Industry Transaction Details (as of February 28, 2025)

Who’s Buying
Insurance Brokerage	785
Insurance Carrier and Other	18
Banks and Thrifts	7

What’s Being Bought
Full Service	171
P&C	476
Employee Benefits	164

Retail vs. Specialty
Retail	699
Specialty	112

All transactions listed are announced deals involving public companies, private equity backed brokers, private companies, banks, InsurTech companies (2017-2018 only) as well as others including private equity groups, underwriters, specialty lenders, etc. All targets are U.S. only. This data displays a snapshot at a particular point in time and has not been updated to reflect subsequent changes in prior years, if any. MarshBerry estimates that only 50 – 60% of all transactions are actually made public. Past performance is not necessarily indicative of future results. Data reported YTD as of 2/28/2025

Source: S&P Global Market Intelligence, Insurance Journal, and other publicly available sources

Buyer

Deal Year

Location

Buyer Type

Seller Type

Seller Line of Business

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Announced Date	Deal Year	Buyer	Seller	Seller Location	Buyer Type	Seller Type	Seller Line of Business
05/29/19	2019	Inszone Insurance Services, Inc.	McGhee & Assoc Insurance Agency, Inc.	AZ	Independent Agency/Broker	Retail	Multi Line
05/29/19	2019	Risk Strategies Company, LLC	MainStreet Consulting Group, Inc.	TX	Independent Agency/Broker- Private Capital Backed	MGA	P&C
05/28/19	2019	Arthur J. Gallagher & Co.	Cairnstone Financial LLC	IN	Public Broker	Retail	EB & Consulting
05/22/19	2019	Hilb Group LLC	Keane Insurance Group, Inc.	MO	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/21/19	2019	Arthur J. Gallagher & Co.	Innovative Coverage Concepts, LLC	NJ	Public Broker	MGA	P&C
05/21/19	2019	Arthur J. Gallagher & Co.	RPA Insurance Services, LLC	NJ	Public Broker	MGA	P&C
05/20/19	2019	USI Holdings Corporation	Chernoff Diamond & Co.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/17/19	2019	Frederick H. DiMeo Insurance Agency, Inc.	Ozwald and Speaker Insurance Services, Inc.	CA	Independent Agency/Broker	Retail	P&C
05/15/19	2019	Confie Seguros Insurance Services	Best Rate Insurance Agency, Inc./Luxor Insurance		Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/15/19	2019	High Street Insurance Partners, LLC	Korthase Flinn Financial Inc.	MI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/14/19	2019	Lee Equity Partners, LLC	K2 Insurance Services, LLC	CA	Other Buyer	MGA	P&C
05/09/19	2019	Relation Insurance, Inc.	Service First Insurance	VA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/08/19	2019	Hub International Limited	Rims Insurance Brokerage Corp.	RI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/08/19	2019	Reliance Global Group, Inc.	Altruis Benefit Consultants, Inc.	MI	Other Buyer	Retail	EB & Consulting
05/08/19	2019	Rogers & Gray Insurance Agency, Incorporated	Paul Peters Agenyc, Inc.	MA	Independent Agency/Broker	Retail	P&C
05/08/19	2019	Ryan Specialty Group, LLC	Atlantic Specialty Lines, Inc.	VA	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
05/08/19	2019	Sunstar Insurance Group, LLC	Todd Agency, Inc.	AR	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/07/19	2019	Aon Corporation	Book of business	TX	Public Broker	MGA	P&C
05/07/19	2019	W. N. Tuscano Agency, Inc.	Insurance Markets, Inc.	PA	Independent Agency/Broker	MGA	P&C
05/06/19	2019	AssuredPartners, Inc.	Esser Hayes Insurance Group, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/06/19	2019	Gary C. Grant Insurance Agency, Inc.	Ned A. Speiser Insurance Agency, Inc.	OH	Independent Agency/Broker	Retail	Multi Line
05/06/19	2019	Morneau Shepell Limited	Pension Plan Administration Business		Other Buyer	Retail	EB & Consulting
05/06/19	2019	NFP Corp.	GCG Risk Management, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/03/19	2019	Hub International Limited	Resource Insurance Services, Inc.	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/03/19	2019	KTA, LLC	Ames Insurance Center, Inc.	IA	Independent Agency/Broker	Retail	P&C
05/03/19	2019	Reliance Global Group, Inc.	Fortman Insurance Agency, LLC	OH	Other Buyer	Retail	P&C
