Transactions – PhiloSmith

Baldwin Insurance Agency, Inc. and
Welsh & Parker Insurance Agency, Inc.

Acted as exclusive financial advisor to Wayland, Massachusetts-based Baldwin Insurance Agency, Inc. & Welsh & Parker Insurance Agency, Inc. (“Baldwin | Welsh & Parker”) in its sale to AssuredPartners, Inc. The team of 27 will remain under the leadership of Baldwin | Welsh & Parker’s President, David D’Orlando, and Vice President, Steven Joyce. Since 1865, Baldwin | Welsh & Parker has been staffed by proven professionals committed to serving the insurance needs of all of their customers

A. J. Benet, Inc.

Acted as exclusive financial advisor to A. J. Benet, Inc. in its sale to Cross Insurance, a subsidiary of Cross Financial Corp. A. J. Benet, Inc., based in Mamaroneck, New York. Founded in 1964, A. J. Benet is a boutique retail insurance agency focused on the high net worth personal lines P&C market. Through A. J. Benet’s commitment to building long-lasting relationships with clients, dedication to customer service, and reputation in the community, A. J. Benet has built a loyal customer base centered around high net worth individuals, having focused on this segment for many years.

Leon Silver Associates, LLC

Acted as exclusive financial advisor to Leon Silver Associates, LLC, in its sale to Bridge Specialty Group, LLC, a subsidiary of Brown & Brown, Inc. Based in Metuchen, New Jersey, Leon Silver is a wholesale broker offering commercial and personal lines property and casualty insurance products through its network of retail agents in New York, New Jersey, Pennsylvania, Florida, Connecticut, and Delaware. The firm was founded by Michael and Shari Silver’s father, Leon G. Silver, and has roots dating back to 1971. Following the transaction, the Leon Silver operations will become part of Bridge Specialty Group’s “Morstan General Agency” office (Morstan). The combined operations will do business from Morstan’s Woodbridge, New Jersey location under the leadership of Tommy Rhodes, who, together with Bridge Specialty Group’s Executive Vice President, Kathy Colangelo, has oversight responsibility for Morstan.

South & Western General Agency

Acted as exclusive financial advisor to South & Western General Agency, Inc. (South & Western), in its sale to Hull & Company, LLC, a subsidiary of Brown & Brown, Inc. Founded in 1974, South & Western is a managing general agency for retail insurance agents placing insurance for businesses and individuals primarily in Texas, Arkansas, Louisiana, Mississippi, Oklahoma, and Tennessee. The firm specializes in personal lines, farm and ranch/agribusiness, commercial transportation, and specialty commercial property and casualty insurance products. South & Western also offers insurance premium financing through S&W Premium Finance Company. Following the transaction, the South & Western team will continue doing business under the leadership of JJ Horan from their Addison, Texas and Memphis, Tennessee locations as a new stand-alone operation within Brown & Brown’s Wholesale Brokerage Segment.

J.E. Brown & Associates

Acted as exclusive financial advisor to J.E. Brown & Associates Insurance Services, Inc. (J.E. Brown) in its sale to Hull & Company, LLC, a subsidiary of Brown & Brown, Inc. Founded in 1989, J.E. Brown is a managing general agency for retail insurance agents placing property and casualty insurance for businesses and individuals. The firm specializes in offering small business and personal lines property and casualty insurance products to customers in the western United States, primarily in California. Following the transaction, the J.E. Brown team will continue doing business under the leadership of Dave Brown and Wendy Heathorn from their Walnut Creek and Yorba Linda, California offices as a new stand-alone operation in Brown & Brown’s Wholesale Brokerage Segment.

Clearwater Underwriters

Acted as exclusive financial advisor to Clearwater Underwriters (CUI), a surplus lines MGA based in Clearwater, FL, in its sale to Worldwide Facilities. Clearwater Underwriters was established in 1991 to provide a market for retail insurance agents in the placement of excess flood insurance coverage in the state of Florida. Since that time, the company has emerged as a competitive, trustworthy corporation with a diverse product line including flood, professional liability, personal and commercial lines. CUI is highly regarded among its partners and peers throughout the industry.