Insurance Acquisitions in Florida

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.

SageSure has completed the acquisition of Gemini Financial Holdings Corporation and its Olympus subsidiaries, including Olympus Insurance Company, to support its Florida growth strategy and focus on mass-affluent homeowners. As part of the transaction, Valence Insurance Holdings (parent of SageSure's carrier partners Auros and Interboro) acquired Olympus Insurance Company; the deal expands SageSure's managed in-force portfolio to roughly 130,000 policies and ~$700 million of gross written premium in Florida.

INSURICA Insurance Services, LLC has acquired all outstanding equity of First Light Program Managers, LLC, a Florida-based wholesale insurance provider and program manager focused on trucking and marine, effective January 1, 2026. The deal expands INSURICA's underwriting and program administration capabilities and strengthens its scale and leadership in the U.S. transportation insurance market.

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.

Amwins has acquired Applied Risk Capital (ARC), a Managing General Agent (MGA) specializing in credit insurance for the leveraged finance market. ARC will join Amwins Underwriting to expand Amwins' credit insurance and underwriting capabilities for banks, funds and institutional investors; BMO Capital Markets served as exclusive financial advisor to ARC on the sale.

Specialty Program Group LLC (SPG) has acquired ANOVA Marine Insurance Services, LLC, a South Florida–based managing general agency specializing in cargo, transportation and logistics insurance. ANOVA will continue to operate under its founder Bradford Boyd and will leverage SPG’s distribution, carrier relationships and technology to scale its marine and logistics insurance capabilities.

Marsh McLennan Agency (MMA) has acquired Excel Insurance, a Medley, Florida-based independent insurance agency founded in 2020. Terms were not disclosed; all Excel employees, including President Jacob Pared, will join MMA’s existing Doral office as the deal strengthens MMA’s presence in South Florida.

The Hilb Group, a Richmond-based property & casualty and employee benefits brokerage (and portfolio company of The Carlyle Group), acquired an unnamed Florida-based full-service insurance agency effective July 1, 2025. The deal expands Hilb Group's product and service offerings and strengthens its presence in the Florida market; financial terms were not disclosed.

Unison Risk Advisors (URA) announced the addition of Orlando-based Hatcher Insurance as its newest partner firm. Hatcher will continue operating under its current leadership and the deal expands URA's presence and capabilities across Northern and Central Florida as the firm's sixth platform company.

King Risk Partners has acquired Spencer Financial, an independent insurance agency based in Tampa, Florida, to strengthen its presence in Northwest Florida. The deal expands King Risk Partners' personal and commercial insurance capabilities and brings Spencer Financial's experienced team into King Risk's PE-backed platform.

Healthcare Funding Partners (HFP) has acquired GetMeHealthcare, making the agency a core platform company within HFP's national insurance distribution strategy. The acquisition follows a strategic refinancing that strengthens HFP's capacity to pursue growth across health, life and auto insurance lines and brings GetMeHealthcare's AI tools, compliance infrastructure and coast-to-coast agent footprint into HFP's platform.

Lightyear Capital completed a growth investment in King Risk Partners alongside existing shareholder BHMS Investments, with King’s management rolling equity and participating. The capital will support King’s continued geographic and end-market expansion as the retail insurance brokerage pursues organic growth and additional acquisitions.

King Risk Partners, a top-100 U.S. insurance broker based in Gainesville, Florida, has acquired Watts, Dawson & Associates, an independent insurance agency with offices in Temple Terrace and Valrico, Florida. The deal expands King Risk Partners' presence in northern Florida and augments its personal and commercial insurance capabilities.

True Core Holdings, a platform formed and supported by AAVIN Equity Advisors and Konkordia Capital, completed a strategic investment in Five Star Claims Adjusting, expanding its portfolio of public adjusting firms. The transaction deepens True Core's presence in the Florida market and is intended to accelerate growth through operational support, technology investment, and additional partnerships.