05/02/19	2019	Alliant Insurance Services	North County Insurance	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/02/19	2019	Hub International Limited	all assets of First Western Insurance Agency, Inc.	SD	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/01/19	2019	Acrisure, LLC	Madison Brokerage Corp.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	UT	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	TN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	KY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	CT	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Alera Group, Inc.	ARMS Insurance Group, LLC	PA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/01/19	2019	Alera Group, Inc.	HighRidge Insurance Services	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/01/19	2019	Alera Group, Inc.	Shepler & Fear General Agency, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
05/01/19	2019	Alera Group, Inc.	Shomer Insurance Agency, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
05/01/19	2019	BB&T Corporation	Argenia, LLC	AR	Bank or Thrift	MGA	P&C
05/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	TN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Digital Insurance, Inc.	Benefit Group, LLC	CO	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/01/19	2019	Foundation Risk Partners, Corp.	Undisclosed insurance agency	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Galloway-Chander-McKinney Insurance Agency, Inc.	Hopkins Insurance Agency, LLC	MS	Independent Agency/Broker	Retail	Multi Line
05/01/19	2019	Hilb Group LLC	360 Corporate Benefit Advisors	CT	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/01/19	2019	Hilb Group LLC	Summit Insurance Services, LLC	VA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/01/19	2019	InterWest Insurance Services, LLC	Brenk & Co. Insurance Services, Inc.	CA	Independent Agency/Broker	Retail	Multi Line
05/01/19	2019	NFP Corp.	Excel Bonds & Insurance Services Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
05/01/19	2019	Risk Strategies Company, LLC	Winter Group Inc.	CA	Independent Agency/Broker- Private Capital Backed	MGA	P&C
05/01/19	2019	Tangram Insurance Services, Inc.	GMG Underwriters, LLC	PA	Independent Agency/Broker	MGA	P&C
05/01/19	2019	Tompkins Financial Corporation	Cali Agency, Inc.	NY	Bank or Thrift	Retail	P&C
04/30/19	2019	Beatty Insurance, Inc.	Seymour branch of Friendship Insurance	IN	Independent Agency/Broker	Retail	P&C
04/29/19	2019	Charles W. Merriam & Son, Inc	Armoer Risk Management, Inc.	NY	Independent Agency/Broker	Retail	Multi Line
04/24/19	2019	Digital Insurance, Inc.	Northwest General Insurance Agency Inc.	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/24/19	2019	Seeman Holtz Property and Casualty, Inc.	Schwarz Insurance Agency, Inc.	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/23/19	2019	Tokio Marine HCC	AmTrust Agricultural Insurance Services	KS	Insurance Company	MGA	P&C
04/19/19	2019	AssuredPartners, Inc.	Premier Insurance Corporation, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/18/19	2019	Brit Ltd.	Ambridge Partners LLC	NY	Independent Agency/Broker	MGA	P&C
04/18/19	2019	Montgomery Insurance & Investment Agency, Inc.	Champion Insurance Associates, Inc.	OH	Independent Agency/Broker	Retail	Multi Line
04/17/19	2019	Digital Insurance, Inc.	Captiva Benefit Solutions, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
04/17/19	2019	Integrity Marketing Group LLC	Savers Management Group, Inc.	NC	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
04/16/19	2019	AssuredPartners, Inc.	Cohen-Bailie Insurance, LLC	GA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/16/19	2019	Fringe Benefit Group	Century Healthcare, LLC	TX	Independent Agency/Broker	MGA	EB & Consulting
04/16/19	2019	Korthase Flinn	Northern Michigan Benefits & Insurance Services, Inc	MI	Independent Agency/Broker	Retail	EB & Consulting
04/16/19	2019	Starkweather & Shepley Insurance Brokerage, Inc.	Wilson Agency, Inc.	CT	Independent Agency/Broker	Retail	Multi Line
04/15/19	2019	AssuredPartners, Inc.	Baldwin-Cox Agency, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/15/19	2019	Brown & Brown, Inc.	ALMEA Insurance, Inc.	WA	Public Broker	Retail	Multi Line
04/15/19	2019	EPIC (Edgewood Partners Insurance Center)	Book of business		Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/11/19	2019	Integrated Specialty Coverages, LLC	Paramount General Agency/Paramount Acceptance Corp.	TX	Independent Agency/Broker- Private Capital Backed	MGA	P&C
04/09/19	2019	Distinguished Programs Holdings LLC	ProHost USA	MN	Independent Agency/Broker	MGA	P&C
