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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
07/01/08	2008	Arthur J. Gallagher & Co.	Gale Smith & Co.	TN	Public Broker	Retail	P&C
07/01/08	2008	Assurance Investment Partners	Arison Insurance Services, Inc.	KY	Independent Agency/Broker	Retail	EB & Consulting
07/01/08	2008	Brown & Brown, Inc.	Taylor Benefit Services Inc.	GA	Public Broker	Retail	P&C
07/01/08	2008	Cullen/Frost Bankers, Inc.	Seeberger Insurance Associates, Inc.	TX	Bank or Thrift	Retail	EB & Consulting
07/01/08	2008	Dacotah Banks, Inc.	Wingert Insurance Agency	SD	Bank or Thrift	Retail	EB & Consulting
07/01/08	2008	Golden Gate Capital	Payment Insured Plan, Inc.	OR	Other Buyer	Retail	P&C
07/01/08	2008	LTC Global Solutions, Inc.	American Insurance Agency, Inc.	TN	Independent Agency/Broker	Retail	EB & Consulting
07/01/08	2008	Peel & Holland Financial Group	McNutt Insurance Inc.	KY	Independent Agency/Broker
07/01/08	2008	Peninsula General Insurance Agency	Liberty Company Insurance Brokers (assets of Los Angeles, CA location)	CA	Independent Agency/Broker
07/01/08	2008	Pinnacle Financial Partners, Inc.	Beach & Gentry Insurance Agency, LLC	TN	Bank or Thrift	Retail	P&C
07/01/08	2008	QBE Insurance Group Limited	S.I.U., LLC	CA	Insurance Company
06/30/08	2008	Digital Insurance, Inc.	16 agencies or blocks of their accounts		Independent Agency/Broker- Private Capital Backed
06/30/08	2008	Investor group	Banc Insurance Services, Inc.	MA	Other Buyer
06/24/08	2008	USI Holdings Corporation	4B Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed
06/23/08	2008	BEN-E-LECT	Affiliate Healthcare Administrators, Inc.	CA	Independent Agency/Broker	Retail	EB & Consulting
06/23/08	2008	OneBeacon Insurance Group, Ltd.	Entertainment Brokers International Insurance Services LLC	CA	Insurance Company	Wholesale	P&C
06/11/08	2008	Brown & Brown, Inc.	Alpha Benefits Group, Inc.	PA	Public Broker	Retail	EB & Consulting
06/09/08	2008	Odyssey Re Holdings Corp.	Hooghuis Group LLC	NY	Insurance Company	Wholesale	P&C
06/07/08	2008	Willis Group Holdings Limited	Hilb Rogal & Hobbs Company	VA	Public Broker	Retail	P&C
06/06/08	2008	Brown & Brown, Inc.	Dill, Joyce & Thresher, Inc.	CT	Public Broker	Retail	P&C
06/06/08	2008	Brown & Brown, Inc.	Edward J. Kernan & Company, Incorporated	CT	Public Broker	Retail	P&C
06/05/08	2008	Bearence Management Group	Rosenbloom & Rosenbloom	MN	Independent Agency/Broker	Retail	P&C
06/04/08	2008	QBE Insurance Group Limited	Deep South Holding, L.P.	TX	Insurance Company	Wholesale	P&C
06/03/08	2008	Hub International Limited	Nett & Champion Insurance Services	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
06/02/08	2008	Warner Pacific Insurance Services Inc.	Price Associates Insurance Services Inc.	CA	Independent Agency/Broker	Wholesale	EB & Consulting
06/01/08	2008	Arthur J. Gallagher & Co.	Lance Group, LLC	NJ	Public Broker	Retail	EB & Consulting
06/01/08	2008	Arthur J. Gallagher & Co.	Voluntary Benefits Solutions LLC	MI	Public Broker	Retail	EB & Consulting
06/01/08	2008	Brown & Brown, Inc.	HBA Insurance Group, Inc.	FL	Public Broker	Retail	P&C
