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Industry Transactions

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2024 Acquisition Details (YTD as of March 31, 2024)

Who’s Buying
Insurance Brokers – Independent	16
Insurance Brokers – Public	9
Insurance Brokers – Private Capital-Backed	85
Insurance Carrier and Other	3
Banks and Thrifts	1

What’s Being Bought
Full Service	29
P&C	65
Multi Line	20

Retail vs. Specialty
Retail	95
Specialty	19

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 3/31/2024.

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
04/03/13	2013	NFP Corp.	Thoits Insurance Service, Inc.	CA	Public Broker	Retail	Multi Line
04/02/13	2013	Alan J. Kaufman Revocable Living Trust	Global Excess Partners, LLC	NY	Independent Agency/Broker	Wholesale	P&C
04/02/13	2013	Starkweather & Shepley Insurance Brokerage, Inc.	Crosbie-Macdonald MD Insurance Services	MA	Independent Agency/Broker	Retail	P&C
04/01/13	2013	Strickland Insurance Group, Inc.	Tower Transportation Underwriters, Inc.	VA	Insurance Company	Wholesale	P&C
03/21/13	2013	Smith-Feike-Minton, Inc.	Landen Insurance Agency	OH	Independent Agency/Broker	Retail	Multi Line
03/18/13	2013	CoVerica, Inc.	Pacific Agency, Inc.	TX	Independent Agency/Broker	Retail	P&C
03/15/13	2013	Sullivan Group	Book of California business from Network E&S Insurance Brokers	CA	Independent Agency/Broker	Wholesale	P&C
03/14/13	2013	Health Insurance Innovations, Inc.	Contract rights with TSG Agency, LLC		Independent Agency/Broker	Wholesale	EB & Consulting
03/05/13	2013	Total Dollar Management Effort, Ltd.	World Marine Underwriters, Inc.	FL	Independent Agency/Broker	Wholesale	P&C
03/04/13	2013	Arthur J. Gallagher & Co.	Metzler Brothers Insurance	MO	Public Broker	Retail	Multi Line
03/04/13	2013	Midwest Bancshares, Inc.	Risk Management Partners, Inc.	MN	Bank or Thrift	Retail	P&C
03/01/13	2013	NFP Corp.	Bay Benefits Insurance Services, Inc.	CA	Public Broker	Retail	EB & Consulting
02/28/13	2013	Genstar Capital, LLC	Acrisure, LLC	MI	Other Buyer	Retail	Multi Line
02/25/13	2013	Oswald Companies	Knezevich and Foerster, LLC.	OH	Independent Agency/Broker	Retail	EB & Consulting
02/21/13	2013	Digital Insurance, Inc.	Group Brokerage Insurance Agency LLC	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/20/13	2013	Stone Point Capital LLC	GWC Warranty Corporation	PA	Other Buyer	Wholesale	P&C
02/19/13	2013	Digital Insurance, Inc.	Benefit Services and Design, Inc.	NC	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/15/13	2013	Ulster Savings Bank	Breen Consulting Group Inc.	NY	Bank or Thrift	Retail	EB & Consulting
02/14/13	2013	AssuredPartners, Inc.	Douglas S. Gordon Insurance Services	KY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/14/13	2013	Ironshore Inc.	Excess Risk Reinsurance, Inc.	MS	Insurance Company	Wholesale	EB & Consulting
02/08/13	2013	AssuredPartners, Inc.	CFC Insurance	OH	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/06/13	2013	Integro, Ltd.	iTrade Risk & Insurance Services	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/06/13	2013	Johnson McCann Benefits, LLC	Apollo Insurance Agency / C.O. Brown Insurance Agency	MN	Independent Agency/Broker	Retail	Multi Line
02/06/13	2013	Leavitt Group Enterprises, Inc.	Shea Insurance	NV	Independent Agency/Broker	Retail	EB & Consulting
02/05/13	2013	Confie Seguros Insurance Services	Cannello Agency Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/05/13	2013	Confie Seguros Insurance Services	Moose Insurance, LLC	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/05/13	2013	Digital Insurance, Inc.	Capital Benefits Group, LLC	TN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
02/04/13	2013	AmWINS Group	CIMI Professional	CT	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
02/02/13	2013	Transportation Insurance Services, LLC	ICS	FL	Independent Agency/Broker	Wholesale	P&C