04/09/19	2019	Peter C. Foy & Associates Insurance Services, LLC	Hipskind Seyfarth Risk Solutions, LLC	IL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/08/19	2019	Valley Insurance Agency Alliance, LLC	Nichols Insurance Agency LLC	MO	Independent Agency/Broker	Retail	P&C
04/05/19	2019	Hub International Limited	Assets of Corey Steinbach Insurance Agency LLC	MN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/05/19	2019	Integrity Marketing Group LLC	MultiState Insurance Center Inc.	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/05/19	2019	OceanPoint Financial Partners, MHC	Paquin Insurance Agency	RI	Bank or Thrift	Retail	Multi Line
04/04/19	2019	Hub International Limited	M.B.I. Group LLC	MS	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/03/19	2019	Hub International Limited	Premiere Risk Management	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/02/19	2019	Cerity Partners LLC	Bd4ria Insurance Agency LLC	TX	Other Buyer	Retail	P&C
04/02/19	2019	Marsh & McLennan Companies, Inc.	Lovitt & Touché, Inc.	AZ	Public Broker	Retail	Multi Line
04/02/19	2019	Pavese-Mccormick Agency, Inc.	Commercial Lines Book		Independent Agency/Broker	Retail	Multi Line
04/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/19	2019	Baldwin Risk Partners	Undisclosed insurance agency		Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/19	2019	BroadStreet Partners, Inc.	assets of undisclosed agency	OH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/19	2019	BroadStreet Partners, Inc.	Certain insurance assets	AZ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/19	2019	Bush-Re-Shea Insurance Agency	A.M. Peck & Company	OH	Independent Agency/Broker	Retail	Multi Line
04/01/19	2019	Hamilton Insurance Group, Inc.	Jones & Associates Insurance Services, Ltd.	OH	Independent Agency/Broker	Retail	Multi Line
04/01/19	2019	Hilb Group LLC	eBenefits Group Northeast, LLC	CT	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
04/01/19	2019	Hilb Group LLC	Walker Brothers Insurance	AR	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/19	2019	McGowan Companies	Jackson-McCormick Insurance	IN	Independent Agency/Broker	MGA	Multi Line
04/01/19	2019	NFP Corp.	ShawHankins, Inc.	GA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
04/01/19	2019	Peter C. Foy & Associates Insurance Services, LLC	Broadfield Group, LLC	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/01/19	2019	Peter C. Foy & Associates Insurance Services, LLC	Grosslight Insurance, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
04/01/19	2019	Tokio Marine HCC	NAS Insurance Services, LLC	CA	Insurance Company	MGA	P&C
04/01/19	2019	White Mountains Insurance Group, Ltd.	Embrace Pet Insurance Agency LLC	OH	Insurance Company	MGA	P&C
04/01/19	2019	World Insurance Associates, LLC	Joseph A. Britton Agency Inc.	NJ	Independent Agency/Broker	Retail	Multi Line
04/01/19	2019	World Insurance Associates, LLC	Lampe-Batkin Associates, LLC	CT	Independent Agency/Broker	Retail	Multi Line
03/31/19	2019	Midwest Financial Holdings, LLC	Brickyard Financial Holdings, LLC	IN	Independent Agency/Broker	Retail	P&C
03/29/19	2019	AssuredPartners, Inc.	Goodworks Financial Group	CT	Independent Agency/Broker- Private Capital Backed	MGA	Multi Line
03/26/19	2019	Seeman Holtz Property and Casualty, Inc.	Prey Insurance Services, LLC	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/25/19	2019	Arthur J. Gallagher & Co.	Mclean Insurance Agency, Inc.	VA	Public Broker	Retail	Multi Line
03/22/19	2019	Seeman Holtz Property and Casualty, Inc.	Kaercher Campbell & Associates Insurance Brokerage	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/19/19	2019	Hub International Limited	RiteHealth Solutions, Inc.	CO	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/18/19	2019	NFP Corp.	BP Capital Partners LLC	OH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/15/19	2019	Brown & Brown, Inc.	Medval, LLC	MD	Public Broker	Retail	EB & Consulting
03/15/19	2019	Hanson Insurance Group	KMI Insurance LLC	OR	Independent Agency/Broker	Retail	P&C
03/14/19	2019	Brown & Brown, Inc.	Cossio Insurance Agency LLC	SC	Public Broker	MGA	P&C
03/13/19	2019	Arthur J. Gallagher & Co.	Hammerberg Insurance Services, Inc.	IA	Public Broker	Retail	P&C
03/13/19	2019	Baldwin Risk Partners	Lykes Insurance, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/12/19	2019	Hub International Limited	Insurance Programs of America Inc./Risk Advisors of America LLC	FL	Independent Agency/Broker- Private Capital Backed	MGA	P&C
