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Strategic Business Moves for Sustainable Growth

• By gsswpadmin

National

Acrisure, Vave

Acrisure is set to acquire Vave, a managing general agent (MGA), from its parent company, Canopius. While the terms of the deal remain undisclosed, Vave will continue to operate under its established brand name. This acquisition allows Vave to join Acrisure Underwriting, which functions independently from Acrisure’s distribution network.

White Mountains, Bamboo, CVC Capital Partners

White Mountains has sold a controlling interest in the insurance distribution platform Bamboo to funds advised by CVC Capital Partners. White Mountains, based in Hamilton, Bermuda, initially acquired a majority stake in Bamboo in January 2024 for approximately $300 million to enter the California homeowners’ insurance market. The company retains about a 15% fully diluted equity stake in Midvale, Utah-based Bamboo.

Nationwide, Main Street America Insurance

Nationwide, headquartered in Columbus, Ohio, has entered into an agreement to acquire the renewal rights for surety and fidelity bonds issued by Main Street America Insurance, a subsidiary of American Family Insurance. The terms of this deal have not been disclosed. Nationwide emphasizes that this acquisition enhances its commitment to businesses and contractors, creating new opportunities for growth and innovation. The two companies anticipate closing the agreement by the end of the first quarter, pending customary closing conditions.

WTW, Newfront

Broker WTW has acquired Newfront to enhance its middle-market reach in specialties such as technology, fintech, and life sciences. San Francisco-based Newfront has developed a broking platform supported by a growing producer base, proprietary client-facing technologies, and advanced automation. The deal, valued at up to $1.3 billion, was announced in December 2025.

Alkeme, Merritt Hall, Couch Braunsdorf Insurance Group, JXX Insurance Agency, Bellwether, Health Connect Insurance Agency

Brokerage ALKEME Insurance has acquired five agencies over the last quarter, although the terms of these deals remain undisclosed. The acquired firms include:

  • Merritt Hall (Indianapolis, Indiana) – A P/C agency providing risk management and insurance solutions to businesses and individuals in the greater Indianapolis area.
  • Couch Braunsdorf Insurance Group (Liberty Corner, New Jersey) – A P/C insurance group serving New Jersey and the broader Mid-Atlantic region with comprehensive coverage and advisory services.
  • JXX Insurance Agency (San Clemente, California) – Focused on delivering tailored insurance programs to clients throughout Southern California.
  • Bellwether (Deerfield Beach, Florida) – Serving clients across Florida with a diverse mix of commercial and personal lines solutions.
  • Health Connect Insurance Agency (Santa Ana, California) – Specializing in critical care, ACA plans, and individual health coverage for employers and individuals in Southern California and beyond.

East

Marsh McLennan Agency, Robinson & Son

Marsh McLennan Agency (MMA) has acquired Robinson & Son, a Hudson Falls, New York-based agency specializing in the maritime industry. The terms of the acquisition remain undisclosed. Founded in 2005, the agency offers both commercial and personal lines insurance. All employees, including co-founder James Robinson, will join MMA and continue operating from their existing office location.

World Insurance Associates, Jersey Coast Insurance

World Insurance Associates has acquired the business of Jersey Coast Insurance, located in Margate City, New Jersey. The terms of the transaction have not been disclosed. Jersey Coast Insurance specializes in personal and commercial lines of insurance, particularly for coastal homes, condominiums, and flood risks. World Insurance, based in Iselin, New Jersey, serves clients from over 300 offices across the U.S. and U.K.

Marsh+Sterling, Sidle Insurance

New York-based national insurance agency Marshall+Sterling has acquired Sidle Insurance, an independent agency based in Montour Falls, New York. Sidle Insurance will operate as a division of Marshall+Sterling during the transition period. Marshall+Sterling is a 100% employee-owned agency.

Schrager Hampson Aviation Insurance Group, Einstein Insurance Inc.

Schrager Hampson Aviation Insurance Group (SHAIG) has acquired Einstein Insurance Inc., an aviation insurance agency based in New Castle, Delaware. Founder Dennis Einstein will remain with the firm post-acquisition, along with Salli Schoening. Jessica Petrecz has also joined SHAIG as an account executive to assist with Einstein Insurance clients. SHAIG is a family-owned aviation insurance specialty brokerage licensed in all 50 states, serving aircraft owners, charter operators, flight schools, airports, and aviation-related businesses nationwide.

