Insurance Acquisitions in Virginia

J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.

NFP, an Aon company, has acquired Alan J. Zuccari, Inc. dba Hamilton Insurance Agency, a Fairfax, Virginia-based insurance brokerage specializing in senior living and long-term care. The deal brings Hamilton's risk management, integrated benefits administration technology (BeneLink Connect) and Electronic Risk Management Assistant into NFP's platform to expand capabilities for senior housing and long-term care clients.

King Risk Partners, a national insurance brokerage based in Gainesville, Florida, has acquired Jenkins Insurance, an independent agency in Harrisonburg, Virginia, to expand its footprint in the state. The acquisition is intended to combine Jenkins' local client relationships and service with King's scale and infrastructure while maintaining continuity for clients.

ALKEME Insurance, a PE-backed national insurance brokerage based in Ladera Ranch, California, has acquired D&S Agency, an employee benefits-focused agency headquartered in Hardy, Virginia. The deal expands ALKEME's benefits expertise and East Coast presence while allowing D&S to retain local focus with access to ALKEME's national resources.

ALKEME, a national insurance brokerage based in Ladera Ranch, California, has acquired Innovative Insurance Group, one of Virginia's largest independent insurance agencies. The deal expands ALKEME's East Coast footprint and brings Innovative's team and eight Virginia locations into ALKEME's growing national network.

Trucordia has acquired the insurance business of Huffman Insurance, a family-owned agency with offices in Lexington, Staunton and Covington, Virginia. The acquisition expands Trucordia's East Coast presence as the Lindon, Utah-based brokerage integrates Huffman's personal and commercial lines capabilities into its national platform.

Choice Financial Group, a Virginia Beach–headquartered insurance agency backed by Northlane Capital Partners, has acquired Employee Benefits of Virginia, a Richmond-area employee benefits advisory firm. The deal expands Choice's employee benefits capabilities and strengthens its presence in the Mid-Atlantic (Virginia) market.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of the family-owned Richard King Insurance Agency in Powhatan, Virginia. The acquisition is part of Trucordia’s ongoing roll-up strategy to expand its footprint and service offerings by integrating high-growth, client-focused local brokerages.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of Archibald Insurance, which operates offices in Richmond, Midlothian and North Chesterfield, Virginia. The deal brings Archibald's client base and local operations into Trucordia's integrated platform to expand coverage offerings, pricing competitiveness and value-added services like in-house risk management and claims advocacy.

King Risk Partners, a top-100 national insurance broker based in Gainesville, Florida, has acquired Coates Insurance Agency of Glenn Allen, Virginia. The deal expands King Risk Partners' East Coast footprint and brings Coates' 25-year local personal and commercial insurance business into King’s platform to enhance resources and client service.

Arthur J. Gallagher & Co. (Gallagher) has acquired Blairs, Virginia–based Shelton & Alderson Insurance Agency, Inc., which does business as FarmPLUS Insurance Services. The retail agency provides agricultural and crop insurance across Virginia, North Carolina and South Carolina; the sellers Tim Alderson and Amy Alderson and their team will remain in place under Gallagher's Southeast retail P/C leadership.

Evertree Insurance Services has acquired Virginia Beach-based Prosper Insurance, finalizing the transaction on November 1, 2023. The deal expands Evertree's Mid-Atlantic footprint and brings Prosper's technology and ~99-person team onto Evertree's tech-enabled personal-lines brokerage platform to accelerate embedded partnership capabilities nationwide.

Hub International Limited acquired the assets of Asset Protection, Inc. (d/b/a AP Group), a Midlothian, Virginia insurance agency that specializes in coverage for dentists, oral surgeons, physicians and other professionals. The AP Group team led by Monty Dise will join Hub Mid-Atlantic as Hub strengthens its healthcare insurance capabilities; terms were not disclosed.

