Insurance Acquisitions in Mississippi

King Risk Partners, a Gainesville-based insurance broker, has acquired Ricky Credille Insurance, a family-owned agency with locations in Belmont and Tupelo, Mississippi. The deal expands King Risk Partners’ presence into Mississippi and adds Ricky Credille’s Medicare, health and life insurance expertise to its offerings.

Trucordia, a national insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of Rusty Healy Insurance Agency of Madison, Mississippi. The acquired business offers auto, home, business and life insurance solutions and will be integrated into Trucordia's national platform as part of its growth and expansion strategy.

Sunstar Insurance Group, a regionally focused insurance broker based in Memphis, Tennessee, acquired the assets of Renasant Insurance, Inc. from Renasant Corporation effective July 1, 2024. Renasant Insurance will rebrand as Sunstar Insurance Services, with all leadership and employees joining Sunstar as the acquisition provides Sunstar its first agency presence in Mississippi and expands its products and services in the region.

Arthur J. Gallagher & Co. acquired Columbia, Mississippi-based Southern Insurance Group, LLC. The acquisition expands Gallagher's retail property/casualty brokerage presence in Mississippi and the Southeast U.S.; Southern Insurance Group's team will remain in place and operate under Gallagher's Mid-South brokerage leadership.

Sedgwick has acquired Appraisal Service of Mississippi, Inc. (ASM), a regional provider of auto and property appraisal services. The deal expands Sedgwick's field appraisal capacity and regional footprint across Alabama, Louisiana, Mississippi and the Memphis, Tennessee metro, adding specialized expertise in automobiles, heavy equipment and recreational vehicles.

The Hilb Group acquired The Nowell Agency (effective December 1, 2022), expanding its property & casualty insurance footprint into Mississippi. The Nowell Agency — with offices in Brandon, Greenwood, Tupelo, Byram and Hattiesburg — will join Hilb’s national network to provide insurance products for both individuals and businesses.

HUB International Limited acquired the assets of MPE Employee Benefit Services, a Ridgeland, Mississippi-based third-party administrator specializing in employee benefits plan design and administration. Terms were not disclosed; MPE President Bill Saint Sing will join HUB Gulf South as part of the transaction as HUB strengthens its employee benefits capabilities in the Jackson, Mississippi market.

Hub International Limited acquired the insurance brokerage assets of Larry Dean Massey, Jr., expanding Hub’s presence in North Mississippi and adding specialty insurance capabilities serving construction, hospitality and oil & gas clients. Massey’s operations, with legacy ties to Memphis and now based in Oxford, Mississippi, will join Hub Gulf South and report to regional leadership; terms were not disclosed.

Arthur J. Gallagher & Co. acquired Flowood, Mississippi-based Wellington Associates, Inc., a full-service property/casualty and employee benefits agency. Terms were not disclosed; principals Walter "Buster" Wellington and William "Billy" Horne and their associates will continue to operate from their current location under Gallagher's regional leadership, strengthening Gallagher's presence and capabilities in Mississippi.

Arthur J. Gallagher & Co. acquired McPherson Benefits Group, a Madison, Mississippi-based employee benefits consulting and brokerage firm. The acquisition strengthens Gallagher's South Central employee benefits operations and expands its presence in Mississippi; terms were not disclosed.