02/01/13	2013	First Niagara Financial Group, Inc.	Strategic Employee Benefit Services of North Carolina	NC	Bank or Thrift	Retail	EB & Consulting
02/01/13	2013	TowneBank	The Clement Companies, Inc.	NC	Bank or Thrift	Retail	Multi Line
01/31/13	2013	Hilb Group LLC	Pennoyer Group, Inc.	MD	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/31/13	2013	TriGen Insurance Solutions, Inc. - Management group	TriGen Insurance Solutions, Inc.	FL	Other Buyer	Retail	P&C
01/28/13	2013	Heffernan Insurance Brokers	Benefits Solutions Group	MO	Independent Agency/Broker	Retail	EB & Consulting
01/28/13	2013	Pinnacle Brokers Insurance Solutions, Inc.	E. M. Schumann Risk & Insurance Services, Inc.	CA	Independent Agency/Broker	Retail	Multi Line
01/23/13	2013	Cross Insurance	Skillings Shaw & Associates, Inc.	ME	Independent Agency/Broker	Retail	P&C
01/23/13	2013	Scottish American Capital	Buckingham Badler Associates	NY	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
01/18/13	2013	Tomlinson & O'Neil Insurance Agency Inc.	Kiley Insurance Agency	MA	Independent Agency/Broker	Retail	Multi Line
01/16/13	2013	ABD Insurance and Financial Services	Insurance Associates	CA	Independent Agency/Broker	Retail	Multi Line
01/16/13	2013	Leavitt Group Enterprises, Inc.	Konecki Insurance Brokerage	CA	Independent Agency/Broker	Retail	P&C
01/16/13	2013	Lightyear Capital LLC	Controlling investment in Cooper Gay Swett & Crawford Limited	UK	Other Buyer	Wholesale	P&C
01/09/13	2013	USI Holdings Corporation	Pediatrics Insurance Consultants, Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/08/13	2013	Bolton & Company	Preferred Specialty insurance Services	CA	Independent Agency/Broker	Retail	Multi Line
01/08/13	2013	Digital Insurance, Inc.	Health Star Consulting	MO	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
01/07/13	2013	Hilb Group LLC	B&H Insurance Services	NC	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/07/13	2013	Hilb Group LLC	CSE Insurance Agency Inc. / Financial Services Inc.	VA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/07/13	2013	Hub International Limited	Premier Insurance	ID	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/04/13	2013	Arthur J. Gallagher & Co.	Insurance Risk Managers of Missouri, Inc.	MO	Public Broker	Retail	P&C
01/04/13	2013	City Financial Corporation	McCormick-Metsker Agency, Inc.	IN	Other Buyer	Retail	Multi Line
01/04/13	2013	Russell Bond & Co. Inc.	Independent Garage & Towing Contractors Service, Inc.	NY	Independent Agency/Broker	Wholesale	P&C
01/03/13	2013	Arthur J. Gallagher & Co.	Argus Benefits Inc.	GA	Public Broker	Retail	EB & Consulting
01/03/13	2013	Arthur J. Gallagher & Co.	Gardner & White Corp.	IN	Public Broker	Retail	EB & Consulting
01/03/13	2013	Confie Seguros Insurance Services	Harmony Insurance	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/03/13	2013	Confie Seguros Insurance Services	Insurance World of Lauderdale Lakes	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/03/13	2013	Confie Seguros Insurance Services	Second City Insurance Corp.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/03/13	2013	Hub International Limited	CFR, Inc.	OK	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/03/13	2013	USI Holdings Corporation	Wick Pilcher Insurance, Inc.	AZ	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
01/02/13	2013	AmTrust Financial Services, Inc.	First Nonprofit Companies, Inc.	IL	Insurance Company	Retail	P&C
01/02/13	2013	Arthur J. Gallagher & Co.	Corporate Benefits Advisors LLC	FL	Public Broker	Retail	EB & Consulting
01/02/13	2013	Arthur J. Gallagher & Co.	Hardman & Howell Benefits, LLC	KS	Public Broker	Retail	EB & Consulting
01/02/13	2013	Fidelity National Financial, Inc.	Digital Insurance, Inc.	GA	Insurance Company	Retail	EB & Consulting
01/02/13	2013	MDW Insurance Group, Inc.	McCartney Insurance Agency, Inc.	FL	Independent Agency/Broker	Retail	Multi Line
01/02/13	2013	Peoples Bancorp, Inc.	Commercial insurance agency office and related customer accounts	KY	Bank or Thrift	Retail	P&C
