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OPTIS: Insurance Agency M&A Reaches 4-Year, First-Half Low
Jul 17 2024 // The total of insurance agency mergers and acquisitions during the first six months of 2024 was the lowest over the first half since 2020, according to investment banking and financial firm OPTIS Partners. OPTIS...
Massachusetts Insurance Agency Deland, Gibson Acquires Atchue Agency
Jul 17 2024 // Independent insurance agency Deland, Gibson Insurance Associates in Wellesley, Massachusetts announced it recently acquired Atchue Insurance Agency, which is located about 35 miles away in Worcester. Founded by Earl V....
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Jul 17 2024 // Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal agreement was signed in...
Disaster-Struck Cities Fight for Aid as FEMA Funding Runs Low
Jul 17 2024 // A once in 200-years storm dumped 11 inches of rain over four hours on the central Massachusetts town of Leominster in September, washing away culverts, creating a sinkhole that swallowed cars at a dealership and flooding...
World Insurance Acquires Rhode Island’s Affiliated Insurance Managers
Jul 16 2024 // Insurance broker World Insurance Associates announced that it recently acquired the business of Affiliated Insurance Managers (AIM) of Warwick, Rhode Island. AIM was founded in 1937. Today the agency is primarily focused...
Novatae Acquires Missouri-Based Denali Specialty Group
Jul 15 2024 // Novatae Risk Group announced that it has acquired the assets of Denali Specialty Group, LLC of St. Louis, MO on July 1, 2024. Terms of the transaction were not disclosed. Founded in 2019, Denali is a full-service insurance...
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