Starkweather & Shepley Insurance Brokerage Inc., DiMatteo Insurance Brokers

Starkweather & Shepley Insurance Brokerage Inc. has acquired DiMatteo Insurance Brokers, an independent agency based in East Hartford, Connecticut. The agency is led by founder Angelo DiMatteo, who will join Starkweather & Shepley along with vice president Trina Nicholson. The DiMatteo Insurance team will operate from Starkweather & Shepley’s Bristol, Connecticut office.

Midwest

First Mid Insurance Group, Downs Insurance Agency

First Mid Insurance Group (FMIG) has acquired Downs Insurance Agency in Decatur, Illinois. This acquisition supports FMIG’s growth strategy across central Illinois and expands its presence in the Decatur market. All employees of Downs Insurance will join First Mid Insurance Group.

WalkerHughes, Inman Insurance Agency, Clark Insurance Agency

WalkerHughes Insurance has acquired Inman Insurance Agency in Salem, Missouri, and Clark Insurance Agency in Ballwin, Missouri. Inman Insurance Agency, led by owner Keith Inman, serves clients in Salem, Rolla, and Hartville. Mary Clark will remain at Clark Insurance Agency to support the transition and ongoing client relationships.

Preston Insurance Agency, Ansay & Associates

Preston Insurance Agency, a full-service independent agency with six locations across Illinois, has partnered with Ansay & Associates, marking the latter’s expansion into the Illinois market. Founded in 2008, Preston Insurance Agency has offices in Abingdon, Decatur, Mattoon, Pekin, Peoria, and Springfield. Ansay & Associates, headquartered in Wisconsin, serves clients across Wisconsin, Minnesota, Upper Michigan, and Florida.

The Baldwin Group, Obie

Florida-based global insurance broker The Baldwin Group has acquired Creisoft, Inc. and its subsidiaries, collectively known as Obie, a Chicago-based embedded insurance distribution business specializing in solutions for landlords and real estate investors. Obie serves real estate investors through various distribution channels, including direct-to-investor digital experiences and integrated partner platforms.

South Central

Novacore, CP Insurance Associates

Novacore, the specialty insurance managing general agent (MGA) formerly part of NSM Insurance Group, has entered into a definitive agreement to acquire CP Insurance Associates, a Texas-based agency specializing in lender-placed insurance, investor property, buy-here-pay-here programs, and financial institutions.

Insurica, First Light Program Managers

Insurica has acquired Florida-based First Light Program Managers, a wholesale brokerage and delegated underwriter specializing in trucking and marine coverage. This acquisition marks the largest in the 67-year history of Oklahoma-based Insurica. First Light is headquartered in Fort Lauderdale.

Southeast

Warner Pacific, Brokers Holding Group

Warner Pacific, a California-based general agency for brokers, has acquired Brokers Holding Group, a South Carolina general agency specializing in health plans and alternative funding for employer groups. Brokers Holding Group will continue to operate under its name, with co-owners Scott Lee and Lee Long remaining at the helm. Warner Pacific, a 40-year-old agency, provides employee benefits, compliance, and human resources to brokers and agents across 12 states.

Trucordia, Florida Insurance Inc.

Trucordia has acquired Florida Insurance Inc. in Dunedin, Florida. Based in Lindon, Utah, Trucordia offers commercial and personal lines as well as employee benefits. Led by CEO Felix Morgan, the firm has made acquisitions in several states in 2025, including Texas, Arkansas, and New England.

West

Relation Insurance Services, PT Business Solutions

Relation Insurance Services has acquired the assets of PT Business Solutions in South Pasadena, California. PT Business Solutions specializes in employee benefits, HR, payroll, workers’ compensation, and group retirement plans. Relation Insurance Services is an insurance brokerage backed by Aquiline Capital Partners, a private equity firm based in New York and London.

Gryphon Holdings, PrimeOne Insurance Company

Gryphon Holdings has agreed to acquire PrimeOne Insurance Company, a privately held specialty commercial lines carrier. PrimeOne will operate as a core underwriting platform under the Gryphon umbrella. The deal is expected to close in the first quarter, pending customary regulatory approvals. Gryphon is financed by Phoenix Merchant Partners and specializes in supporting program administrators and managing general agents in niche markets. PrimeOne is domiciled in Texas and headquartered in Scottsdale, Arizona.

