helps independent agencies secure direct carrier appointments. The deal gives Evolution Partners' members access to Renaissance's market access, placement services, technology and service resources; Navion Insurance Associates, the flagship agency of Evolution Partners, will be the first to adopt the Renaissance platform.

COVU, an AI-native insurance servicing platform, has acquired Aduna Insurance Agency of Norwalk, California as its seventh acquisition. The deal integrates Aduna's predominantly Hispanic personal-lines book into COVU's platform to preserve continuity for customers and transition policies ahead of Nationwide non-renewals.

Great American Insurance Group has acquired Radion Health, a managing general underwriter (MGU) specializing in medical stop-loss coverage for small and midsize employers. Radion will continue operating under its existing leadership and will be rebranded as Great American Employer Health Solutions to expand Great American's specialty employer health benefits offering.

Inszone Insurance Services, a Sacramento-based full-service brokerage, has acquired Beasy Insurance Services, a personal-lines insurance agency founded by Wendy Beasy in 2002. The acquisition strengthens Inszone's personal lines capabilities and provides Beasy's clients with greater carrier access, capacity and operational resources while preserving client-focused service.

Inszone Insurance Services has acquired McFarland Commercial Insurance Services, Inc., a Redding, California-based commercial insurance agency, to expand Inszone’s presence in Northern California. The sale was driven in part by owner Dave McFarland’s decision to retire and aims to provide continuity for employees and clients while adding contractor-focused commercial insurance capabilities to Inszone’s platform.

COVU, an AI-native insurance servicing platform, has acquired Mitchell Insurance Agency, a family-owned Roseville, California agency. The deal is COVU’s sixth acquisition under its Rolling Thunder campaign and will expand COVU’s California footprint while integrating Mitchell’s personal and commercial lines book and carrier relationships into COVU’s platform.

OceanAir Federal Credit Union, headquartered in Oxnard, California, has acquired Larson Insurance Agency, LLC, an insurance agency based in Ventura, California. Capstone Strategic advised OceanAir on the transaction as the credit union expands its CUSO insurance capabilities in the property and casualty market to better serve members.

ALKEME, a Top 35 insurance brokerage, has acquired Icon Benefits and Insurance Services, a Yorba Linda-based provider of employee benefits and insurance solutions. The deal expands ALKEME's presence in Southern California and strengthens its capabilities to serve employer and individual clients with enhanced resources and technology.

COVU, an AI-native insurance servicing platform based in San Francisco, acquired California-based Leland Insurance Services, a high-retention independent P&C agency led by Richard Herscowitz. The deal — COVU's fifth agency acquisition — expands the platform's presence across California and integrates Leland's stable personal and commercial book into COVU's AI-supported operating model.

The Baldwin Group’s indirect subsidiary, Westwood Insurance Agency, completed the acquisition of the homebuilder distribution network previously owned and operated by Hippo Holdings, Inc. The transaction was reported by industry outlets at roughly $100 million and is intended to expand Baldwin/Westwood’s builder-distribution capabilities and commercial relationships with Hippo.

ERGO Group AG, part of Munich Re Group, has completed the full acquisition of NEXT Insurance, embedding the digital insurer within ERGO's management structure. The transaction, announced at a $2.6 billion valuation for 100% of NEXT Insurance, gives ERGO/Munich Re a direct foothold in the U.S. small-business P&C insurance market and combines NEXT's tech-driven underwriting platform with ERGO's insurance expertise.

Relation Insurance Services, a Chicago-based insurance brokerage backed by Aquiline Capital Partners, has acquired Albert G. Ruben, a specialist entertainment risk management and insurance firm serving film studios, production companies, Broadway and multinational clients. The Albert G. Ruben name and team will be retained as Relation expands its entertainment-focused capabilities and client offering.

COVU, an AI-native insurance servicing platform, has acquired Lords Insurance Agency, a Southern California independent agency with a 40+ year history serving local families and businesses. The deal expands COVU's footprint in California and integrates Lords' strong local relationships—particularly within the Vietnamese community—into COVU's technology-enabled servicing model.

Inszone Insurance Services has acquired Boelzner & Associates Insurance Services Inc., a California-based benefits-focused agency founded in 1993. The acquisition strengthens Inszone’s employee benefits division and expands its Medicare, health and life insurance capabilities for small-group, large-group and individual clients.