World Insurance Associates LLC (World), a nationally ranked insurance brokerage headquartered in Iselin, New Jersey, acquired the business of Young Insurance Agency Group, Inc. of Portsmouth, Virginia effective July 1, 2023. Terms were not disclosed; World said the acquisition will allow Young Insurance to offer customers expanded products and services as part of World’s national platform.

Arthur J. Gallagher & Co. has acquired Chantilly, Virginia-based retail insurance agency The Andersen Group. The Andersen Group will operate under Gallagher's Mid-South retail property/casualty brokerage operations to enhance Gallagher's capabilities in the greater Washington, D.C. market; terms were not disclosed.

Insurify has completed the acquisition of Inspop USA, LLC and its subsidiary Compare.com, bringing the established online auto insurance comparison brand and team into Insurify's platform. The deal strengthens Insurify's consumer reach, technology and carrier relationships while Admiral Group — founder of Compare.com — retains a minority stake in Insurify and remains a strategic shareholder.

Ensurise, LLC acquired Abby Insurance Agency (effective December 16, 2022), bringing the Franklin, Virginia independent property & casualty brokerage into Ensurise’s Mid‑Atlantic agency network. Abby Insurance Agency will continue operating from its Franklin office as Ensurise expands its footprint and capabilities in Virginia.

Highstreet Insurance Partners (HSIP), a Traverse City, Michigan-based insurance consolidator, has acquired Alexandria, Virginia-based Clarke & Sampson Insurance, a third-generation independent insurance agency founded in 1946. The acquisition expands Highstreet's local capabilities and specialty offerings (including political, trade union and nonprofit coverage) as part of its ongoing roll-up strategy.

OneDigital has acquired GHC Associates, Inc., a benefits brokerage and HR consulting firm based in Alexandria, Virginia. The deal expands OneDigital's benefits capabilities and regional presence in the DC–Maryland–Virginia market, transitioning over seventy client groups onto the OneDigital platform.

AssuredPartners, Inc., a national insurance brokerage headquartered in Orlando, Florida, has acquired Quest Benefits, Inc., an employee benefits and insurance agency based in Chantilly, Virginia. The Quest team will remain led by President Sami Satouri as AssuredPartners expands its capabilities and client offerings in the DC–Maryland–Virginia (DMV) area.

Choice Financial Group, a PE-backed insurance agency consolidator, has acquired Parker Reigle Insurance Agency of Chesapeake, Virginia. The deal is an add-on to Choice’s platform (backed by Northlane Capital Partners) intended to expand Choice’s presence in southeastern Virginia while keeping founder June Reigle in an operational role.

World Insurance Associates LLC, a Top 100 insurance brokerage headquartered in Tinton Falls, New Jersey, acquired Steve Love Insurance Agency of Virginia Beach, Virginia on December 31, 2021. Terms were not disclosed; the target provides personal (auto, home, life) and business insurance and will continue operating as part of WIA.

World Insurance Associates LLC, a Top 100 insurance brokerage based in Tinton Falls, New Jersey, acquired Mid Atlantic Insurance Group, a Richmond, Virginia-based commercial wholesaler specializing in workers' compensation, on December 31, 2021. Terms were not disclosed; WIA said the acquisition will expand its carrier relationships and workers' compensation capabilities.

Choice Financial Group, a portfolio company of Northlane Capital Partners, acquired Norfolk, Virginia-based Ashley & Associates Insurance Agency. The acquisition adds a partner agency to Choice's portfolio to expand its presence in southeastern Virginia and provide Ashley & Associates with Choice's resources, carrier relationships, and technology; Chris Miles has been named President of Ashley & Associates.

Northlane Capital Partners (NCP) has made an investment in Choice Financial Group, a Virginia Beach–based insurance agency, partnering with founder and president Richard Braun. The capital will support Choice’s acquisition-driven growth strategy and add operating resources (including the addition of industry executive Bob Hilb); Madison Capital Funding provided debt financing for the transaction.