06/01/08	2008	NIA Group LLC	Taylor Financial Services Group Inc.	FL	Independent Agency/Broker	Retail	EB & Consulting
05/30/08	2008	Brown & Brown, Inc.	DeBock & Muth Insurance Agency Inc.	CA	Public Broker	Retail	P&C
05/30/08	2008	High Point Bank Corporation	Robins & Weill Inc.	NC	Bank or Thrift	Retail	P&C
05/27/08	2008	Eastern Bank Corporation	Anderson Insurance Services Inc.	MA	Bank or Thrift	Retail	P&C
05/23/08	2008	Cherry Creek Insurance Agency, Inc.	Gaspar-Jones & Associates Inc.	CO	Independent Agency/Broker	Retail	P&C
05/20/08	2008	Lockton, Inc.	Schwander Insurance Services, LLC	CO	Independent Agency/Broker	Retail	P&C
05/19/08	2008	Alliant Insurance Services	Clearpoint LP	WA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/16/08	2008	Arthur J. Gallagher & Co.	Robert Petree Insurance Services	CA	Public Broker	Retail	EB & Consulting
05/16/08	2008	First Community Bancshares, Inc.	Allgood Insurance	NC	Bank or Thrift	Retail	P&C
05/12/08	2008	Express Personnel Services, Inc.	Unisource Administrators, Inc.	FL	Other Buyer	Wholesale	EB & Consulting
05/07/08	2008	USI Holdings Corporation	KD Benefits Insurance Brokerage, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
05/05/08	2008	AmWINS Group	Beacon Risk Strategies	WA	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
05/05/08	2008	LTC Global Solutions, Inc.	Insurance Producers Alliance of America Inc.	FL	Independent Agency/Broker	Retail	EB & Consulting
05/01/08	2008	Arthur J. Gallagher & Co.	RSI	NJ	Public Broker	Retail	EB & Consulting
05/01/08	2008	Arthur J. Gallagher & Co.	Specialty Risk Inc.	MO	Public Broker	Retail	P&C
05/01/08	2008	Arthur J. Gallagher & Co.	Steves Financial Group, Inc.	TX	Public Broker	Retail	P&C
05/01/08	2008	Atlantic Specialty Lines, Inc.	ESL, Inc.	PA	Independent Agency/Broker	Wholesale	P&C
05/01/08	2008	Brown & Brown, Inc.	Nathan Stone Insurance Agency, Inc.	CA	Public Broker	Retail	P&C
05/01/08	2008	Northwest Farm Credit Services, ACA	Columbia Insurance Associates, Inc.	WA	Bank or Thrift
05/01/08	2008	Tompkins Financial Corporation	Robert G. Relph Comprehensive Brokerage Services, Inc.	NY	Bank or Thrift
04/30/08	2008	Münchener Rückversicherungs-Gesellschaft	Roanoke Companies, Inc.	IL	Insurance Company	Wholesale	P&C
04/22/08	2008	BB&T Corporation	UnionBanc Insurance Services, Inc.	CA	Bank or Thrift	Retail	P&C
04/17/08	2008	Eastern Bank Corporation	Macintyre, Fay & Thayer Insurance Agency, Inc.	MA	Bank or Thrift	Retail	P&C
04/15/08	2008	American Independence Corp.	Insurance Producers Group of America, Inc.	TX	Insurance Company	Wholesale	EB & Consulting
04/14/08	2008	McCarthy Group, LLC	Bearence Management Group	IA	Other Buyer	Retail	P&C
04/11/08	2008	RenaissanceRe Holdings Ltd.	Agro National, LLC.	IA	Insurance Company	Wholesale	P&C
04/10/08	2008	First Financial Holdings, Inc.	Somers-Pardue Agency Inc.	NC	Bank or Thrift	Retail	P&C
04/04/08	2008	Brown & Brown, Inc.	Big Sky Underwriters, Inc.	MT	Public Broker	Wholesale	P&C
04/04/08	2008	Venbrook Group, LLC	Doell & Associates, Inc.	CA	Independent Agency/Broker	Retail	P&C
