Insurance Acquisitions in North Dakota

World Insurance Associates LLC acquired the insurance business of First International Insurance (a division of First International Bank & Trust) effective October 1, 2024; terms were not disclosed. FI Insurance — which operates 12 locations across North Dakota, Minnesota and Arizona and specializes in contractors, trucking, oil & gas, hospitality and agricultural lines — will operate as part of World to expand the acquirer's geographic footprint and product offerings.

Hub International Limited acquired the assets of Great North Insurance Services, LLC, an independent insurance agency based in West Fargo, North Dakota. The Great North team — including founder Nick Killoran and partners Zach Bosh and Kane Hanson — will join Hub Great Plains to expand Hub's commercial, employee benefits and personal insurance capabilities in the region. Terms were not disclosed.

Marsh McLennan Agency (MMA) has acquired Vaaler Insurance, Inc., one of the largest independent insurance agencies in North Dakota. Terms were not disclosed; Vaaler — a third‑generation, family‑owned agency with 81 employees across Grand Forks, Fargo and Bismarck (ND) and Fosston (MN) — will continue to be led by CEO Bruce Vaaler as MMA expands its Upper Midwest footprint.

Marsh & McLennan Agency LLC (MMA) has acquired Dawson Insurance Agency, a 98-year-old family-owned insurance agency based in Fargo, North Dakota. Dawson Insurance generates $10 million in revenue and has 58 employees who will join MMA's upper Midwest region; the deal gives MMA entry into the North Dakota market.

Hub International Limited has acquired BW Insurance Agency, Inc. (BWIA), a Bank of the West subsidiary that operates a multi-line property & casualty, personal and employee benefits insurance brokerage across more than 40 offices in eight states. BWIA will be integrated into Hub's regional operations (including Hub Mountain, Hub Colorado, Hub Northwest and Hub Midwest) to broaden Hub's geographic footprint and expand carrier and product access for BWIA's clients; terms were not disclosed.