Two major insurance brokers announced acquisitions today with Marsh & McLennan Agency acquiring Hampton Roads Bonding and Hub International Ltd. acquiring Knight Insurance Agency, Inc.
An executive with Reagan Consulting believes the current rate of merger and acquisition activity over the past five weeks will not be sustained throughout 2011.
The transaction marks the first in a series of planned acquisitions that MMA will make to enhance the resources and capabilities of its regional hub operations.
The 2011 merger and acquisition spree continued with the recent announcements of six agencies acquired by four major insurance brokerage firms, with Marsh & McLennan Agencies scoring the largest of the lot.
If the end of 2010 and beginning of 2011 is any sign of things to come from a mergers and acquisitions perspective, then this year could be a very active season for brokerages.
If the end of 2010 and beginning of 2011 is any sign of things to come from a mergers and acquisitions perspective, then this year could be a very active season for brokerages.
Trion is the sixth acquisition MMA has made since embarking on its strategy in November2009 to build a national platform serving the property and casualty insurance and employee benefits needs of companies across the U.S.
Marsh & McLennan Agency LLC, (MMA) said it has acquired Trion Group, a privately held employee benefits specialist with $74 million in annual revenues.
The Insurance Exchange Trust is moving ahead with development of an insurance exchange, establishing an oversight committee it said will make the insurance transaction easier for everyone involved.
The LexisNexis Insurance Exchange is a single-entry collaborative insurance placement platform that automates and streamlines the flow of application data and documents between insurance agents and brokers, wholesalers and carriers.