04/02/08	2008	USI Holdings Corporation	Special Risk Consultants, Inc.	PA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
04/01/08	2008	American Independence Corp.	Voorhees Risk Management, LLC	NJ	Insurance Company	Wholesale	EB & Consulting
04/01/08	2008	Arthur J. Gallagher & Co.	Life Insurance Strategies	FL	Public Broker	Retail	EB & Consulting
04/01/08	2008	BB&T Corporation	Premier Benefits Group	GA	Bank or Thrift	Retail	EB & Consulting
04/01/08	2008	First Merchants Corporation	Patishall Insurance Agency, Inc.	IN	Bank or Thrift
04/01/08	2008	Haughn & Associates Inc	G&G Insurance Agency	OH	Independent Agency/Broker	Retail	P&C
04/01/08	2008	Markel Corporation	Specialized Insurance, Inc.	NE	Insurance Company	Wholesale	P&C
04/01/08	2008	SEFCU	Schoharie Valley Agencies Inc.	NY	Other Buyer
04/01/08	2008	White Mountains Insurance Group, Ltd.	Answer Financial Inc.	CA	Insurance Company	Retail	P&C
04/01/08	2008	Wright Group Services	Redstone Benefit Systems, Inc.	CO	Independent Agency/Broker	Retail	EB & Consulting
03/31/08	2008	Bollinger, Inc.	Bollinger, Inc.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/31/08	2008	Brown & Brown, Inc.	Powers & Effler Insurance Brokers, Inc.	CA	Public Broker	Retail	P&C
03/31/08	2008	Management of Employers Select Plan Agency Inc.	Employers Select Plan Agency, Inc.	OH	Independent Agency/Broker	Wholesale	EB & Consulting
03/31/08	2008	Medical Mutual of Ohio	ESP Brokerage Holdco, LLC		Insurance Company	Wholesale	EB & Consulting
03/31/08	2008	NFP Corp.	Undisclosed Seller (eight EB firms)		Public Broker
03/31/08	2008	Undisclosed buyer	Arthur J. Gallagher & Co. (small books of business)		Other Buyer	Retail	P&C
03/15/08	2008	Third party title insurance agency	Financial Assurance Services' title insurance agency business		Independent Agency/Broker	Retail	P&C
03/12/08	2008	EPIC (Edgewood Partners Insurance Center)	Kelley & Swain, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/11/08	2008	Global Risk Holdings, LLC	North American Risk Services, Inc.	FL	Other Buyer	Retail	P&C
03/10/08	2008	Hub International Limited	Flynn Insurance Agency	MT	Independent Agency/Broker- Private Capital Backed	Retail	P&C
03/10/08	2008	Philadelphia Consolidated Holding Corp.	Gillingham & Associates Inc.	CO	Insurance Company	Wholesale	P&C
03/05/08	2008	USI Holdings Corporation	Corporate Planning Systems LLC	WA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
03/03/08	2008	Brown & Brown, Inc.	W.J. Fowler & Company	NC	Public Broker	Retail	EB & Consulting
03/02/08	2008	IBERIABANK Corporation	American Abstract and Title Company, Inc.	AR	Bank or Thrift	Retail	P&C
03/01/08	2008	Argo Group International Holdings, Ltd.	Massamont Insurance Agency Inc.	MA	Insurance Company	Wholesale	P&C
03/01/08	2008	Arthur J. Gallagher & Co.	Bankers Financial Benefits	OK	Public Broker	Retail	EB & Consulting
03/01/08	2008	Arthur J. Gallagher & Co.	Healthcare Risk Solutions, LLC	PA	Public Broker	Retail	P&C
03/01/08	2008	Arthur J. Gallagher & Co.	Providium Consulting Group, LLC	NY	Public Broker	Retail	EB & Consulting
