Around the industry: August 6, 2015

Confie has announced the acquisition of three insurance brokerages:  Insurance King Auto Agency LLC in Dallas, Schunke Insurance Agency, Inc. in West Seneca, NY and Reynolds & Reynolds Agency, Inc., in Bellport, NY. The acquisition is part of the company's expansion efforts across Texas and upstate New York. 

Pioneer Underwriters has announced the launch of its Excess & Surplus Casualty division. The division will operate from Pioneer Special Risk's Atlanta office, attracting primary and excess casualty placements, within the U.S.'s excess and surplus lines market. Coverages will include primary commercial general liability, products liability and excess umbrella for construction, manufacturing and general service or installation. 

Marsh & McLennan Agency LLC (MMA) announced that it has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency. Cline Wood's employees and leadership team will join MMA's upper Midwest region.

Heritage Insurance holdings announced the acquisition of BRC Restoration Specialists, Inc., a Florida-based provider of restoration services and emergency and recovery assistance.

The State of Louisiana Department of Insurance has given regulatory approval to The Main Street America Group to write commercial surety and fidelity bonds in the state. 

Integro Ltd. announced that it has agreed to be acquired by entities affiliated with Odyssey Investment Partners, LLC. Integro's management team will remain and certain members of its management team and other employees will continue to maintain shareholder status. The transaction is expected to be completed in the fourth quarter of 2015.

Flood Risk Canada, Inc. announced that the company is now offering flood risk assessment and prevention solutions to commercial property owners, managers, financial institutions and insurance companies. Flood Risk has gained more than 45 years of flood risk management expertise from the U.S. market and aims to increase property flood risk assessment practices in Canada and diminish the risk of flooding.

Infinity Property and Casualty Corporation announced that it declared a quarterly dividend of $0.43 per share of Infinity Property and Casualty Corporation Common Stock. Holders of record on September 11, 2015 will receive dividends on September 25, 2015.

Sapiens announced results for second quarter ended June 30, 2015. Non-GAAP revenue rose by 12.4% to $43.4 million from $38.7 million same time last year. Non-GAAP operating profit grew by 61% to total $6.4 million compared to $4 million in Q2 2014. Non-GAAP net income attributable to Sapiens' shareholders increased by 45.2% to $5.2 million, up from $3.6 million in Q2 last year. Cash, cash equivalents and securities investments totaled approximately $89.8 million as of June 30, 2015.