Specialty Intermediaries
THINK MARSHBERRY. THINK SOLUTIONS.
The Market Leader in Advising Specialty Insurance Intermediaries Since 2017
Facilitating introductions for new business development and strategic partnerships.
The specialty insurance intermediary sector continues to attract significant investor interest as firms navigate evolving market conditions, expanding distribution models, and increasing demand for specialized expertise. Whether you operate in wholesale brokerage, program administration, delegated authority, underwriting, or emerging specialty markets, growth requires a strategic approach to capital, talent, operations, and ownership planning.
MarshBerry works with specialty insurance intermediary firms at every stage of the ownership to help build, enhance, and sustain enterprise value. Advisors bring deep industry knowledge, proprietary market intelligence, and decades of transaction experience to support firms pursuing growth, perpetuation, acquisitions, capital raising, or strategic transformation.
Through a combination of investment banking, strategic consulting, valuation services, and market insights, MarshBerry helps specialty organizations make informed decisions that create long-term value.
Sectors We Serve
- Wholesale Brokerage
- Managing General Agents (MGAs)
- Managing General Underwriters (MGUs)
- Program Administrators
- Specialty Distributors
- Reinsurance Brokers
- InsurTech
- Risk Retention Groups
- Specialty Underwriting Organizations
Strategic Solutions Designed for Specialty Firms
Every specialty intermediary faces unique opportunities and challenges. MarshBerry’s solutions are customized to align with your firm’s objectives, ownership structure, growth strategy, and market position.
Investment Banking
Navigate mergers & acquisitions and capital raises with guidance
from advisors who understand the specialty intermediary marketplace.
Transaction Advisory
Empower smarter decisions and minimize risk with comprehensive analysis of due diligence and quality of earnings.
Consulting
Develop strategic plans that improve profitability, enhance scalability, and
position your organization for sustainable growth.
Valuation & Ownership Planning
Gain clarity on enterprise value, ownership transition strategies, and long-term succession planning.
Market Intelligence
Leverage proprietary data, transaction insights, and industry
benchmarking to stay ahead of market trends and competitive dynamics.
Executive Peer Exchange
Connect with other specialty intermediary leaders and gain actionable insights from executives facing similar opportunities and challenges.
Why Specialty Firms Partner with MarshBerry
Specialty insurance intermediaries operate differently than traditional retail brokerages. Success requires advisors who understand underwriting authority, program
economics, delegated distribution, carrier relationships, and specialty market dynamics.
MarshBerry combines decades of specialty insurance experience with one of the industry’s most comprehensive databases of transactions, valuations, and performance metrics. This perspective allows us to deliver insights that help clients make confident strategic decisions and capitalize on opportunities as the market evolves.
Proof Is In The Numbers
The Market Leader in Advising Specialty Insurance
Intermediaries Since 2017.
(2020–2025)
(2020–2025)
(2020–2025)
(2024–2025)
THOUGHT LEADERSHIP
MARSHBERRY PEAK PERFORMANCE SUMMIT
MARSHBERRY INSIGHTS AND PERSPECTIVES
MARSHBERRY CONNECT
Recent Transactions
Acquisition
Revau has acquired Triad Oilfield Underwriters
MarshBerry served as the financial advisor to Triad Oilfield Underwriters†
January 2026
Acquisition
Novacore has acquired CP Insurance Associates
MarshBerry served as the financial advisor to CP Insurance Associates†
December 2025
Acquisition
King Risk Partners, LLC has acquired Ten Eyck Group
MarshBerry served as the financial advisor to King Risk Partners, LLC
December 2025
Acquisition
Marsh & McLennan Agency, LLC. has acquired IC International from Tradewind Group
MarshBerry served as the financial advisor to Tradewind Group†
November 2025
Acquisition
Balance Partners, LLC has acquired Vilage & Company, LLC. and CURE Program Administrator, LLC
MarshBerry served as the financial advisor to Vilage & Company, LLC. and CURE Program Administrator, LLC†
November 2025
Acquisition
Wright Flood, a wholly owned subsidiary of Brown & Brown has acquired Poulton Associates, LLC
MarshBerry served as the financial advisor to Poulton Associates, LLC†
November 2025
Acquisition
Ryan Specialty, LLC has acquired Stewart Specialty Risk Underwriting Ltd.
MarshBerry served as the financial advisor to Stewart Specialty Risk Underwriting Ltd.
September 2025
Acquisition
The McGowan Companies has acquired Limit
MarshBerry served as the financial advisor to Limit†
August 2025
Acquisition
Brightstone Specialty Group has acquired RMS Hospitality Group and Fortis Risk Solutions
MarshBerry served as the financial advisor to RMS Hospitality Group and Fortis Risk Solutions†
June 2025
Acquisition
Specialty Program Group LLC has acquired ANOVA Marine Insurance
MarshBerry served as the financial advisor to ANOVA Marine Insurance†
April 2025
Acquisition
Heffernan Insurance Brokers has acquired Pac Global Insurance Brokerage, Inc.