03/01/08	2008	J. Smith Lanier & Co.	Insuramerica Aviation, Inc.	GA	Independent Agency/Broker	Retail	P&C
03/01/08	2008	Southwest Insurance Partners, Inc.	Southwest Risk, LP	TX	Independent Agency/Broker	Wholesale	P&C
02/29/08	2008	Old Republic International Corporation	American-First Abstract Company	OK	Insurance Company	Retail	P&C
02/28/08	2008	BB&T Corporation	Burkey Risk Services	FL	Bank or Thrift	Retail	P&C
02/27/08	2008	Doral Financial Corporation	Citigroup Inc. (CitiSeguros PR Retail Bank insurance portfolio)	PR	Bank or Thrift	Retail	P&C
02/22/08	2008	Aon Corporation	Gallagher Re's U.S. and U.K. reinsurance brokerage bus		Public Broker	Retail	P&C
02/22/08	2008	Brown & Brown, Inc.	Franchise Insurance Agency Inc. (Subway® Franchisee accounts)		Public Broker	Retail	P&C
02/14/08	2008	473 Broadway Holding Corporation	Amsure Associates Inc.	NY	Bank or Thrift	Retail	Multi Line
02/14/08	2008	Live Oak Bancshares Corporation	HMW Title Research, Inc.	TX	Bank or Thrift	Retail	P&C
02/08/08	2008	American Safety Insurance Holdings, Ltd.	LTC Companies	OH	Insurance Company	Retail	EB & Consulting
02/08/08	2008	Delek Group Ltd.	Four Corners Insurance Services, Inc.	AZ	Other Buyer	Wholesale	P&C
02/07/08	2008	Higginbotham & Associates, Inc.	Allred-Thompson-Mason-Daugherty Insurance Agency	TX	Independent Agency/Broker	Retail	P&C
02/05/08	2008	Baldwin Connelly Group	Carlisle, Fields & Company, Inc.	FL	Independent Agency/Broker	Retail	P&C
02/05/08	2008	Bicknell Family Holding Company	Power Group Companies	KS	Insurance Company	Retail	Multi Line
02/04/08	2008	BancorpSouth, Inc.	Joe Max Green / Insurance Concepts Insurance Agency Inc.	TX	Bank or Thrift	Retail	P&C
02/04/08	2008	Hub International Limited	Scheer’s Inc.	IL	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/04/08	2008	IMA Financial Group, Inc.	R. A. Stough Llc	TX	Independent Agency/Broker	Wholesale	P&C
02/01/08	2008	Arthur J. Gallagher & Co.	Commonwealth Consulting Group, Inc.	PA	Public Broker	Retail	EB & Consulting
02/01/08	2008	Arthur J. Gallagher & Co.	Doeren Mayhew Risk Management, LLC	MI	Public Broker	Retail	P&C
02/01/08	2008	Arthur J. Gallagher & Co.	Leicht General Agency	TX	Public Broker	Wholesale	P&C
02/01/08	2008	Arthur J. Gallagher & Co.	Splinter Group, Inc.	IL	Public Broker	Retail	P&C
02/01/08	2008	Arthur J. Gallagher & Co.	Taylor Benefits, LLC	UT	Public Broker	Retail	EB & Consulting
02/01/08	2008	CBIZ, Inc.	NAIS, Inc.	MD	Public Broker	Retail	P&C
02/01/08	2008	Cordova Insurance Center, Inc.	Hall & Associates Insurance Services	CA	Independent Agency/Broker	Retail	P&C
02/01/08	2008	Treiber Group, The	Business Insurance Agency, Inc.	NY	Independent Agency/Broker	Retail	P&C
02/01/08	2008	USI Holdings Corporation	Webster Insurance, Inc.	CT	Independent Agency/Broker- Private Capital Backed	Retail	P&C
02/01/08	2008	Wells Fargo & Company	Insurance Brokers of America	MO	Bank or Thrift	Retail	P&C
01/31/08	2008	FIRSTPLUS Financial Group, Inc.	Premier Group LLC	FL	Other Buyer	Retail	P&C
01/31/08	2008	HBK Investments L.P.	NECC		Insurance Company	Wholesale	P&C