03/12/19	2019	Risk Strategies Company, LLC	Krauter & Company, LLC	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/11/19	2019	Arthur J. Gallagher & Co.	Merit Insurance Inc.	CT	Public Broker	Retail	Multi Line
03/11/19	2019	DiBuduo & DeFendis Insurance Brokers, LLC	Dority Insurance & Financial Services, Inc.	CA	Independent Agency/Broker	Retail	P&C
03/11/19	2019	Hub International Limited	Insurance Exchange, Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/08/19	2019	AssuredPartners, Inc.	Duffy & Livingston, LLC	NJ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/08/19	2019	Brown & Brown, Inc.	Austin & Austin Insurance Services, Inc.	CA	Public Broker	Retail	P&C
03/07/19	2019	Hub International Limited	Peak Financial Group, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/06/19	2019	Synchrony Financial	Pets Best Insurance Services, LLC	ID	Other Buyer	Retail	P&C
03/05/19	2019	Relation Insurance, Inc.	Villane Ward Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/04/19	2019	Hub International Limited	Integrated Risk Solutions, Inc	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/04/19	2019	Kingsway Financial Services Inc.	Geminus Holding Company, Inc.	PA	Insurance Company	Retail	P&C
03/04/19	2019	Marsh & McLennan Companies, Inc.	Employee Benefits Group, Inc.	MD	Public Broker	Retail	EB & Consulting
03/04/19	2019	Reliance Partners, LLC	CTS Insurance Agency, LLC	CA	Independent Agency/Broker	Retail	P&C
03/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	NY	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	Acrisure, LLC	Whitmore Group, Ltd.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/01/19	2019	Alera Group, Inc.	Dohrmann Insurance Agency Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/01/19	2019	Alera Group, Inc.	Phalanx Healthcare Solutions, LLC	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	Alera Group, Inc.	TriSure Corporation	NC	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	Alera Group, Inc.	Undisclosed insurance agency	NV	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	Alpha Growth plc	Colva Insurance Services Corp.	CA	Other Buyer	MGA	P&C
03/01/19	2019	BroadStreet Partners, Inc.	Book of Business	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/01/19	2019	Engle-Hambright & Davies, Inc.	J. Seltzer Associates	PA	Independent Agency/Broker	Retail	EB & Consulting
03/01/19	2019	Hilb Group LLC	Marsh-Kemp Insurance, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
03/01/19	2019	Insurance Group of St. Charles County, LLC	BLP Insurance Services LLC	GA	Independent Agency/Broker	Retail	P&C
03/01/19	2019	Insurance Strategies Consulting, LLC	Undisclosed insurance agency	TX	Independent Agency/Broker	Retail	P&C
03/01/19	2019	Triangle Insurance & Associates, LLC	MSH Insurance Agency, LLC	NC	Independent Agency/Broker	Retail	Multi Line
03/01/19	2019	World Insurance Associates, LLC	MedNET Financial, Inc.	NJ	Independent Agency/Broker	Retail	Multi Line
03/01/19	2019	World Insurance Associates, LLC	Professional Insurance Associates, Inc.	NJ	Independent Agency/Broker	Retail	Multi Line
03/01/19	2019	WTPhelan & Co. Insurance Agency, Inc.	Robert J. Cappadona Insurance Agency	MA	Independent Agency/Broker	Retail	P&C
02/28/19	2019	Theodore & Associates	Capital Insurance Solutions, LLC	SC	Independent Agency/Broker	Retail	EB & Consulting
02/27/19	2019	InterWest Insurance Services, LLC	Placer Insurance Agency	CA	Independent Agency/Broker	Retail	Multi Line
02/21/19	2019	Aquiline Holdings LLC	Relation Insurance, Inc.	CA	Other Buyer	Retail	EB & Consulting
02/21/19	2019	Evraz Plc	Ideal Adjusting, Inc.	TX	Other Buyer	Retail	P&C
02/21/19	2019	GTCR LLC	Assured Partners, Inc.	FL	Other Buyer	Retail	Multi Line
02/20/19	2019	Preservation Capital Partners, LLC	Cove Programs	CA	Independent Agency/Broker- Private Capital Backed	MGA	P&C
02/19/19	2019	C&S Insurance Agency, Inc.	Francis M. Walley Insurance Agency, Inc.	MA	Independent Agency/Broker	Retail	P&C
02/19/19	2019	Integrity Marketing Group LLC	Senior Select Insurance Group, LLC	GA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/18/19	2019	Brown's Insurance Agency, Inc.	Paramount Insurance Agency, Inc.	VA	Independent Agency/Broker	Retail	P&C