Aquiline Capital Partners has launched Avondale Risk, a national platform to consolidate boutique third-party administrators (TPAs) and managed care providers. Concurrent with the platform launch, California firms Intercare, InterMed, and George Hills have joined Avondale Risk; Aquiline will provide strategic capital, technology and shared operational resources, and Lowell Hays was named CEO.

OCA, a family-owned national third-party administrator, has acquired Employer Driven Insurance Services (EDIS), a California-based TPA specializing in self-funded and pre-tax administrative services. Stacy Morris will remain EDIS President and employees will retain current roles as OCA integrates EDIS to expand capabilities, modernize systems, and broaden geographic reach.

COVU, an AI-native services platform for insurance agencies, has acquired CIII Insurance Services, a boutique California agency known for premium commercial and personal P&C clients. The deal expands COVU's platform capabilities and provides CIII with access to COVU's remote-first, AI-powered operations to scale, modernize, or enable an orderly exit for agency owners.

Heffernan Insurance Brokers has acquired Pac Global Insurance Brokerage, bringing Pac Global’s marine cargo insurance expertise into Heffernan’s specialty practice effective April 1, 2025. The acquisition expands Heffernan’s capabilities serving freight forwarders, customs brokers, and import/export operations by adding tailored marine cargo coverage and claims support.

Hub International Limited acquired the assets of Malloy Imrie & Vasconi Insurance Services, LLC (MIV Insurance), an independent insurance firm based in Napa Valley, California, with offices in Saint Helena and Napa. The deal expands Hub's commercial, employee benefits and high-net-worth personal insurance capabilities—particularly in agribusiness and the wine industry—and the MIV Insurance team will join Hub Central & Northern California; terms were not disclosed.

Amwins has acquired Community Association Insurance Solutions (CAIS), a Managing General Agent and program administrator focused on insurance for homeowners' associations, condominiums, townhomes and PUDs. CAIS will continue operating as part of Amwins Underwriting, bringing its MGAlive technology platform and niche community-association insurance products to expand Amwins' specialty offerings.

Trucordia has acquired the insurance business of Boater's Insurance Agency, a San Francisco Bay Area firm founded in 1989 that specializes in marine insurance and is licensed in 50 states. The deal strengthens Trucordia's capabilities in the marine insurance vertical as part of its broader growth strategy to expand specialized offerings across its national brokerage platform.

World Insurance Associates LLC acquired the business of Royalty Insurance Services (Van Nuys, CA) effective January 1, 2025; terms were not disclosed. Royalty is a small specialty commercial trucking insurance brokerage with more than two decades of industry experience; MarshBerry advised World and Fennemore Law provided legal counsel to Royalty.

Arthur J. Gallagher & Co. has acquired Murray Gardner Insurance Agency Inc., dba BMR Insurance, a Tustin, California-based retail insurance agency serving commercial and personal lines across Southern California. The deal will integrate BMR into Gallagher’s Southwest retail brokerage operations to expand its retail brokerage capabilities in the region; terms were not disclosed.

Inszone Insurance Services, a Sacramento-based insurance brokerage, has acquired Get Benefits Insurance Services, a Ventura County agency founded in 2007. The deal expands Inszone’s presence in California and strengthens its group benefits and multi-line insurance capabilities.

Alliant Insurance Services has acquired Union First, a specialized benefits consulting and third‑party administrator serving public safety labor associations (police, firefighters and deputy sheriffs). Union First will join Alliant’s Employee Benefits Group – West Region to expand Alliant’s benefits and trust administration capabilities for first responders; financial terms were not disclosed.

FTV Capital has made a significant growth equity investment in Arden Insurance Services, a tech-enabled managing general agent (MGA) focused on insurance for residential condominium associations. The capital will be used to expand Arden's geographic footprint, recruit talent, and deepen its proprietary technology and machine-learning underwriting capabilities.

Inszone Insurance Services has acquired Modern Employee Benefits Organization (MEBO) Health & Benefits, a California-based employee benefits agency founded by Jay Torres. The deal expands Inszone's employee benefits capabilities on the West Coast and brings MEBO's high-tech, high-touch benefits expertise into Inszone's platform.

Centana Growth Partners led an initial investment exceeding $60 million to acquire a majority stake in insurtech platform First Connect Insurance Services (formerly an indirect wholly-owned subsidiary of Hippo Holdings Inc.). Participating investors include Pruven Capital, Cota Capital, and Cross Creek; the funding will be used to accelerate product development, expand market penetration, and scale the platform serving independent insurance agents.

Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Springbrook Insurance Agency of San Diego, California. The acquisition strengthens Inszone's Southern California presence and ensures continuity for Springbrook clients as founder Russ Lail retires and existing leaders remain with the business.

Inszone Insurance Services has acquired Nugent Insurance Brokers, LLC, a three-generation insurance agency based in Chico, California. The deal expands Inszone's regional footprint and capabilities—allowing Nugent clients access to Inszone's broader carrier network and enabling expansion into personal lines and additional insurance offerings.

Arthur J. Gallagher & Co. (Gallagher) acquired American Matar International, Inc., dba Statewide Commercial Insurance Brokers, a California-based retail property/casualty agency specializing in insurance for construction contractors. The team led by Lana Matar will remain in place and operate under Gallagher’s Southwest region retail property/casualty brokerage leadership to augment Gallagher’s capabilities in Southern California.

Hub International Limited has acquired the retail insurance brokerage business of Western Growers Insurance Services (WGIS). The deal brings WGIS' 10 offices and agribusiness-focused insurance, employee benefits and risk management capabilities into Hub's Central & Northern California platform; terms were not disclosed.

Centro Benefits Research has acquired EOI Service Company, a benefits communication and enrollment firm headquartered in Anaheim, California. The acquisition expands Centro's platform capabilities by adding advanced benefits communication and employee engagement solutions to its API-driven rating and quoting technology.

Inszone Insurance Services has acquired Anixter & Oser, an independent insurance agency serving the San Francisco Bay Area, to expand its footprint and capabilities in the region. The transaction brings Anixter & Oser's experienced team and client relationships into Inszone's national brokerage platform; MarshBerry served as exclusive advisor to Anixter & Oser and Peter Oser (the agency owner) led the seller-side transition.

Inszone Insurance Services has acquired MG Insurance Services, a Bay Area agency specializing in personal lines and contractor insurance, as the agency owner Audrey Gondoli moves toward retirement. The deal expands Inszone's contractor insurance footprint in the San Francisco Bay Area and brings MG Insurance clients access to Inszone's broader carrier network and resources.

Inszone Insurance Services, a Sacramento-based insurance brokerage, has acquired Schmoekel Insurance Agency, Inc., a family-run independent agency founded in 1948. The deal expands Inszone's regional presence and gives Schmoekel's clients access to Inszone's broader carrier network and resources while preserving the agency's legacy and team.

Inszone Insurance Services has acquired Dan Davis Insurance Solutions, a boutique agency specializing in homeowners association (HOA) insurance, to expand its HOA-focused offerings and leverage Inszone’s carrier network and back-office capabilities. The deal will allow Dan Davis’s clients to access Inszone’s broader infrastructure while Inszone deepens its capabilities in the community association insurance niche.

Title Resources Group (TRG) has acquired Doma Holdings, Inc., taking Doma private and making Doma Title Insurance (DTI) a wholly owned subsidiary of TRG. Doma’s technology arm (renamed Doma Technology LLC) will operate as a separately capitalized sister company majority‑owned by Centerbridge Partners, with Hudson Structured Capital Management holding a significant stake and LENX (Lennar’s investment arm) becoming a minority owner in TRG.

Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired ISU Francis-Pinney Insurance Services, Inc., expanding Inszone's footprint in California. The deal will provide ISU Francis-Pinney clients access to Inszone's broader carrier relationships, back-office support, and specialist teams to enhance service offerings.

Inszone Insurance Services, a Sacramento-area full-service insurance brokerage, has acquired First West Insurance Agency, an independent agency serving Huntington Beach and Fountain Valley since 1968. The deal expands Inszone’s California footprint and gives First West access to a broader carrier panel and enhanced back-office resources while owners Phil and Kristen Shearer transition toward retirement.

Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Telerate Insurance Services, a long-standing independent insurance agency originally based in San Mateo, California. The deal will give Telerate clients access to Inszone's broader carrier options, back-office capabilities and specialized services while facilitating succession for Telerate's retiring partners.

Inszone Insurance Services has acquired Beswick Insurance, a long-standing community insurance agency in Antioch, California, from owner Teri Anello. The deal expands Inszone’s local footprint and gives Beswick clients access to a broader range of insurance products and resources while preserving the agency’s personalized service.

Moody's Corporation has acquired Praedicat, a provider of casualty and liability risk analytics, expanding Moody's insurance risk modeling capabilities. Terms were not disclosed; Moody's will integrate Praedicat's casualty and liability modeling into its existing insurance analytics suite, building on prior acquisitions such as RMS.