01/01/13	2013	Carlisle Insurance Agency, Inc.	Corrigan Benefits, LLP	TX	Independent Agency/Broker	Retail	EB & Consulting
01/01/13	2013	University Bancorp, Inc.	Ann Arbor Insurance Centre	MI	Bank or Thrift	Retail	Multi Line
12/31/12	2012	AssuredPartners, Inc.	AlliancePlus, Inc.	NY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/31/12	2012	AssuredPartners, Inc.	Insurors of Kentucky	KY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/31/12	2012	AssuredPartners, Inc.	Tobias Insurance Group	IN	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/31/12	2012	AssuredPartners, Inc.	Wade & Egbert Insurance Partners	TN	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/31/12	2012	Brown & Brown, Inc.	Gilbert RV Insurance	FL	Public Broker	Retail	P&C
12/31/12	2012	Community Trust Financial Corporation	Thomas & Farr Agency, Inc.	LA	Bank or Thrift	Retail	Multi Line
12/31/12	2012	Dan Yoest Insurance Agency, Inc.	Steamboat Insurance Group LLC	MO	Independent Agency/Broker	Retail	P&C
12/31/12	2012	Hub International Limited	Benefit Concepts Inc.	LA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
12/31/12	2012	Hub International Limited	Intercare Insurance Solutions, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/31/12	2012	Hub International Limited	Maritime Insurance Group, Inc.	WI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/31/12	2012	Hylant Group, Inc.	Benefit Consulting Alliance, LLC	TN	Independent Agency/Broker	Retail	EB & Consulting
12/31/12	2012	Lake Norman Benefits, Inc.	Employee benefits business unit of Aquesta Insurance Services Inc.		Independent Agency/Broker	Retail	EB & Consulting
12/31/12	2012	Leavitt Group Enterprises, Inc.	Konecki Insurance Brokerage	CA	Independent Agency/Broker	Retail	P&C
12/31/12	2012	Lighthouse Insurance Group, Inc.	Mills Benefit Group, LLC	MI	Independent Agency/Broker	Retail	EB & Consulting
12/31/12	2012	Marsh & McLennan Companies, Inc.	Liscomb Hood Mason Company	MN	Public Broker	Retail	P&C
12/31/12	2012	Marsh & McLennan Companies, Inc.	McGraw Wentworth, Inc.	MI	Public Broker	Retail	EB & Consulting
12/31/12	2012	Richards Group	Thomas Insurance & Benefits	VT	Independent Agency/Broker	Retail	EB & Consulting
12/31/12	2012	United Nations Federal Credit Union	Industrial Coverage Corp.	NY	Bank or Thrift	Retail	Multi Line
12/31/12	2012	US Insurance Source, LLC	Alden Enterprises, Inc.	TX	Independent Agency/Broker	Retail	P&C
12/31/12	2012	US Insurance Source, LLC	Budget Insurance Agency of Texas, Inc.	TX	Independent Agency/Broker	Retail	P&C
12/31/12	2012	USI Holdings Corporation	Construction Insurance Partners	MO	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/31/12	2012	USI Holdings Corporation	WFL	MO	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/28/12	2012	Brown & Riding Insurance Services, Inc.	Travis-Pedersen & Associates, Inc.	IL	Independent Agency/Broker	Wholesale	P&C
12/28/12	2012	Ryan Specialty Group, LLC	International Facilities Insurance Services	CA	Independent Agency/Broker	Wholesale	P&C
12/27/12	2012	Arthur J. Gallagher & Co.	Heiser Insurance Agency, Inc.	IL	Public Broker	Retail	Multi Line
12/27/12	2012	Arthur J. Gallagher & Co.	The Eriksen Group, Inc.	MI	Public Broker	Retail	EB & Consulting
12/26/12	2012	AssuredPartners, Inc.	Davis-Garvin Agency Inc.	SC	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/21/12	2012	Regions Financial Corporation	Argyle Benefits Consultants, LLC	TN	Bank or Thrift	Retail	EB & Consulting
12/20/12	2012	Marsh & McLennan Companies, Inc.	Independent Insurance Group Benefits, Inc.	TX	Public Broker	Retail	EB & Consulting
12/19/12	2012	Arthur J. Gallagher & Co.	Ahrold Fay Rosenberg, Inc.	IA	Public Broker	Retail	Multi Line
12/19/12	2012	Arthur J. Gallagher & Co.	Jack Ahrold Agency, Inc.	IA	Public Broker	Retail	Multi Line
12/18/12	2012	AmWINS Group	Gresham & Associates, Inc.	GA	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