02/18/19	2019	Patriot Growth Insurance Services, LLC	Ahern Insurance Services	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/18/19	2019	Patriot Growth Insurance Services, LLC	Copeland Insurance Services	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/18/19	2019	Patriot Growth Insurance Services, LLC	Mission Benefits, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/18/19	2019	Patriot Growth Insurance Services, LLC	Scarborough Insurance Agency, LLC	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/18/19	2019	SSM Insurance Services, Inc.	Advanced Benefits & Insurance Marketing Corp.	CA	Independent Agency/Broker	Retail	EB & Consulting
02/15/19	2019	AssuredPartners, Inc.	Tolman & Wilker Insurance Services, LLC	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/15/19	2019	Brown & Brown, Inc.	Donald P. Pipino Company, LTD	OH	Public Broker	MGA	P&C
02/15/19	2019	Ryan Specialty Group, LLC	Myron F. Steves Company	TX	Independent Agency/Broker- Private Capital Backed	Wholesale	Multi Line
02/14/19	2019	Digital Insurance, Inc.	Veritas Risk Services	IL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/12/19	2019	Arthur J. Gallagher & Co.	Surety Solutions, LLC/Agency Multiplied, Inc.	OR	Public Broker	Retail	P&C
02/12/19	2019	Brown & Brown, Inc.	Smith Insurance Associates, Inc.	PA	Public Broker	Retail	Multi Line
02/12/19	2019	California Insurance Specialists	Wm K Lyons Agencys Inc.	CA	Independent Agency/Broker	Retail	Multi Line
02/12/19	2019	Patriot Growth Insurance Services, LLC	Turner Insurance & Bonding Company	AL	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/12/19	2019	Ryan Specialty Group, LLC	International Specialty Insurances Inc..	NC	Independent Agency/Broker- Private Capital Backed	MGA	P&C
02/12/19	2019	USI Holdings Corporation	U.S. Risk Insurance Groups LLC.	TX	Independent Agency/Broker- Private Capital Backed	MGA	P&C
02/11/19	2019	Ryan Specialty Group, LLC	Westphalen Insurance Services Inc.	OK	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
02/07/19	2019	AssuredPartners, Inc.	Hardy Aviation Insurance, Inc.	KS	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/06/19	2019	Brown & Brown, Inc.	Lambert, Riddle, Schimmel & Company, LLLP	VA	Public Broker	Retail	Multi Line
02/06/19	2019	Hub International Limited	Motorsports Book Of Business	IN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/06/19	2019	Reliance Global Group, Inc.	Southwestern Montana Financial Center, Inc.	MT	Other Buyer	Retail	EB & Consulting
02/06/19	2019	T.W. Cooper Insurance, LLC	Smale Stover Insurance, Inc.	PA	Independent Agency/Broker	Retail	Multi Line
02/05/19	2019	AmeriLife Group, L.L.C.	Rawlings Insurance Services Inc.	TX	Independent Agency/Broker	Retail	P&C
02/05/19	2019	AssuredPartners, Inc.	Francis Hall Insurance Services	PA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/04/19	2019	EPIC (Edgewood Partners Insurance Center)	Integro Ltd.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/04/19	2019	Hub International Limited	Assets of US Insurance Source, LLC and its certain affiliates	TX	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/04/19	2019	USI Holdings Corporation	GFI Insurance Brokerage, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/03/19	2019	Private Investor- Kimberly Cunningham	Bob Snyder Insurance Agency, LLC	CO	Other Buyer	Retail	EB & Consulting
02/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	WA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/01/19	2019	Acrisure, LLC	Undisclosed insurance agency	MN	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
02/01/19	2019	Alera Group, Inc.	Broad Reach Benefits, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/19	2019	Alera Group, Inc.	Whipple & Company, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/19	2019	BroadStreet Partners, Inc.	Certain insurance Assets	MN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/19	2019	Hub International Limited	Fortenberry Menamara LLC	MS	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/01/19	2019	McGowan Companies	Edgewater Holdings Ltd	IL	Independent Agency/Broker	MGA	P&C
02/01/19	2019	Relation Insurance, Inc.	J. Deutsch Assocates, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/19	2019	Spectrum Insurance Group, LLC	John Killey Insurance Agency, Inc.	WI	Independent Agency/Broker	Retail	Multi Line
02/01/19	2019	Texan Insurance	Rendon Insurance Group, LLC	TX	Independent Agency/Broker	Retail	P&C
02/01/19	2019	World Insurance Associates, LLC	KK Insurance Agency Inc.	NJ	Independent Agency/Broker	Retail	P&C
01/31/19	2019	Acrisure, LLC	HNI Risk Services Inc.	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line