National

Acrisure, Vave

Acrisure is set to acquire Vave, a managing general agent (MGA), from its parent company, Canopius. While the terms of the deal remain undisclosed, Vave will continue to operate under its established brand name. This acquisition allows Vave to join Acrisure Underwriting, which functions independently from Acrisure’s distribution network.

White Mountains, Bamboo, CVC Capital Partners

White Mountains has sold a controlling interest in the insurance distribution platform Bamboo to funds advised by CVC Capital Partners. White Mountains, based in Hamilton, Bermuda, initially acquired a majority stake in Bamboo in January 2024 for approximately $300 million to enter the California homeowners’ insurance market. The company retains about a 15% fully diluted equity stake in Midvale, Utah-based Bamboo.

Nationwide, Main Street America Insurance

Nationwide, headquartered in Columbus, Ohio, has entered into an agreement to acquire the renewal rights for surety and fidelity bonds issued by Main Street America Insurance, a subsidiary of American Family Insurance. The terms of this deal have not been disclosed. Nationwide emphasizes that this acquisition enhances its commitment to businesses and contractors, creating new opportunities for growth and innovation. The two companies anticipate closing the agreement by the end of the first quarter, pending customary closing conditions.

WTW, Newfront

Broker WTW has acquired Newfront to enhance its middle-market reach in specialties such as technology, fintech, and life sciences. San Francisco-based Newfront has developed a broking platform supported by a growing producer base, proprietary client-facing technologies, and advanced automation. The deal, valued at up to $1.3 billion, was announced in December 2025.

Alkeme, Merritt Hall, Couch Braunsdorf Insurance Group, JXX Insurance Agency, Bellwether, Health Connect Insurance Agency

Brokerage ALKEME Insurance has acquired five agencies over the last quarter, although the terms of these deals remain undisclosed. The acquired firms include:

  • Merritt Hall (Indianapolis, Indiana) – A P/C agency providing risk management and insurance solutions to businesses and individuals in the greater Indianapolis area.
  • Couch Braunsdorf Insurance Group (Liberty Corner, New Jersey) – A P/C insurance group serving New Jersey and the broader Mid-Atlantic region with comprehensive coverage and advisory services.
  • JXX Insurance Agency (San Clemente, California) – Focused on delivering tailored insurance programs to clients throughout Southern California.
  • Bellwether (Deerfield Beach, Florida) – Serving clients across Florida with a diverse mix of commercial and personal lines solutions.
  • Health Connect Insurance Agency (Santa Ana, California) – Specializing in critical care, ACA plans, and individual health coverage for employers and individuals in Southern California and beyond.

East

Marsh McLennan Agency, Robinson & Son

Marsh McLennan Agency (MMA) has acquired Robinson & Son, a Hudson Falls, New York-based agency specializing in the maritime industry. The terms of the acquisition remain undisclosed. Founded in 2005, the agency offers both commercial and personal lines insurance. All employees, including co-founder James Robinson, will join MMA and continue operating from their existing office location.

World Insurance Associates, Jersey Coast Insurance

World Insurance Associates has acquired the business of Jersey Coast Insurance, located in Margate City, New Jersey. The terms of the transaction have not been disclosed. Jersey Coast Insurance specializes in personal and commercial lines of insurance, particularly for coastal homes, condominiums, and flood risks. World Insurance, based in Iselin, New Jersey, serves clients from over 300 offices across the U.S. and U.K.

Marsh+Sterling, Sidle Insurance

New York-based national insurance agency Marshall+Sterling has acquired Sidle Insurance, an independent agency based in Montour Falls, New York. Sidle Insurance will operate as a division of Marshall+Sterling during the transition period. Marshall+Sterling is a 100% employee-owned agency.

Schrager Hampson Aviation Insurance Group, Einstein Insurance Inc.

Schrager Hampson Aviation Insurance Group (SHAIG) has acquired Einstein Insurance Inc., an aviation insurance agency based in New Castle, Delaware. Founder Dennis Einstein will remain with the firm post-acquisition, along with Salli Schoening. Jessica Petrecz has also joined SHAIG as an account executive to assist with Einstein Insurance clients. SHAIG is a family-owned aviation insurance specialty brokerage licensed in all 50 states, serving aircraft owners, charter operators, flight schools, airports, and aviation-related businesses nationwide.