01/31/08	2008	Mesirow Financial Holdings, Inc.	Undisclosed Seller (insurance customer list)		Other Buyer
01/31/08	2008	Stone Point Capital LLC	Tennant Risk Services Insurance Agency LLC	CT	Other Buyer	Wholesale	P&C
01/30/08	2008	First Manitowoc Bancorp, Inc.	Insurance Associates of Green Bay, Inc.	WI	Bank or Thrift	Retail	P&C
01/29/08	2008	Hilb Rogal & Hobbs Company	Talty Insurance Agency, Inc.	CO	Public Broker	Retail	P&C
01/24/08	2008	Ascension Insurance, Inc.	Pan American Underwriters Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/24/08	2008	Barney & Barney LLC	Saylor & Hill Company	CA	Independent Agency/Broker	Retail	P&C
01/24/08	2008	Brown & Brown, Inc.	LDP Consulting Group, Inc.	NJ	Public Broker	Retail	EB & Consulting
01/23/08	2008	Brown & Brown, Inc.	Diversified Insurance Brokerage Group Inc	IN	Public Broker	Retail	EB & Consulting
01/22/08	2008	Baldwin Connelly Group	Nichols Insurance Associates, Inc.	FL	Independent Agency/Broker	Retail	P&C
01/22/08	2008	Rock Holdings Inc	TransUnion Title & Escrow of California Inc.	CA	Other Buyer	Retail	P&C
01/18/08	2008	National City Corporation	Master Consulting Group	OH	Bank or Thrift
01/18/08	2008	Norman Spencer McKernan, Inc.	Pavement Maintenance Insurance Agency, Inc.	NY	Independent Agency/Broker	Wholesale	P&C
01/16/08	2008	AssuranceAmerica Corporation	Alabama One Stop, LLC	AL	Insurance Company	Wholesale	P&C
01/16/08	2008	BB&T Corporation	Savannah Reinsurance Underwriting Management LLC	CT	Bank or Thrift	Wholesale	P&C
01/15/08	2008	Thorbahn Associates	Crosby Benefit Systems Inc. Insurance Division	MA	Other Buyer	Retail	EB & Consulting
01/14/08	2008	Confie Seguros Insurance Services	Westline Corporation	CA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/11/08	2008	Kinloch Holdings, Inc.	Olympic Agency, Inc.	NJ	Independent Agency/Broker	Retail	P&C
01/08/08	2008	Beecher Carlson Holdings Inc.	Alliance Insurance Group	AZ	Independent Agency/Broker	Wholesale	P&C
01/07/08	2008	Ascension Insurance, Inc.	Bryant Wharton & Associates	GA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/07/08	2008	Hilb Rogal & Hobbs Company	Integrated Group Benefits	MD	Public Broker	Retail	EB & Consulting
01/07/08	2008	Hub International Limited	Lenhardt Insurance Agency, Inc.	MT	Independent Agency/Broker- Private Capital Backed	Retail	P&C
01/07/08	2008	Skelton & Carnegie Insurance Specialty Corp.	All Sure Company	IN	Independent Agency/Broker	Wholesale	P&C
01/02/08	2008	Brown & Brown, Inc.	Turner & Associates Insurance Agency, Inc.	OK	Public Broker	Retail	P&C
01/02/08	2008	HCC Insurance Holdings, Inc.	MultiNational Underwriters, LLC	IN	Insurance Company	Wholesale	P&C
01/02/08	2008	Premier Financial II, LLC	ISU Insurance Services The May Agency	IN	Insurance Company	Retail	P&C
01/01/08	2008	Arthur J. Gallagher & Co.	Crist Elliott Machette Insurance Services Inc.	CA	Public Broker	Retail	P&C
01/01/08	2008	Arthur J. Gallagher & Co.	Petty Burton Associates, Inc.	NJ	Public Broker	Retail	P&C
01/01/08	2008	Britt Paulk Insurance Agency Inc.	Magnum OPUS	ID	Independent Agency/Broker	Wholesale	P&C