StanCorp Financial Group (The Standard) has completed the acquisition of The Allstate Corporation's Employer Voluntary Benefits business, largely comprised of American Heritage Life Insurance Company. The agreement includes a future distribution partnership to make certain of The Standard's products and services available to Allstate customers and is intended to expand The Standard's workplace benefits portfolio.

Achieva Credit Union, working with advisor Capstone Strategic, has continued executing a strategic acquisition program under its CUSO/Holding Company to expand into title, property & casualty insurance and Medicare services. Recent deals include the purchase of Veritas Title (launched as Achieva Title Services) and the earlier acquisition of Cannella Insurance Services, extending Achieva’s non-interest revenue capabilities and member offerings.

Balance Partners announced a partnership and acquisition of Vanguard Specialty, a Tampa-based managing general agent and program administrator focused on professional liability insurance. The deal is intended to scale Balance Partners’ professional liability offerings, enhance Vanguard Specialty’s capabilities, and expand distribution for their specialty insurance programs.

Hub International Limited has acquired the assets of Scott Costolo, Inc., which operates as C&L Marine Insurance, a Boca Raton-based marine insurance brokerage. Scott Costolo and his team will join Hub Florida as the business will operate as C&L Marine Insurance, a Hub International company; financial terms were not disclosed.

King Risk Partners, a Gainesville-based insurance firm, has acquired Bruce Hendry Insurance, an independent, family-owned agency in Immokalee, Florida. The deal expands King Risk Partners' footprint in Southwest Florida and brings decades of local client relationships and personal and commercial insurance capabilities into King Risk's network.

Patriot Growth Insurance Services, a national insurance agency platform backed by GI Partners and Summit Partners, announced the addition of Florida-based Arison Insurance Services (St. Petersburg) and Ference Insurance (Gainesville) to its platform. The two agencies expand Patriot's Medicare, individual health and group medical capabilities in Florida and bring a combined team of over 30 insurance professionals across nine locations.

King Risk Partners, a regional insurance broker based in Gainesville, Florida, has acquired Viper Risk Management Group, an independent insurance agency in Saint Johns, Florida. The acquisition expands King Risk Partners' footprint and adds Viper's specialized risk management expertise across motorsports, manufacturing, restaurants, construction and other niche industries.

Afore Insurance Services, LLC has acquired the assets of S&B Block Services, Inc. dba Block Insurance, bringing the Oviedo, Florida-based specialist insurance agency onto Afore's national agency platform. Beth and Steven Block and their 12-person team have joined Afore as Managing Principals to help scale the firm's childcare, private school, and martial arts specialty practice across the United States.

CRC Group has acquired SLB Insurance Group, a binding authority operation based in Coconut Creek, Florida with offices in Florida and Louisiana. The deal expands CRC's binding operations in the Southeast — nearly doubling its presence in South Florida and strengthening capabilities in Louisiana — and SLB's leadership team will continue to run the business reporting to Brennan Paris, President, CRC Binding.

Highstreet Insurance Partners (HSIP) has acquired Mitchell Agency, Inc., a Largo, Florida-based business and personal insurance agency. The deal adds another office and eight employees to HSIP's Gulf region as part of the firm's ongoing roll-up strategy to expand its regional presence.

King Risk Partners, a Gainesville, Florida-based insurance brokerage, has acquired Exclusive Programs, Inc., a specialist in waste management and recycling insurance programs. The acquisition expands King Risk Partners' industry-specific capabilities and deepens its product offering for clients in the waste management and recycling sectors.

Emerald Bay Risk Solutions, a Bain Capital Insurance-backed specialty carrier, has acquired Mainsail Insurance Company to expand its admitted-market capabilities. Mainsail — a property & casualty insurer offering auto, property and commercial lines — will become a wholly owned subsidiary of Emerald Bay Specialty Insurance Company; financial terms were not disclosed.

NSM Insurance Group has acquired GIG Insurance Group (GIG), a Fort Lauderdale-based MGA focused on community association D&O and crime coverage, and Gifford Wells Insurance (GWI), an independent professional liability broker. The acquisitions expand NSM's specialty liability and professional liability capabilities and create cross-sell opportunities across NSM's existing niche insurance programs.

