Insurance Acquisitions in Louisiana

Palomar Holdings, Inc. (NASDAQ: PLMR) has completed the acquisition of The Gray Casualty & Surety Company from BCP. Gray Surety is a Treasury-listed surety carrier licensed in all 50 states that provides contract bonds to midsized and emerging contractors; the sale represents a PE exit for BCP and expands Palomar's specialty insurance capabilities and national footprint.

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.

World Insurance Associates LLC acquired the business of Lighthouse Insurance Agency of Madisonville, Louisiana effective March 1, 2025; terms were not disclosed. Lighthouse, which writes personal lines, small and medium business policies and large commercial property coverage, will operate as part of World as the firm expands its presence in Louisiana.

King Risk Partners, a Gainesville, Florida-based insurance brokerage, has acquired Louisiana Insurance Services, an independent agency based in Ruston, Louisiana. The acquisition marks King's strategic entry into the Louisiana market to expand its Southeastern footprint and leverage King's technology and carrier relationships to enhance local offerings.

World Insurance Associates LLC acquired the businesses of five Louisiana insurance agencies — Insurance Unlimited of Louisiana, Erwin Insurance Agency, Burke & Burke Insurance Marketing, Courtney Insurance Services, and US Principal Insurance — effective March 1, 2025. The acquisitions expand World’s footprint in Louisiana and add experienced, tenured employees to its team; terms were not disclosed.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of CADA Insurance Services, which operates multiple offices in Louisiana. The acquisition adds CADA's auto, home, commercial, general liability and workers' compensation capabilities to Trucordia's platform and expands its presence in the Louisiana market.

The Hilb Group announced it acquired an unnamed Louisiana-based property and casualty business effective November 1, 2024. The transaction is an add-on acquisition that expands Hilb Group’s property & casualty presence across Louisiana and the surrounding region; Hilb Group is a Carlyle Group portfolio company.

Alera Group, a national insurance and financial services firm, announced the acquisition of Insurance Underwriters Ltd. (IUL), an independent insurance agency offering business insurance, surety bonds, personal insurance and employee benefits. The deal is intended to strengthen Alera Group's property & casualty, surety and employee benefits presence in the south-central U.S.; terms were not disclosed.

NFP, an Aon company, has acquired Southern Insurance Agency LLC (SIA), a New Orleans-based commercial property and casualty broker. Founder Louis Faust will join NFP as a senior vice president, and the deal expands NFP’s commercial P&C capabilities and presence in the New Orleans area and across Louisiana.

Hub International Limited announced it has acquired the assets of Swanson Insurance Agency, Inc. and Swanson & Associates, Inc., a locally owned independent insurance agency serving the New Orleans area. The Swanson team will join Hub Gulf South to strengthen Hub’s personal and commercial insurance capabilities in Louisiana; terms were not disclosed.

ALKEME, a Top 40 insurance brokerage based in Ladera Ranch, California, has acquired Hardwick Insurance, a commercial and personal insurance specialist in Lafayette, Louisiana. The acquisition expands ALKEME's footprint in the Southern United States and adds Hardwick's niche expertise in insuring religious organizations to ALKEME's platform.

Arthur J. Gallagher & Co. (Gallagher) has acquired Metairie, Louisiana-based Fontenelle & Goodreau Insurance, LLC. The acquisition expands Gallagher's commercial property/casualty capabilities—particularly in the large apartment (multifamily) market—with the Fontenelle & Goodreau team remaining in place under Gallagher's Southeast retail P/C leadership.

Marsh McLennan Agency (MMA) signed agreements to acquire two Louisiana-based insurance agencies — Querbes & Nelson (Shreveport) and Louisiana Companies (Baton Rouge) — doubling MMA's presence in the state. Employees and co-owners of the acquired firms will join MMA; the transactions are expected to close by the end of Q1 2024. Terms were not disclosed.

Arthur J. Gallagher & Co., through its U.S. wholesale division Risk Placement Services (RPS), acquired Metairie, Louisiana-based Forest Insurance Facilities. The acquisition expands Gallagher/RPS's wholesale and surplus lines capabilities in Louisiana; Forest's leadership team will remain in place and operate under RPS's Southeast region binding operations.

Arthur J. Gallagher & Co. has completed the acquisition of Cadence Insurance, Inc., a Baton Rouge–headquartered insurance subsidiary of Cadence Bank. As part of the transaction, Gallagher will become the preferred insurance broking partner of Cadence Bank, expanding its distribution and insurance capabilities.

World Insurance Associates LLC acquired the business of Ellsworth Corporation of Metairie, Louisiana on September 1, 2023. The deal expands World’s insurance brokerage capabilities with Ellsworth’s specialties in surety & bonding, commercial marine, oil & gas insurance programs, construction bonds and workforce health benefits.

Alera Group has acquired jweinland Group Benefits, a Shreveport-based full-service employee benefits firm that specializes in group benefits and self-funded insurance plans. The deal expands Alera Group’s employee benefits capabilities and footprint in Louisiana; jweinland’s team will continue serving clients in their existing roles and terms were not disclosed.

Simplicity Group Holdings, Inc. announced the acquisition of Hancock Brokerage, a Metairie, Louisiana-based life insurance brokerage led by Susan Cimini, who becomes a Simplicity partner. The deal brings Hancock's life insurance, annuity and life-settlement capabilities onto Simplicity's platform and is intended to expand the firm's product offering and distribution resources for advisors and agents.

