Industry Transactions
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 12/31/2024.
Source: S&P Global Market Intelligence, Insurance Journal, and other publicly available sources
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| Announced Date | Deal Year | Buyer | Seller | Seller Location | Buyer Type | Seller Type | Seller Line of Business | Press Release |
|---|---|---|---|---|---|---|---|---|
| 01/03/05 | 2005 | Hilb Rogal & Hobbs Company | True Benchmark Insurance Services | IL | Public Broker | Wholesale | P&C | |
| 01/03/05 | 2005 | National Penn Bancshares, Inc. | Krombolz Agency Inc. | PA | Bank or Thrift | Retail | P&C | |
| 01/03/05 | 2005 | S&T Bancorp, Inc. | Bennett Group | PA | Bank or Thrift | Retail | P&C | |
| 01/01/05 | 2005 | Arthur J. Gallagher & Co. | Horton Insurance Agency Inc. | OK | Public Broker | Retail | P&C | |
| 01/01/05 | 2005 | Arthur J. Gallagher & Co. | Marine Insurance Service, LLC | LA | Public Broker | Retail | P&C | |
| 01/01/05 | 2005 | Brown & Brown, Inc. | Braishfield Associates Inc. (CL Ops) | FL | Public Broker | Wholesale | P&C | |
| 01/01/05 | 2005 | Century Business Services, Inc. | Southeastern Agency LLC | OH | Other Buyer | |||
| 01/01/05 | 2005 | Encore Bancshares, Inc. | John A. Bumstead & Associates Inc. | TX | Bank or Thrift | Retail | P&C | |
| 01/01/05 | 2005 | First Acceptance Corporation | LGNP Enterprises, Inc. | TX | Insurance Company | Retail | P&C | |
| 01/01/05 | 2005 | Nasdaq Stock Market, Inc. | NASDAQ Insurance Agency LLC | NY | Other Buyer | Retail | P&C |