Ryan Specialty (NYSE: RYAN) signed a definitive agreement and completed the acquisition of US Assure Insurance Services of Florida, Inc., a Jacksonville-based program specializing in builder's risk insurance. US Assure will join Ryan Specialty’s Underwriting Managers division (RSUM), keeping Zurich as the carrier partner and continuing operations from Jacksonville to expand Ryan Specialty’s builder's risk underwriting capabilities and distribution reach.

AssuredPartners completed the acquisition of St. Petersburg-based Jack Rice Insurance Agency, marking the firm's 500th acquisition. The deal expands AssuredPartners' geographic footprint and agency capabilities in Florida as part of its ongoing acquisition-driven growth strategy.

Highstreet Insurance Partners, a national independent insurance agency based in Traverse City, Michigan, has acquired Flagler Insurance Agency, headquartered in Palm Beach, Florida. The deal adds three offices in Florida and brings Flagler's expertise in equestrian, commercial real estate, and private client insurance to Highstreet's Gulf Region.

Patriot Growth Insurance Services has entered a partnership with Dynamic Insurance Agency, a Punta Gorda, Florida-based property and casualty agency founded by Toni and David Ivankovic. The deal expands Patriot’s footprint in Florida and provides Dynamic with access to additional markets and tools; Patriot is PE-backed by GI Partners and Summit Partners.

ALKEME, a Top 40 insurance brokerage based in Ladera Ranch, California, has acquired Summit Insurance Group, a Coral Springs, Florida–based Florida Blue expert agency that specializes in Medicare, individual and group health plans. The deal expands ALKEME's presence in Florida and the Southeast and enhances its capabilities serving Medicare and employer-sponsored health insurance markets.

Keyes Coverage, a Florida-based insurance broker and platform partner of Keystone Agency Partners, acquired A & C Insurance and Suntree Insurance to expand its footprint north of South Florida and strengthen its presence in the Melbourne area. The transactions broaden Keyes Coverage's commercial and personal lines capabilities as the agency continues an aggressive add-on strategy backed by Keystone Agency Partners.

Alliant Insurance Services has acquired Health Market Solutions, LLC (HMS), a Tampa-based direct-to-consumer health insurance agency focused on Affordable Care Act (ACA) under-65 individual plans. HMS will join Alliant Consumer Group to expand Alliant’s presence and capabilities in the fast-growing ACA marketplace; terms were not disclosed and the entire HMS team will join Alliant.

Alliant Insurance Services has acquired Assured Health Group (AHG), a West Palm Beach-based direct-to-consumer agency specializing in Affordable Care Act (ACA) under-65 individual health insurance plans. AHG will join Alliant Consumer Group to expand Alliant's presence in the ACA marketplace; terms were not disclosed and the entire AHG team will join Alliant.

Independence Pet Holdings has acquired a majority interest in Spot Pet Insurance, a U.S. and Canada pet insurance brand. IPH previously invested in Spot in 2022 and currently handles Spot's underwriting, customer service, claims, and other administrative functions.

Orlando-based insurance brokerage AssuredPartners has acquired Italiano Insurance Services, Inc., a Tampa-based insurance agency with offices in Tampa and Boca Grande, Florida. The Italiano team will remain under the operational leadership of Jeffrey Italiano and Nelson "Nat" Italiano and will join AssuredPartners' Southeast Region to expand AP's presence and capabilities along the Gulf Coast.

King Insurance Partners, based in Gainesville, Florida, has acquired Prestige Insurance, a Vero Beach-based insurance agency led by Michele Anania. The acquisition expands King Insurance Partners' Florida footprint and aims to provide Prestige's clients with broader insurance options and enhanced support while maintaining personalized service.

Hub International Limited has acquired the assets of Sale Insurance Agency, Inc., a family-owned independent insurance agency based in Lakeland, Florida. The Sale Insurance leadership team — including President Robert Sale and Vice President Brittany Sale — will join Hub Florida as the agency is rebranded as Sale Insurance, a Hub International company; terms were not disclosed.