Effective October 15, 2021, independent brokerage Ensurise LLC acquired the property and casualty insurance brokerage business of Gerczak Insurance Agency, Inc. The deal expands Ensurise's presence in the Mid-Atlantic region and transfers P&C client relationships and staff to Ensurise while allowing Gerczak to focus on life and health advisory work.

OneDigital has acquired Virginia Medical Plans / Katz Insurance Group, a Herndon, Virginia-based health and life insurance agency. The small firm’s seven employees and roughly 3,500 customers will join OneDigital as the buyer expands scale and capabilities in the Mid‑Atlantic region.

World Insurance Associates LLC (WIA) acquired Potomac Ashcraft Insurance and Financial Services of Alexandria, Virginia on August 1, 2021. Potomac Ashcraft, founded in 1985, is a full-service insurance agency and registered investment advisor serving businesses and individuals across Maryland, Washington, D.C., and Virginia; terms were not disclosed.

An investment syndicate led by New Enterprise Associates, Inc. completed a significant recapitalization of AllyAlign Health, a Medicare Advantage insurer focused on residents of senior housing communities. Health Enterprise Partners, an existing investor and founder backer, partnered with AllyAlign since inception; terms of the recapitalization were not disclosed and the capital is intended to support scaling the company's model across skilled nursing and senior housing.

Hilb Group, a Richmond-based insurance brokerage, acquired Salem, Virginia–based Ryan Harris Insurance and Financial Services, Inc., effective July 1, 2021, expanding Hilb Group's Mid-Atlantic footprint. The agency principal Ryan Harris and his team will join Hilb Group's Mid-Atlantic regional operations as part of one of six Virginia agency acquisitions completed by Hilb Group that month.

Hilb Group, a Richmond-headquartered property & casualty and employee benefits brokerage (and portfolio company of The Carlyle Group), acquired Easley Hedrick Insurance & Financial effective July 1, 2021. The acquisition adds the Mechanicsville, Virginia-based multi-line insurance agency and its team to Hilb Group's Mid-Atlantic regional operations as part of the firm's ongoing roll-up strategy.

The Hilb Group acquired Harvey Insurance Agency, Inc., an independent multi-line insurance agency based in Manassas, Virginia, effective July 1, 2021. The acquisition expands Hilb Group’s Mid-Atlantic footprint and brings Bill Harvey and his team into Hilb Group’s regional operations as part of the firm’s ongoing roll-up strategy under its Carlyle-backed platform.

Hub International Limited has acquired the insurance brokerage assets of the Pete Webb Agency, a Fredericksburg, Virginia-based agency that provides personal and commercial insurance (home, auto, life and business). The Pete Webb team will join Hub Mid-Atlantic and continue operating from its Fredericksburg location; financial terms were not disclosed.

OneDigital has acquired Your Benefits Partner, LLC, a Glen Allen/Richmond, Virginia-based employee benefits and HR consulting firm, to expand its capabilities and scale across the Mid-Atlantic region. The Your Benefits Partner team will integrate with OneDigital’s Richmond office and founder Debbie Stocks will join OneDigital as Principal, Senior Client Executive, giving clients access to OneDigital’s broader benefits, HR consulting, technology and retirement/wealth solutions.

BRP Group, Inc. (NASDAQ: BRP) has entered into a partnership to acquire Armfield, Harrison & Thomas, Inc. (AHT), a Leesburg, Virginia-based insurance brokerage, converting AHT into part of BRP's middle-market operating group. AHT brings approximately $52M in annual revenues, expanded geographic scale in the Pacific Northwest, Mid-Atlantic and Northeast, and AHT CEO David Schaefer will serve as a Regional President within BRP's middle-market group.

Hub International Limited acquired the insurance brokerage assets of The Olson Insurance Agency LLC and Insure All, LLC, both Virginia-based agencies. The agencies' owners (Max Olson and Michael Forney) and their employees will join Hub Mid-Atlantic; terms were not disclosed.