12/17/12	2012	Integro, Ltd.	The Rule Group	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/14/12	2012	Brown & Brown, Inc.	Rowlands & Barranca Agency, Inc.	NY	Public Broker	Retail	EB & Consulting
12/14/12	2012	California Contractors Insurance Services, Inc.	SUR Insurance Agency, Inc.	SD	Independent Agency/Broker	Retail	P&C
12/13/12	2012	AssuredPartners, Inc.	R. Stanford Webb Agency, Inc.	NC	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/13/12	2012	AssuredPartners, Inc.	Schifman Remley and Associates Inc./SRA Benefits Company LLC	KS	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/12/12	2012	Arthur J. Gallagher & Co.	Western Benefit Solutions, LLC	ID	Public Broker	Retail	EB & Consulting
12/12/12	2012	Higginbotham & Associates, Inc.	Coastal Insurance Group, LLC	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/11/12	2012	Arthur J. Gallagher & Co.	Charter Lakes Marine Insurance Agency, Inc.	MI	Public Broker	Retail	P&C
12/07/12	2012	Brown & Brown, Inc.	Edgren Hecker & Lemmon Insurance, Inc.	WA	Public Broker	Retail	Multi Line
12/07/12	2012	Brown & Brown, Inc.	R V America	CA	Public Broker	Retail	P&C
12/07/12	2012	Ladd Gardner Aviation Insurance Agency, Inc.	Cannon Aviation Insurance, Inc.	AZ	Independent Agency/Broker	Retail	P&C
12/06/12	2012	Acrisure, LLC	Arms Insurance Agency, Inc.	MI	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/06/12	2012	Brown & Brown, Inc.	Behnke & Associates, Inc.	FL	Public Broker	Retail	P&C
12/05/12	2012	AssuredPartners, Inc.	Schroeder Insurance	IN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/05/12	2012	Hub International Limited	Northern Insurance, Inc. (book of business)	NM	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/05/12	2012	Marsh & McLennan Companies, Inc.	Brower Insurance Agency, LLC	OH	Public Broker	Retail	Multi Line
12/04/12	2012	Arthur J. Gallagher & Co.	Brendis & Brendis Inc.	NE	Public Broker	Retail	EB & Consulting
12/03/12	2012	Caldwell and Partners, Inc.	Midlands Holding Corporation	OK	Other Buyer	Wholesale	P&C
12/03/12	2012	Confie Seguros Insurance Services	Briar Bay Insurance Agency, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/03/12	2012	Confie Seguros Insurance Services	CNS Insurance Group Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/03/12	2012	Confie Seguros Insurance Services	Got Insurance?, LLC	NV	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/03/12	2012	Confie Seguros Insurance Services	Maurisset Insurance Agency, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
12/02/12	2012	Acrisure, LLC	Insurance Exchange Agency, Inc.	MI	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
12/01/12	2012	English Insurance Agency, Inc.	Operations of State Central Financial Services, Inc.	IA	Independent Agency/Broker	Retail	Multi Line
12/01/12	2012	TrueNorth Companies LLC	First MainStreet Insurance, LLC	CO	Independent Agency/Broker	Retail	Multi Line
11/30/12	2012	W. N. Tuscano Agency, Inc.	Special Risk Solutions, Inc.	NY	Independent Agency/Broker	Wholesale	P&C
11/28/12	2012	Private investor - Mr. Brian Thornton	ProWriters	PA	Other Buyer	Wholesale	P&C
11/27/12	2012	Smith Brothers Insurance, Inc.	Camilleri & Clarke	CT	Independent Agency/Broker	Retail	P&C
11/26/12	2012	Onex Corporation	USI Holdings Corporation	NY	Other Buyer	Retail	Multi Line
11/23/12	2012	Kohlberg Kravis Roberts & Co. L.P.	Alliant Insurance Services, Inc.	CA	Other Buyer	Retail	Multi Line
11/21/12	2012	Northwest Bancshares, Inc.	The Bert Company	PA	Bank or Thrift	Retail	Multi Line
11/19/12	2012	Kingsway Financial Services Inc.	Intercontinental Warranty Services, Inc. (assets and liabilities)	FL	Insurance Company	Retail	P&C
