Shepard Insurance Group Logo

has been acquired by

 

Shepard Insurance Group

Acted as exclusive financial advisor to Greenwich, Connecticut-based Shepard Insurance Group, Inc. in its sale to Arthur J. Gallagher & Co. Shepard Insurance Group is a retail insurance broker that specializes in serving high-net-worth clients in the Northeast US and Florida. Steve Shepard, Kyle Shepard and their team will remain in their current location under the direction of Brendan Gallagher, head of Gallagher's Northeast region retail property/casualty brokerage operations.

 

has affiliated with

 

Badger Mutual

Acted as exclusive financial advisor to Badger Mutual Insurance Company (“Badger”) in its affiliation with Rural Mutual Insurance Company (“Rural”). Rural and Badger, with a combined 227 years of providing farm, commercial and personal policies, are well-respected Wisconsin-based brands that each maintain an extensive breadth of industry knowledge, exceptional customer service, and deep community involvement. The affiliation is expected to generate long-term growth and stability for employees, agents, and policyholders. Rural adds its financial strength and AM Best A+ rating, seasoned staff, local agents, and operational excellence to the relationship. Badger contributes an experienced management team and independent agents with an expanded sales footprint in six states outside of Wisconsin. Both companies will continue to maintain their existing brand identities and Wisconsin headquarters with Rural in Madison and Badger in Milwaukee.

 

Columbia Insurance Group Logo

has agreed to sell its
personal lines business to

SafeCo Insurance Mutual Company

 

Columbia Insurance Group

Acted as exclusive financial advisor to Columbia Insurance Group in the sale of its personal lines business to Safeco Insurance, a Liberty Mutual Company (“Safeco Liberty Mutual”).  Under the agreement, Columbia will transfer its entire personal lines auto and umbrella lines business in eight states to Safeco Liberty Mutual, effective for renewals beginning January 1, 2025.  Safeco Liberty Mutual will expand its agency footprint and customer base in Arkansas, Illinois, Iowa, Kansas, Missouri, Nebraska, Oklahoma and South Dakota, while Columbia will focus exclusively on commercial solutions going forward.

 

Southern Insurance Agency, LLC

has been acquired by

NFP

Southern Insurance Agency, LLC

Acted as exclusive financial advisor to Southern Insurance Agency, LLC (SIA) in its sale to NFP Corp. (NFP). Headquartered in New Orleans, LA, SIA offers a variety of P&C solutions and services for middle-market companies, including general liability, commercial property, business auto and cyber liability coverages. Under the leadership of Founder and President, Louis Faust, the SIA team has consistently demonstrated a deep knowledge of the intricacies of the New Orleans market, including weather-related and other risks specific to the area, and an ability to secure coverage for more challenging exposures.

 

Monroe & Monroe Insurance Logo

has been acquired by

Hild Group Logo

 

Monroe & Monroe Insurance Agency

Acted as exclusive financial advisor to Monroe & Monroe Insurance Agency, Ltd. in its sale to The Hilb Group. No official press release was issued for this transaction.