01/01/08	2008	Brown & Brown, Inc.	Smith-Peabody-Stiles Insurance Agency, Inc.	MI	Public Broker	Retail	P&C
01/01/08	2008	Cretcher-Lynch & Company Inc.	Heartland Employee Benefits, LLC	KS	Independent Agency/Broker	Retail	EB & Consulting
01/01/08	2008	LTC Global Solutions, Inc.	AMA Insurance Services Inc.	CA	Independent Agency/Broker	Retail	EB & Consulting
01/01/08	2008	MOC Insurance Services, Inc.	Farallon Associates Insurance Brokers	CA	Independent Agency/Broker	Retail	P&C
01/01/08	2008	North American Group	Minard-Ames Insurance Group	AZ	Independent Agency/Broker	Retail	P&C
01/01/08	2008	Payak Insurance Agency, Inc.	Johnston-Dubbs Insurance Agency, Inc	OH	Independent Agency/Broker
01/01/08	2008	R.E.Chaix & Associates Insurance Brokers Inc.	Katie Freeman Insurance Services Inc.	CA	Independent Agency/Broker	Wholesale	P&C
01/01/08	2008	Regions Financial Corporation	Barksdale Bonding and Insurance Inc. (assets)	MS	Bank or Thrift	Retail	P&C
01/01/08	2008	Wallace, Welch & Willingham, Inc.	Tampa Bay Underwriters, Inc.	FL	Independent Agency/Broker
12/31/07	2007	ACNB Corporation	Undisclosed Seller (two books of business)		Bank or Thrift
12/31/07	2007	Arthur J. Gallagher & Co.	AVRECO	IL	Public Broker	Wholesale	P&C
12/31/07	2007	BancorpSouth, Inc.	Arthur J. Gallagher & Co. (P&C business of Springfield, Mo. office of AJG Risk Mgmt)	MO	Bank or Thrift	Retail	P&C
12/31/07	2007	Enterprise Financial Services Corp	Millennium Brokerage Group LLC	TN	Bank or Thrift	Retail	EB & Consulting
12/31/07	2007	First Merchants Corporation	Oliver-Dorton Insurance, Inc.	IN	Bank or Thrift
12/31/07	2007	Management group	Commerce Insurance Services, Inc.	NJ	Independent Agency/Broker	Retail	P&C
12/31/07	2007	Swett & Crawford Group Inc.	Risk Reducers, LLC	AR	Independent Agency/Broker	Wholesale	P&C
12/31/07	2007	Undisclosed buyer	Brooke Corporation (36 insurance agency locations)		Other Buyer
12/26/07	2007	Cornhusker Growth Corporation	Hub Hall Insurance Agency	NE	Bank or Thrift
12/21/07	2007	CoBiz Financial Inc.	BDA Insurance Services, Inc.	AZ	Bank or Thrift	Retail	P&C
12/20/07	2007	Brown & Brown, Inc.	McLain, Peeples & Strickland, Inc.	GA	Public Broker	Retail	P&C
12/19/07	2007	Euclid Insurance Services Inc.	Rodes-Roper-Love Insurance Agency	FL	Independent Agency/Broker	Retail	P&C
12/19/07	2007	Wells Fargo & Company	Brehm Group, Inc. (EB division)	MN	Bank or Thrift	Retail	EB & Consulting
12/19/07	2007	Wells Fargo & Company	Richardson Group	NH	Bank or Thrift	Retail	P&C
12/19/07	2007	Wells Fargo & Company	Technology Insurance Services, Inc.	CA	Bank or Thrift	Retail	P&C
12/14/07	2007	Argus Insurance, Inc.	Yakima Valley Insurance Services	WA	Independent Agency/Broker
12/13/07	2007	BB&T Corporation	Ott & Company	GA	Bank or Thrift	Retail	EB & Consulting
12/11/07	2007	Northeast Bancorp	Hyler Agency, Inc	ME	Bank or Thrift	Retail	P&C
12/11/07	2007	USI Holdings Corporation	Bpma Llc	NJ	Independent Agency/Broker- Private Capital Backed	Wholesale	EB & Consulting
12/10/07	2007	Arthur J. Gallagher & Co.	Robert A. Schneider Agency, Inc.	MN	Public Broker	Wholesale	P&C