Brown & Brown, Inc. has acquired the assets of CHAPP, Inc. and Citrus Insurance Services, Inc., two family‑owned Florida insurance agencies that specialize in agricultural risk management. The CHAPP/Citrus team will join Brown & Brown's Lakeland and Sebring offices as the firms integrate to expand Brown & Brown’s agricultural insurance capabilities and presence in Florida; the sellers are Bucky and Cindy Payne.

Arthur J. Gallagher & Co. (Gallagher) acquired Fort Myers, Florida-based Specialty Risk Management Services, LLC and its affiliate Private Client Insurance Services, LLC. The acquired agencies — which manage property insurance programs for Florida businesses and provide commercial, condominium association and personal lines — will continue operating from their Fort Myers location with their current team under Gallagher's Southeast retail P/C leadership; terms were not disclosed.

Ryze Claim Solutions has been recapitalized by Bain Capital Insurance, with Bain Capital Insurance becoming the majority owner while Ryze management and select individuals retain a meaningful equity stake. The transaction (terms undisclosed) provides capital and a committed debt facility from Apogem Capital to support Ryze's continued organic growth and a targeted add-on acquisition program.

Arthur J. Gallagher & Co. has acquired Fort Lauderdale-based John Galt Commercial Insurance Agency, LLC and John Galt Insurance Agency, Inc. The acquisition strengthens Gallagher's property/casualty capabilities in condominium and multi-family real estate across Florida; the John Galt team will remain in place under Gallagher's Southeast retail P/C leadership.

Alera Group, a national insurance and financial services firm based in Deerfield, Illinois, has acquired Florida-based CLS Healthcare Liability Specialists, an independent agency specializing in medical malpractice and healthcare liability insurance. The CLS team will remain in their roles as Alera expands its Healthcare Liability capabilities to better serve physicians, locum tenens and nurse staffing firms, and other healthcare organizations; terms were not disclosed.

King Insurance Partners, a Gainesville-based full-service insurance brokerage, has acquired Partners Insurance to expand its service offerings and market presence within Gainesville, Florida. The deal strengthens King’s local footprint and broadens its capabilities in property & casualty and employee benefits solutions for a diverse client base.

Risk Strategies, a national specialty insurance brokerage, has acquired Setnor, Byer, Boganoff, Inc., which does business as Setnor Byer Insurance & Risk, a Greater Fort Lauderdale insurance brokerage specializing in property, casualty and employee benefits. Terms were not disclosed; Anita Byer will remain as Managing Principal and the agency will leverage Risk Strategies’ scale and specialty resources to expand its market reach and service offerings.

Keyes Coverage, a South Florida insurance brokerage and platform partner of Keystone Agency Partners, completed the acquisitions of Sabal Benefits, Nat Steinart & Associates, and Robin Lewis, Inc., expanding its employee benefits and commercial insurance capabilities in South Florida. The add-on deals broaden Keyes Coverage's group benefits expertise and local footprint as part of its ongoing growth strategy with backing from Keystone Agency Partners.

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired Allied Marketing Insurance Group, a Florida-based health and benefits agency focused on serving multicultural communities and Medicare clients. The deal (terms not disclosed) expands PCF's capacity to serve Florida families and aligns with its value-accretive growth strategy supported by recent financing to fund M&A.

NFP has acquired Benefits & Company, Inc., the Florida employee benefits business of Clearscope, in a transaction that closed on August 8, 2023. Benefits & Company, based in Sunrise, Florida, will join NFP's South Florida benefits team (Jessica Gabe joins and reports to Sarah Wollschleger), expanding NFP's presence and capabilities in Florida.

Simplicity Group Holdings, Inc. announced the acquisition of Universal Financial Consultants (UFC), a Florida-based insurance marketing organization led by Vince Munno. UFC will continue to be managed day-to-day by Munno and his leadership team while leveraging Simplicity's group resources to expand product distribution and marketing capabilities, particularly in the annuity and life insurance spaces.