11/16/12	2012	AssuredPartners, Inc.	John Dillard Insurance Agency, Inc.	KY	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/15/12	2012	AssuredPartners, Inc.	Gosnell Insurance	SC	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/15/12	2012	Digital Insurance, Inc.	Nielsen Benefits Group	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/15/12	2012	Tilton & Unger, Inc.	First Prime Insurance Services, LLC	FL	Independent Agency/Broker	Retail	P&C
11/13/12	2012	Murray Insurance Associates, Inc.	Brown & McCarter Insurance Agency	PA	Independent Agency/Broker	Retail	P&C
11/13/12	2012	One Life America, Inc.	Business One Insurance Services, Inc.	MS	Independent Agency/Broker	Retail	EB & Consulting
11/09/12	2012	ABRY Partners	Confie Seguros Insurance Services	CA	Other Buyer	Retail	P&C
11/09/12	2012	Huntleigh McGehee, Inc.	Great Southern Insurance Agency	MO	Independent Agency/Broker	Retail	Multi Line
11/08/12	2012	Marsh & McLennan Companies, Inc.	Protector Group Insurance Agency, Inc.	MA	Public Broker	Retail	Multi Line
11/07/12	2012	Brown & Brown, Inc.	Johnson & Strachan, Inc.	VA	Public Broker	Retail	Multi Line
11/05/12	2012	Hub International Limited	Connor & Kelly	WA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
11/05/12	2012	Hub International Limited	Raintree Insurance Agency, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/02/12	2012	RLI Corp.	Rockbridge Underwriting Agency Limited	TX	Insurance Company	Wholesale	P&C
11/01/12	2012	CBIZ, Inc.	Employee benefit division of Leavitt Pacific Insurance Brokers, Inc.	CA	Public Broker	Retail	EB & Consulting
11/01/12	2012	Digital Insurance, Inc.	Brown Insurance Services of Los Altos	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/01/12	2012	Hub International Limited	Fort Point Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/12	2012	IDP Holdings LLC	Hospitality business of National Specialty Underwriters, Inc.	WA	Other Buyer	Wholesale	P&C
10/31/12	2012	Hub International Limited	Commercial lines book of business from the Mahoney Group	AZ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/31/12	2012	Marsh & McLennan Companies, Inc.	Howalt+McDowell Insurance, Inc.	SD	Public Broker	Retail	Multi Line
10/26/12	2012	Arthur J. Gallagher & Co.	Aires Consulting Group, Inc.	IL	Public Broker	Retail	P&C
10/26/12	2012	AssuredPartners, Inc.	Lou Crawford & Associates, Inc.	KY	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/25/12	2012	Arthur J. Gallagher & Co.	IBIS Advisors	CA	Public Broker	Retail	EB & Consulting
10/23/12	2012	Arthur J. Gallagher & Co.	Park Row Associates, Inc.	RI	Public Broker	Retail	EB & Consulting
10/22/12	2012	Powter Insurance Inc	Jordan & Jordan Insurance Group Inc.	TX	Independent Agency/Broker	Retail	P&C
10/22/12	2012	Risk Strategies Company, LLC	D&D Insurance Agency, Inc.	MA	Independent Agency/Broker	Retail	P&C
10/18/12	2012	Argo Group International Holdings, Ltd.	John Sutak Insurance Brokers, Inc.	CA	Insurance Company	Wholesale	P&C
10/15/12	2012	Argo Group International Holdings, Ltd.	Mattei Insurance Services, Inc.	WA	Insurance Company	Wholesale	P&C
10/11/12	2012	Arthur J. Gallagher & Co.	Unison, Inc.	MN	Public Broker	Retail	EB & Consulting
10/11/12	2012	Digital Insurance, Inc.	1st Alliance, Inc.	FL	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/11/12	2012	EAC Brokerage, Inc.	B. David Kane Agency, Inc.	NY	Independent Agency/Broker	Retail	P&C
10/10/12	2012	Horton Group	Cassady, Neeser, & Brasseur, Inc.	IN	Independent Agency/Broker	Retail	Multi Line
10/09/12	2012	Digital Insurance, Inc.	Montgomery Benefits Group	PA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
10/08/12	2012	Preferred Concepts, LLC.	Metro Insurance Services	NJ	Independent Agency/Broker	Wholesale	P&C
10/05/12	2012	Arthur J. Gallagher & Co.	Coyle Insurance Agency, Inc	IL	Public Broker	Retail	Multi Line
10/05/12	2012	Hub International Limited	Commercial lines book of business from Wescom Insurance Services, LLC	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/05/12	2012	Hub International Limited	Mountain West Insurance & Financial Services, LLC	MT	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/04/12	2012	Bollinger, Inc.	Morville Agency	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