12/10/07	2007	Investor Group	Paquin & Carroll Insurance	ME	Other Buyer
12/07/07	2007	American Financial Group, Inc.	Strategic Comp Holdings, LLC	LA	Insurance Company	Retail	P&C
12/07/07	2007	Arthur J. Gallagher & Co.	Powell Insurance Agency, Inc	LA	Public Broker	Retail	P&C
12/05/07	2007	Brown & Brown, Inc.	Dalton Insurance Agency, LLC	NJ	Public Broker	Retail	P&C
12/01/07	2007	Arthur J. Gallagher & Co.	Intermountain Financial Benefits Insurance Services, Inc.	UT	Public Broker	Retail	EB & Consulting
12/01/07	2007	Arthur J. Gallagher & Co.	Koster Insurance Agency, Inc.	MA	Public Broker	Retail	P&C
12/01/07	2007	Brown & Brown, Inc.	Curzi Insurance Agency, Inc.	PA	Public Broker	Retail	P&C
12/01/07	2007	Brown & Brown, Inc.	Evergreen Re Incorporated	FL	Public Broker	Retail	EB & Consulting
12/01/07	2007	Medical Mutual of Ohio	Cardinal Brokerage Holdco, LLC	OH	Insurance Company
11/30/07	2007	Cullen/Frost Bankers, Inc.	Prime Benefits, Inc.	TX	Bank or Thrift	Retail	EB & Consulting
11/28/07	2007	Darwin Professional Underwriters, Inc.	Agency Marketing Services, Inc.	FL	Insurance Company	Wholesale	P&C
11/23/07	2007	Alaska USA Federal Credit Union	Insurance Mart	AK	Other Buyer
11/20/07	2007	Britt Paulk Insurance Agency Inc.	Mitchell, York & Cooper, LLC	FL	Independent Agency/Broker	Wholesale	P&C
11/20/07	2007	USI Holdings Corporation	Treadwell & Harry Insurance, LLC	TN	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/19/07	2007	Blue Cross and Blue Shield of South Carolina	Montgomery Management Corporation	PA	Insurance Company	Wholesale	EB & Consulting
11/15/07	2007	Hub International Limited	E.J. Phelps Financial & Insurance Services, Inc.	CA	Independent Agency/Broker- Private Capital Backed	Retail	EB & Consulting
11/12/07	2007	Wells Fargo & Company	Rogers & Belding Insurance Agency, Inc.	TX	Bank or Thrift	Retail	P&C
11/09/07	2007	Arthur J. Gallagher & Co.	C&B Consulting Group, Inc.	NY	Public Broker	Retail	EB & Consulting
11/09/07	2007	Brown & Brown, Inc.	McFall General Agency, Inc.	OR	Public Broker	Wholesale	P&C
11/09/07	2007	Brown & Brown, Inc.	Wittner National Group, Inc.	FL	Public Broker	Retail	EB & Consulting
11/09/07	2007	National Insurance Programs Group, Inc.	Lucas and Dake Co., Inc.	NY	Independent Agency/Broker	Retail	P&C
11/09/07	2007	Northeast Bancorp	Spence & Mathews Insurance	ME	Bank or Thrift	Retail	P&C
11/07/07	2007	NFP Corp.	Undisclosed benefits company		Public Broker
11/05/07	2007	Alliance HealthCard Inc.	HealthExtras, Inc. (Supplemental Benefits Business Unit)		Other Buyer	Retail	EB & Consulting
11/05/07	2007	Central Bancshares, Inc.	R.P. Wessel Company	KY	Bank or Thrift	Retail	P&C
11/05/07	2007	Hub International Limited	Rome Insurance Agency, Inc.	MA	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/02/07	2007	Hub International Limited	JM Associates, Ltd.	NJ	Independent Agency/Broker- Private Capital Backed	Retail	P&C
11/01/07	2007	Brown & Brown, Inc.	Independent Insurance Associates, Inc.	LA	Public Broker	Retail	P&C
11/01/07	2007	Brown & Brown, Inc.	Lloyd Bennett & Company, Inc.	GA	Public Broker	Retail	P&C