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has been acquired by

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Northeast Coverages, Inc.

Based in Garden City, NY, Northeast Coverages is a wholesale broker and MGA that writes business throughout the U.S. With access to a wide variety of markets, including both admitted and non-admitted companies, Northeast Coverages is an invaluable partner for its retail broker clients. PhiloSmith acted as Northeast Coverages’ financial advisor in the transaction.

has been acquired by

Venture Agency Holdings, Inc.

Acted as exclusive financial advisor to Venture Agency Holdings, Inc. (“Venture”) in its sale to Whitetail Insurance Services, LLC. Founded in 2013, Venture provides customized property and casualty insurance to Security Guards, Private Investigators and Alarm Contractors. Available exclusively to agency partners with deep industry knowledge, Venture offers the expertise, service and commitment that has made the company a preferred national partner. This allows Venture to have a deep understanding of the unique insurance needs of employers and their teams.

has been acquired by

C&M First Services, Inc

Acted as exclusive financial advisor to C&M First Services, Inc. (C&M) in its sale to One80 Intermediaries. Established in 1989 and based in New York City, C&M is a full-service brokerage firm that provides commercial and personal lines insurance to Asian American retail brokers throughout the United States. C&M is one of the largest Asian American owned insurance agencies in the United States. The firm provides innovative insurance solutions that are designed for clients with diverse backgrounds and unique requirements. The C&M team is multi-cultured and multi-lingual, ensuring brokers receive tailored solutions and market leading customer service.

have been acquired by

Smithwick & Mariners, MidCoast, and Chapman & Chapman

Acted as exclusive financial advisor to Smithwick & Mariners, Inc., MidCoast Insurance Agency, LLC, and IGWT, Inc. dba Chapman & Chapman Insurance (collectively, Smithwick & Mariners) in their sale to Brown & Brown, Inc. Originally founded in 1987 to service the marine industry (marinas, yacht clubs, boat builders, fishing vessels, tug operations and yachts), Smithwick & Mariners has evolved its capabilities to provide innovative risk solutions to business owners and individuals throughout Maine and greater New England. The Smithwick & Mariners companies are led by Scott Smithwick and Chris Smithwick. Following the acquisition, the Smithwick & Mariners team will continue doing business from their existing offices in Maine, Massachusetts and New Hampshire and will operate within Brown & Brown’s Retail segment. Scott and Chris will continue to lead the team and will report to Don McGowan, a regional president in Brown & Brown’s Retail segment.

has acquired

JTR Insurance Agency, Inc.

Acted as exclusive financial advisor to JTR Insurance Agency in its acquisition of Robert Lenoil Insurance Agency of Placerville, California.

No press release has been issued for this transaction.

has acquired

Everett Cash Mutual Insurance Company

Acted as exclusive financial advisor to Everett Cash Mutual Insurance Company (ECM) in its acquisition of American Reliable Insurance Company’s Farm, Ranch and Equine business. American Reliable Insurance Company (ARIC) is a subsidiary of Global Indemnity Group LLC (GBLI), offering agricultural coverage through general and independent agents throughout the U.S. GBLI will receive approximately $85 million, including the release of capital currently supporting ARIC’s operations (over the course of the next 12 months). GBLI will receive $30 million for the sale of renewal rights and will receive an amount equal to surplus when ARIC is sold. Until ECM acquires American Reliable, ECM will be providing GBLI with 100% quota share reinsurance in respect of policies subject to the renewal rights agreement with ECM.

has been acquired by

The Shepherd Agency, LLC

Acted as exclusive financial advisor to The Shepherd Agency, LLC in its sale to Assured Partners. Headquartered in Fort Washington, PA, The Shepherd Agency, LLC is a surety bond-only agency that specializes in providing surety bonds to the construction industry. Shepherd has served as one of the largest Contract Surety bond agents in the Philadelphia / Delaware Valley marketplace for over 50 years. The team of ten will remain under the current operational leadership of Rick Shepherd.

has been acquired by

Delta General Insurance Agency

Acted as exclusive financial advisor to Delta General Agency Corporation in its sale to Jencap Group. Founded in 1959 and based in Houston, Texas, Delta General is a full-service specialty wholesale brokerage and managing general agency. Delta was formed over 60 years ago to provide Texas retail producers access to specialized insurance facilities, and their capabilities grew from there. Delta General is a wholesale intermediary for approximately 50 admitted and non-admitted special risk carriers.

has been acquired by

Cameron M. Wilson & Associates

Acted as exclusive financial advisor to Cameron M. Wilson & Associates in its sale to The McGowan Companies. Cameron M. Wilson is a program administrator and wholesale insurance broker that specializes in the underwriting and placement of Marine, Inland Marine, Habitational, and Miscellaneous E&S risks. After the transaction, the staff of Cameron M. Wilson will remain in place, led by Robert Carder, Director and Program Manager. All of Cameron M. Wilson's brokers will receive automatic, initial appointments with McGowan and its full range of products and capabilities. Coverage is available in all 50 states and Washington, D.C.

 

 

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have been acquired

Granada Insurance Company and GIC Underwriters

Acted as exclusive financial advisor to Granada Insurance Company and GIC Underwriters in their sale to an Investor Group. Granada Insurance Company is a Florida domiciled underwriter and GIC Underwriters is a licensed surplus lines agency and managing general agent, offering a broad suite of commercial products (together, the “Companies”). The Companies specialize in underwriting and distributing selected commercial insurance products catered to a targeted network of retail agencies across Florida and the southern U.S., with unmatched expertise in the growing Hispanic market. With a 35-year track record, the Companies have built a strong reputation through their commercial non-property focus.