10/04/12	2012	Insurance Office of America	Johnsons Insurance Agency	FL	Independent Agency/Broker	Retail	P&C
10/04/12	2012	Insurance Office of America	Keys Insurance Services, Inc.	FL	Independent Agency/Broker	Retail	P&C
10/03/12	2012	Connex Credit Union, Inc.	CPM Insurance Services, LLC	CT	Other Buyer	Retail	P&C
10/02/12	2012	Alaska USA Federal Credit Union	Rentschler Insurance, Inc.	AK	Other Buyer	Retail	P&C
10/01/12	2012	CBIZ, Inc.	Strategic Employee Benefit Services - The Pruett Group, Inc.	TN	Public Broker	Retail	EB & Consulting
10/01/12	2012	Central Bancshares, Inc.	Riverbank Insurance Center	WI	Bank or Thrift	Retail	Multi Line
10/01/12	2012	Hub International Limited	Dempsey Insurance Agency, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
10/01/12	2012	MJ Insurance, Inc.	Mead & Company	IN	Independent Agency/Broker	Wholesale	P&C
10/01/12	2012	NFP Corp.	Lane McVicker, LLC	NY	Public Broker	Retail	P&C
10/01/12	2012	Ryan Specialty Group, LLC	Atlantic Star Intermediaries, LLC	NY	Independent Agency/Broker	Wholesale	P&C
10/01/12	2012	Southwest Business Corporation	Financial Insurance Corporation	KS	Other Buyer	Retail	P&C
10/01/12	2012	Southwest Business Corporation	National Insurance Protection, Inc	OR	Other Buyer	Retail	P&C
09/30/12	2012	Hallmark Financial Services, Inc.	Heath XS, LLC	NJ	Insurance Company	Wholesale	EB & Consulting
09/30/12	2012	Regions Financial Corporation	Story Capital Group, LLC	TN	Bank or Thrift	Retail	EB & Consulting
09/27/12	2012	Borden Perlman Insurance	Parker Remsen & Sullivan, Inc.	NJ	Independent Agency/Broker	Retail	P&C
09/25/12	2012	Hub International Limited	Carrion, Laffitte & Casellas, Inc.	PR	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
09/24/12	2012	Blue Cross and Blue Shield of South Carolina	ASG Risk Management Inc.	ME	Insurance Company	Wholesale	EB & Consulting
09/18/12	2012	AssuredPartners, Inc.	Moore & Johnson Agency, Inc.	NC	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
09/18/12	2012	Digital Insurance, Inc.	Strategic Benefit Solutions of Raleigh, N.C.	NC	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
09/17/12	2012	Cross Insurance	Sadler Insurance Agency, Inc.	NH	Independent Agency/Broker	Retail	Multi Line
09/14/12	2012	Brown & Brown, Inc.	Texas Security General Insurance Agency, Inc.	TX	Public Broker	Wholesale	P&C
09/12/12	2012	Cook, Hall, & Hyde, Inc.	Maran Corporate Risk Associates, Inc.	NY	Independent Agency/Broker	Retail	Multi Line
09/10/12	2012	BB&T Corporation	Select assets of Preferred Brokerage unit of Preferred Concepts	GA	Bank or Thrift	Wholesale	P&C
09/04/12	2012	AmWINS Group	Special Markets Insurance Consultants, Inc.	WI	Independent Agency/Broker- Private Capital Backed	Wholesale	P&C
09/01/12	2012	CBIZ, Inc.	Trinity Risk Advisors, Inc.	GA	Public Broker	Retail	P&C
09/01/12	2012	Hub International Limited	John D. Williams Company	TX	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
08/31/12	2012	AssuredPartners, Inc.	Jon-Wesley Insurance	OH	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
08/31/12	2012	Marsh & McLennan Companies, Inc.	Eidson Insurance	FL	Public Broker	Retail	Multi Line
08/31/12	2012	Marsh & McLennan Companies, Inc.	Rosenfeld Einstein	SC	Public Broker	Retail	Multi Line
08/31/12	2012	Stellarus Benefits, Inc.	SEBS Appleton, Inc.	WI	Independent Agency/Broker	Retail	EB & Consulting
08/22/12	2012	USI Holdings Corporation	TD Insurance, Inc.	ME	Independent Agency/Broker- Private Capital Backed	Retail	Multi Line
08/21/12	2012	Digital Insurance, Inc.	First Benefit Partners	TN	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
08/20/12	2012	BOLT Insurance Agency	Florida Direct Insurance Agency	FL	Independent Agency/Broker	Retail	Multi Line
08/20/12	2012	BOLT Insurance Agency	PFG Insurance Agency	FL	Independent Agency/Broker	Retail	Multi Line