MarshBerry served as the financial advisor to Pac Global Insurance Brokerage, Inc.†
March 2025
Acquisition
Balance Partners, LLC has acquired Vanguard Specialty, LLC
MarshBerry served as the financial advisor to Vanguard Specialty, LLC†
March 2025
Aquiline Capital Partners, LLC has made a majority investment alongside existing senior management in Intercare Holdings, Inc.
MarshBerry served as the financial advisor to Intercare Holdings, Inc.†
March 2025
Acquisition
Novatae Risk Group, LLC has acquired AJAX Specialty Insurance
MarshBerry served as the financial advisor to Novatae Risk Group, LLC
November 2024
Acquisition
HUB International Limited has acquired Global Ag Risk Solutions
MarshBerry served as the financial advisor to Hub International Limited
Toggle Transaction Details 11/18/24
HUB International Limited has acquired Global Ag Risk Solutions
MarshBerry served as the financial advisor to Hub International Limited
HUB International Limited has acquired Global Ag Risk Solutions Buyer: HUB International Limited Seller: Global Ag Risk Solutions MarshBerry Advisory Role: MarshBerry served as the financial advisor to Hub International Limited November 2024
Brightstone Specialty Group has acquired DMI Insurance Services and South Valley Claims
MarshBerry served as the financial advisor to DMI Insurance Services and South Valley Claims†
Toggle Transaction Details 11/2024
Brightstone Specialty Group has acquired DMI Insurance Services and South Valley Claims
MarshBerry served as the financial advisor to DMI Insurance Services and South Valley Claims†
Brightstone Specialty Group has acquired DMI Insurance Services and South Valley Claims Buyer: Brightstone Specialty Group Seller: DMI Insurance Services and South Valley Claims MarshBerry Advisory Role: MarshBerry served as the financial advisor to DMI Insurance Services and South Valley Claims† October 2024
Unison Risk Advisors has acquired Avondale Insurance Associates
MarshBerry served as the financial advisor to Avoca Holdings, the parent company of Avondale†
Toggle Transaction Details 10/10/2024
Unison Risk Advisors has acquired Avondale Insurance Associates
MarshBerry served as the financial advisor to Avoca Holdings, the parent company of Avondale†
Unison Risk Advisors has acquired Avondale Insurance Associates Buyer: Unison Risk Advisors Seller: Avondale Insurance Associates MarshBerry Advisory Role: MarshBerry served as the financial advisor to Avoca Holdings, the parent company of Avondale Insurance Associates† September 2024
Acquisition
CAC Group has acquired Media Guarantors
MarshBerry served as the financial advisor to Media Guarantors†
Toggle Transaction Details September 2024
CAC Group has acquired Media Guarantors
MarshBerry served as the financial advisor to Media Guarantors†
CAC Group has acquired Media Guarantors Buyer: CAC Group Seller: Media Guarantors Closed Date: 09/19/2024 MarshBerry Advisory Role: MarshBerry served as the financial advisor to Media Guarantors† September 2024
Acquisition
Specialty Program Group LLC has acquired Professional Insurance Executives, Inc.
MarshBerry served as the financial advisor to Professional Insurance Executives, Inc.†
Toggle Transaction Details September 2024
Specialty Program Group LLC has acquired Professional Insurance Executives, Inc.
MarshBerry served as the financial advisor to Professional Insurance Executives, Inc.†
Specialty Program Group LLC has acquired Professional Insurance Executives, Inc. Buyer: Specialty Program Group LLC Seller: Professional Insurance Executives, Inc. Closed Date: 09/13/2024 MarshBerry Advisory Role: MarshBerry served as the financial advisor to Professional Insurance Executives, Inc.† September 2024
Acquisition
South Shore Insurance Underwriters has acquired Linneman Specialty Insurance (LSI Insurance Services)
MarshBerry served as the financial advisor to Linneman Specialty Insurance (LSI Insurance Services)†
Toggle Transaction Details September 2024
South Shore Insurance Underwriters has acquired Linneman Specialty Insurance (LSI Insurance Services)
MarshBerry served as the financial advisor to Linneman Specialty Insurance (LSI Insurance Services)†
South Shore Insurance Underwriters has acquired Linneman Specialty Insurance (LSI Insurance Services) Buyer: South Shore Insurance Underwriters Seller: Linneman Specialty Insurance (LSI Insurance Services) Closed Date: 9/4/2024 MarshBerry Advisory Role: MarshBerry served as the financial advisor to Linneman Specialty Insurance (LSI Insurance Services)