CF Acquires 1 Source Business Solutions in Utah

PCF Insurance Services acquired 1 Source Business Solutions in Salt Lake City, Utah. 1 Source Business Solutions is a professional employer organization specializing in employee benefits, payroll administration, HR compliance and consulting, and workers’ compensation administration. Lehi, Utah-based PCF Insurance Services is a consultant and insurance brokerage firm offering commercial, life, and health, employee benefits, … Read more

Alliance 360˚ Acquires M.I. Insurance Solutions in California

Alliance 360˚ Insurance Solutions acquired M.I. Insurance Solutions, located in Cypress, California. M.I. Insurance Solutions was founded in 2005 as a joint venture between The J. Morey Company and Miyuki Inouye to provide clients with life and health benefits for individuals and employee groups, specifically focusing on small group benefits. The company will continue to … Read more

Thrive Mortgage acquires Ohio-based regional lender

Thrive Mortgage has struck a deal to acquire American Mortgage Service Co. in the latest merger among lenders announced this year. Georgetown, Texas-based Thrive, a lender licensed in 40 states, reached an agreement with AMSC that will expand its presence within the Midwest and South and add over 200 employees to its team.  “We’ve already … Read more

One80 acquires broker focused on Asian American market

Boston-based One80 Intermediaries Inc. said Tuesday it has acquired wholesaler C&M First Services Inc. Terms of the deal were not disclosed. New York-based C&M, which has about 25 employees according to its website, focuses on Asian American retail brokerages.   Matthew F. Power, president of One80 Intermediaries, noted in a statement that Asian American-owned businesses … Read more

Agency Aggregator Union Bay Acquires Farrell Insurance in Pennsylvania

Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed. Jerry Farrell, who founded Farrell Insurance Associates in 1996, has joined the board and the Farrell staff is now part of Union Bay Risk Advisors, … Read more

RB Jones Acquires ‘Smart’ Ocean Cargo Business From Corvus

Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance. The Corvus ocean cargo product offers an insurtech product for temperature-sensitive cargo such as food and pharmaceuticals. As part of the transaction, RB Jones will have exclusive access to underwrite … Read more

Australasia Underwriting acquires Precision property book – Daily – Insurance News

Australasia Underwriting has acquired the Precision Underwriting property book as part of a growth strategy targeting hard-to-place risks in the manufacturing, trades, commercial strata and recycling sectors. “There’s a gap in the market in these sectors for access to expert underwriting and we’re filling it, backed by Lloyd’s,” Director Alan Mackay said. “The acquisition of … Read more

RB Jones acquires Corvus’ Smart Cargo business

RB Jones, a unit of H.W. Kaufman Group, said Monday it has acquired Corvus Insurance’s Smart Cargo Insurance business. The coverage will be written through Skyward Specialty Insurance Group Inc., a surplus lines insurer. It will cover temperature-sensitive cargo such as food and pharmaceuticals, RB Jones said in a statement. Joining RB Jones from Corvus … Read more

Howden Acquires Born Consulting AG in Switzerland

Howden, the London-based independent insurance broker, announced the acquisition of Swiss broker Born Consulting AG. Founded in 2003 and based in Bern, Switzerland, Born Consulting is an independent insurance broker for national and international intermediaries, large companies and the public sector. Today, the group employs over 30 people and prides itself on its “entrepreneur for … Read more

Relation Insurance Acquires Mobeck-Guandalini in Connecticut

National insurance agency Relation Insurance Services has acquired Mobeck-Guandalini Insurance, a multi-line brokerage headquartered in Branford, Connecticut. Christopher Guandalini will continue to lead Mobeck-Guandalini Insurance under Relation going forward. Terms of the transaction were not disclosed. Mobeck-Guandalini Insurance transaction adds to Relation’s presence in Connecticut. In April, Relation acquired Guilford-based Yerkes-Stephens Insurance, which was previously … Read more