Starkweather & Shepley Insurance Brokerage Inc., DiMatteo Insurance Brokers

Starkweather & Shepley Insurance Brokerage Inc. has acquired DiMatteo Insurance Brokers, an independent agency based in East Hartford, Connecticut. The agency is led by founder Angelo DiMatteo, who will join Starkweather & Shepley along with vice president Trina Nicholson. The DiMatteo Insurance team will operate from Starkweather & Shepley’s Bristol, Connecticut office.

Midwest

First Mid Insurance Group, Downs Insurance Agency

First Mid Insurance Group (FMIG) has acquired Downs Insurance Agency in Decatur, Illinois. This acquisition supports FMIG’s growth strategy across central Illinois and expands its presence in the Decatur market. All employees of Downs Insurance will join First Mid Insurance Group.

WalkerHughes, Inman Insurance Agency, Clark Insurance Agency

WalkerHughes Insurance has acquired Inman Insurance Agency in Salem, Missouri, and Clark Insurance Agency in Ballwin, Missouri. Inman Insurance Agency, led by owner Keith Inman, serves clients in Salem, Rolla, and Hartville. Mary Clark will remain at Clark Insurance Agency to support the transition and ongoing client relationships.

Preston Insurance Agency, Ansay & Associates

Preston Insurance Agency, a full-service independent agency with six locations across Illinois, has partnered with Ansay & Associates, marking the latter’s expansion into the Illinois market. Founded in 2008, Preston Insurance Agency has offices in Abingdon, Decatur, Mattoon, Pekin, Peoria, and Springfield. Ansay & Associates, headquartered in Wisconsin, serves clients across Wisconsin, Minnesota, Upper Michigan, and Florida.

The Baldwin Group, Obie

Florida-based global insurance broker The Baldwin Group has acquired Creisoft, Inc. and its subsidiaries, collectively known as Obie, a Chicago-based embedded insurance distribution business specializing in solutions for landlords and real estate investors. Obie serves real estate investors through various distribution channels, including direct-to-investor digital experiences and integrated partner platforms.

South Central

Novacore, CP Insurance Associates

Novacore, the specialty insurance managing general agent (MGA) formerly part of NSM Insurance Group, has entered into a definitive agreement to acquire CP Insurance Associates, a Texas-based agency specializing in lender-placed insurance, investor property, buy-here-pay-here programs, and financial institutions.

Insurica, First Light Program Managers

Insurica has acquired Florida-based First Light Program Managers, a wholesale brokerage and delegated underwriter specializing in trucking and marine coverage. This acquisition marks the largest in the 67-year history of Oklahoma-based Insurica. First Light is headquartered in Fort Lauderdale.

Southeast

Warner Pacific, Brokers Holding Group

Warner Pacific, a California-based general agency for brokers, has acquired Brokers Holding Group, a South Carolina general agency specializing in health plans and alternative funding for employer groups. Brokers Holding Group will continue to operate under its name, with co-owners Scott Lee and Lee Long remaining at the helm. Warner Pacific, a 40-year-old agency, provides employee benefits, compliance, and human resources to brokers and agents across 12 states.

Trucordia, Florida Insurance Inc.

Trucordia has acquired Florida Insurance Inc. in Dunedin, Florida. Based in Lindon, Utah, Trucordia offers commercial and personal lines as well as employee benefits. Led by CEO Felix Morgan, the firm has made acquisitions in several states in 2025, including Texas, Arkansas, and New England.

West

Relation Insurance Services, PT Business Solutions

Relation Insurance Services has acquired the assets of PT Business Solutions in South Pasadena, California. PT Business Solutions specializes in employee benefits, HR, payroll, workers’ compensation, and group retirement plans. Relation Insurance Services is an insurance brokerage backed by Aquiline Capital Partners, a private equity firm based in New York and London.

Gryphon Holdings, PrimeOne Insurance Company

Gryphon Holdings has agreed to acquire PrimeOne Insurance Company, a privately held specialty commercial lines carrier. PrimeOne will operate as a core underwriting platform under the Gryphon umbrella. The deal is expected to close in the first quarter, pending customary regulatory approvals. Gryphon is financed by Phoenix Merchant Partners and specializes in supporting program administrators and managing general agents in niche markets. PrimeOne is domiciled in Texas and headquartered in Scottsdale, Arizona.