World Insurance Associates LLC (WIA), a nationally ranked insurance brokerage, acquired Danaher-Skewes & Associates, Inc., an independent insurance agency headquartered in Manassas, Virginia, effective November 1, 2020. Terms were not disclosed; the deal expands WIA’s presence in Northern Virginia and adds Danaher-Skewes’ local personal and commercial insurance capabilities to WIA’s platform.

World Insurance Associates LLC (WIA) acquired Tucker Insurance Service, Inc., a Falls Church, Virginia-based full-service insurance agency, effective November 1, 2020; terms were not disclosed. WIA said the acquisition establishes its presence in Northern Virginia and will allow Tucker to leverage WIA's resources and network to enhance service levels and grow customer acquisition.

Hub International Limited acquired the assets of WFG Benefits, Inc., a McLean, Virginia-based insurance and employee benefits planning firm. The acquisition, announced October 6, 2020, expands Hub’s Mid-Atlantic benefits capabilities and geographic footprint; terms were not disclosed.

World Insurance Associates LLC (WIA), a national insurance brokerage, acquired Hampton Insurance Agency, LLC, a property & casualty agency based in Hampton, Virginia, on October 1, 2020. The acquisition expands WIA's presence in Tidewater Virginia and adds Hampton Insurance's transportation-focused P&C expertise to WIA's platform; terms were not disclosed.

CBIZ, Inc. acquired substantially all of the assets of Prince-Wood Insurance, L.L.C. (PWI) of Woodbridge, Virginia, effective July 1, 2020. The acquisition expands CBIZ's property and casualty insurance capabilities and client footprint in Northern and Central Virginia, Maryland and Washington, DC; PWI had seven employees and approximately $1.2 million in annual revenue.

Specialty Program Group LLC (SPG), a Summit, New Jersey–based operator of specialty insurance brokerages and underwriting facilities, acquired the assets of Virginia-based Beacon Hill Associates, Inc., including its PartnerOne (P1) environmental underwriting division. The acquisition — terms undisclosed — will allow SPG to launch and expand an environmental insurance platform while current Beacon Hill leadership will continue to run operations within SPG's wholesale division.

World Insurance Associates LLC (WIA), a Top 100 insurance brokerage based in Tinton Falls, New Jersey, acquired Lindberg & Associates Insurance of Poquoson, Virginia, effective July 1, 2020. Lindberg & Associates, an independent agency specializing in property & casualty and employee benefits with expertise in petroleum insurance and specialty contractors, will operate as a unit of WIA with founder Jim Lindberg joining WIA as Manager of the Lindberg unit.

Worldwide Facilities, a national wholesale insurance broker and program underwriter, acquired Royal Oak Underwriters, an excess and surplus lines insurance wholesaler based in Richmond, Virginia. The deal expands Worldwide Facilities’ geographic footprint and specialty product offerings across several East Coast states, strengthening its MGA/MGA distribution capabilities.

Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired UNIRISC, Inc., a specialist in relocation insurance and claims administration based in Arlington, Virginia. Terms were not disclosed; the acquisition adds UNIRISC's brokerage and third-party administrator capabilities—serving corporate relocation programs and private individuals—to Risk Strategies' specialty offerings.

The Hilb Group, LLC (THG), a Richmond-based middle-market insurance brokerage and portfolio company of The Carlyle Group, acquired Bristol, Virginia-based Kerr-Boswell, Inc., effective December 1, 2019. Kerr-Boswell's staff will continue operating from their Bristol location under THG's Abingdon, VA operations as part of THG's strategy to expand its regional footprint in Virginia.

The Carlyle Group has signed a definitive agreement to acquire a majority interest in The Hilb Group from Abry Partners; financial terms were not disclosed. Hilb, a Richmond-based insurance brokerage with more than 900 associates and 91 branch offices, will retain significant ownership by its management team and employee shareholders as Carlyle supports further organic growth and targeted M&A.