Hub International Limited acquired the assets of Dwight W. Andrus Insurance Inc., Dwight Andrus & Richard Insurance, Inc., and DAI Shreve, LLC, expanding its commercial, personal and employee benefits capabilities in Louisiana. The acquired business — one of the largest independent agencies in the U.S. with ~130 employees and headquartered in Lafayette, Louisiana — will join Hub Gulf South to bolster Hub's presence across the Gulf South region.

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired Oak Point Risk Advisors, a Louisiana-based niche risk management and commercial insurance agency serving maritime, oil & gas, and construction clients along the Gulf Coast. Oak Point will join PCF’s Agency Partner network to expand PCF’s capabilities and coverage offerings for hazardous-industry clients; terms were not disclosed.

Elevance Health has entered into a definitive agreement to acquire Blue Cross and Blue Shield of Louisiana (BCBSLA). The transaction will integrate BCBSLA into Elevance's Anthem Blue Cross Blue Shield family, keep the Louisiana headquarters and workforce local, and expand Elevance's capabilities and footprint in Louisiana.

Hub International Limited acquired the assets of Bubrig Insurance Agency, Ltd. and its affiliate Blue Cedar Insurance, LLC, a Belle Chasse, Louisiana-based independent personal-lines insurance agency. The Bubrig team, led by Bill Bubrig, will join Hub Gulf South as Hub looks to expand its personal insurance capabilities and regional presence in Louisiana; terms were not disclosed.

Hub International Limited has acquired the assets of Shaver-Robichaux Agency, Inc., an independent insurance agency with offices in Thibodaux and Raceland, Louisiana. The deal brings the Shaver-Robichaux team into Hub Gulf South to expand Hub's commercial and personal insurance capabilities; terms were not disclosed.

Milestone Partners formed specialty auto insurance holding company Drive Assurance Holdings LLC and acquired GoAuto, LLC and its affiliated technology platform Adaptive Information Technologies, LLC (AIT). The acquisition creates a data-driven specialty personal auto insurance platform focused on low-limit policies across Louisiana and growing operations in Texas, Nevada and Ohio.

WP Global Partners, a Chicago-based private investment firm, invested in GoAuto, a provider of non-standard auto insurance operating in Louisiana, Texas, Ohio, Nevada and Illinois. The transaction is a growth investment intended to support GoAuto’s expansion and scaling of its insurance offerings across multiple states.

One80 Intermediaries, a national wholesale broker and program manager headquartered in Boston, has acquired Equity Partners Insurance Services, Inc. (EPIS), a Slidell, Louisiana-based managing general agent and wholesaler specializing in commercial and personal lines. The deal expands One80’s footprint across the Gulf region; terms were not disclosed.

USI Insurance Services acquired Gretna, Louisiana-based Daul Insurance, an independent risk management and employee benefits agency founded in 1960. The deal joins Daul’s local client relationships and expertise with USI’s national brokerage platform and resources; terms were not disclosed.

Arthur J. Gallagher & Co. announced the acquisition of Files Agribusiness, LLC, a Bastrop, Louisiana-based retail insurance agency specializing in Federal Crop Insurance and agribusiness property/casualty coverages. Financial terms were not disclosed; John Files and his associates will remain in place and operate under Gallagher's Mid-South region leadership to strengthen Gallagher's agribusiness capabilities and geographic reach in the Federal Crop Insurance market.

World Insurance Associates LLC (WIA), a national insurance brokerage headquartered in Tinton Falls, New Jersey, acquired Crossland Insurance Agency of New Iberia, Louisiana on July 1, 2021. The deal expands WIA's personal and commercial insurance footprint and brings Crossland's transportation-focused commercial insurance book into WIA's platform; terms were not disclosed.

Higginbotham, a Fort Worth-based independent insurance and financial services firm, has partnered with Baton Rouge-based First Louisiana Insurance to establish its second office in Louisiana. First Louisiana’s founder Jack Harless will become a managing director and will continue leading the local team of nine insurance professionals as part of Higginbotham’s strategic regional expansion.

Hub International Limited acquired the assets of The Juban Insurance Group, an independent insurance agency based in Baton Rouge, Louisiana. The acquisition expands Hub's presence in Louisiana and the Gulf South and brings Phillip Juban and his team into Hub Gulf South to strengthen Hub's commercial auto, real estate, and personal insurance capabilities.

CRC Group has entered a definitive agreement to acquire the assets of Continental Underwriters, including Fidelis Marine Underwriters and Fidelis Claims Services. The deal expands CRC Group's specialty marine underwriting, cargo and inland marine capabilities and will fold Continental into CRC's Programs Division; terms were not disclosed.

Hub International Limited acquired the assets of Todd & Associates, LLC, an independent insurance agency based in Lake Charles, Louisiana. The deal brings Louis Todd and his team into Hub Gulf South and expands Hub's presence in the Gulf South while strengthening its medical professional liability and specialty insurance capabilities.

Hub International Limited acquired the assets of Hollis Companies, L.L.C. and The Employee Benefits Corporation (TEBC), both based in Metairie, Louisiana. The firms provide employee benefits consulting, workplace-wellness plans and compliance guidance; Michael Hollis will join Hub Gulf South and report to Shaun Norris. Terms were not disclosed.

Marsh & McLennan Agency LLC (MMA), the middle‑market agency subsidiary of Marsh, has acquired Eustis Insurance & Benefits, an independent insurance agency headquartered in Metairie, Louisiana. Eustis will continue operating under its name with existing offices in Metairie, Mandeville, and Baton Rouge and brings about 109 employees and expertise in property/casualty, personal lines, and employee health and benefits serving midsize businesses in Louisiana.