Insurance Acquisitions in Nevada

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the Vegas Valley Benefit Plans business, a Las Vegas-based provider of employee benefits and insurance solutions. The acquisition strengthens Trucordia’s presence in the Southwest and expands its specialized benefits capabilities while giving the Vegas Valley team access to Trucordia’s resources and national platform.

Mission Underwriters has acquired Talage, an API-driven, AI-powered submission management platform for the commercial insurance market. Talage CEO Craig Fuher and his team will join Mission to embed the platform across Mission's MGU/MGA portfolio and expand digital distribution across carriers, agents and brokers.

OneDigital has acquired Dillon Health, a Reno, Nevada-based benefits firm founded by Michael F. Dillon that specializes in Association Health Plans and large-group consortium programs. The small team of nine represents over 2,600 employer clients; the acquisition expands OneDigital's Mountain West presence and adds local capabilities and client relationships in Nevada.

PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of 360 Insurance, an independent agency based in Las Vegas, Nevada. The acquisition expands PCF's presence in the Las Vegas market and brings 360 Insurance's personal and commercial lines clients into PCF's broader platform and value-add services.

DOXA Insurance has acquired the International Hole In One Association (IHIOA) suite of companies — Hole In One International, Hole-in-One U.S.A., and Odds On Promotions — closing on April 1, 2024. The acquisition expands DOXA into the golf and special-events prize indemnity and promotions vertical, adding IHIOA's prize indemnity products, contests and event services to DOXA's specialty insurance distribution platform.

BharCap Partners has closed the acquisition of Insurvia, an insurance services holding company that operates Fiesta Insurance and La Familia Insurance. Gemspring Capital and management were the selling shareholders; financial terms were not disclosed. BharCap said the deal expands its insurance distribution platform focused on non-standard auto insurance and underserved Hispanic consumers.

Inszone Insurance Services has acquired Citizen Choice Insurance & Investments, bringing the Las Vegas-based agency into Inszone's national brokerage platform. The deal expands Inszone's presence and service offerings in Nevada while Citizen Choice will continue to operate from its existing Las Vegas office.

OLI Insurance Services, Inc., a subsidiary of Heffernan Insurance Brokers, acquired The Henkes Welsh Agency effective September 1, 2021. The Reno, Nevada-based agency will operate autonomously as a subsidiary of OLI and will leverage OLI's market access, resources and technology to grow its property & casualty and employee benefits business for commercial and personal clients.

Platinum Specialty Underwriters acquired International Property & Casualty Insurance of Nevada, Inc. (IPC), a Managing General Agent (MGA) and Program Manager focused on E&S business and Hired & Non‑Owned Auto. The transaction closed December 31, 2020 and IPC will continue to operate under its established brand while enhancing Platinum's wholesale specialty insurance offerings.

Patriot Growth Insurance Services has added Las Vegas-based Capstone Brokerage to its platform, expanding Patriot's property & casualty and employee benefits capabilities and establishing a presence in the Nevada market. Capstone, led by President Mary Thompson, is a rapidly growing independent agency recognized for its workplace culture and has roughly a dozen employees.

AssuredPartners, Inc. has acquired Nevada West Business Insurance Agency, Inc., a Las Vegas-based commercial insurance agency. The five-person agency, which reports approximately $1 million in annualized revenue, will remain under the operational leadership of Jeff Maren as AssuredPartners expands its presence in the Nevada market.

USI Insurance Services acquired Las Vegas-based independent insurance agency Orgill Singer & Associates. The team from Orgill Singer (Las Vegas and Reno) will join USI as the acquisition expands USI's commercial, employee benefits and personal risk capabilities in Nevada; terms were not disclosed.

Alera Group has acquired two Las Vegas-area insurance agencies — Distinctive Insurance and GLB Insurance Group of Nevada — expanding its presence in the Southwestern United States. The acquisitions add employee benefits consulting, commercial and personal lines capabilities to Alera's national insurance, risk management and wealth management platform.

NFP, a leading insurance broker and consultant, has acquired Hole-in-One U.S.A. (HIO), a Reno-based provider of hole-in-one coverage for golf events. The transaction closed on March 7, 2017, and HIO principal David Nelson will join NFP as a director, expanding NFP's niche event insurance offerings nationwide.