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Deals Chart

 Brokerages
AcquirerAnnouncedTarget Firm
NSM Insurance Group 4/23/08 Insurex Calif.-based wholesale workers' compensation brokerage
Brown & Brown 4/04/08 Big Sky Underwriters Mont.-based managing general agency offering products to individuals and companies Revenue: $2.2 million Price: N/A
Venbrook Group 4/04/08 Doell & Associates Calif.-based full-service agency
Arthur J. Gallagher & Co. 4/02/08 Life Insurance Strategies Fla.-based life insurance broker providing life insurance programs for estate planning, charitable giving and familial bequests
American E&S Insurance Brokers 4/01/08 Network E&S Insurance Brokers Calif.-based wholesale broker
The Wright Group Services 4/01/08 Redstone Benefits Systems Colo.-based insurance broker specializing in employee benefits services
Titledge Holding Co. 4/01/08 MyClosingSPACE.com N.J.-based online title insurance and closing services firm
Brown & Brown 3/31/08 Powers & Effler Insurance Brokers, d/b/a Powers & Co. Insurance Agents and Brokers Calif.-based insurance agency serving clients in the States of California, Nevada and Arizona Revenue: $11.2 million Price: N/A
3/03/08 W.J. Fowler & Co., d/b/a The Benefits Dept. N.C.-based agency offering individual and group employee benefits insurance and related services in the States of North Carolina, Florida and throughout the U.S. Revenue: $2.3 million Price: N/A
Arthur J. Gallagher & Co. 3/20/08 Healthcare Risk Solutions Pa.-based p-c retail insurance broker providing professional liability insurance products, associated risk mitigation consulting services and specialized program management exclusively to the medical community in the mid-Atlantic and Northeastern United States
3/19/08 Providium Consulting Group N.Y.-based agency offering employee benefit consulting and brokerage services as well as human resource consulting services to their clients in the Northeastern United States
3/11/08 Bankers Financial Benefits Okla.-based firm specializing in the banking and manufacturing industries and offering employee benefit consulting and brokerage services that include strategic analysis, plan design, legislative compliance, human resource services and employee communications support
3/07/08 The Splinter Group Ill.-based retail insurance broker offering risk management, commercial p-c, employee benefits and personal lines insurance services to their clients in the Mid-West specializing in products and services for the construction and manufacturing industries
Third party title insurance agency 3/20/08 Ill.-based title insurance agency business from Financial Assurance Services; subsidiary of BankFinancial, Corp.
Edgewood Partners Insurance Center 3/12/08 Kelley & Swain Calif.-based employee benefits firm
Hub International 3/10/08 Flynn Insurance Agency Mont.-based agency offering primarily commercial insurance specializing in heavy construction Revenue: $6 million Price: N/A
USI Holdings Corp. 3/05/08 Corporate Planning Systems Wash.-based employee benefit insurance brokerage firm Revenue: $4.5 million Price: N/A
J. Smith Lanier & Co. 3/01/08 Insuramerica Aviation Ga.-based aviation specialty broker insuring aviation risks since 1972
 Insurance and Financial Services
 AnnouncedTarget Firm
American Independence Corp. 4/15/08 51% interest in Insurance Producers Group of America Conn.-based national marekting organization distributing individual major medical policies Revenue: N/A Price: $1.6 million
RenaissanceRe Holdings 4/11/08 Agro National Iowa-based managing general underwriter of crop insurance offering products and services to the agricultural community
4/02/08 Claims Management Services Ga.-based provider of claims administration, adjustment and consulting services
Markel Corp. 4/04/08 Specialized Insurance Neb.-based general agency providing admitted garage program coverage primarily in the western United States
Philadelphia Consolidated Holding Corp. 3/11/08 Gillingham & Associates Colo.-based program manager specializing in commercial p-c insurance for the outdoor recreation and hospitality industries
Argo Group International Holdings 3/04/08 Massamont Insurance Agency Mass.-based program administrator for specialized programs of insurance
 Banks
 AnnouncedTarget Firm
BB&T Corp. 4/23/08 UnionBanc Insurance Services Calif.-based insurance subsidiary of Union Bank of California
First Financial Holdings 4/10/08 The Somers-Pardue Agency N.C.-based multi-line agency writing both business and personal insurance, specializing in property management and employee benefits Revenue: N/A Price: 18.8 million
 Other
   
FirstPlus Financial Group 3/31/08 The Premier Group Fla.-based risk management and adjusting firm
Global Risk Holdings 3/11/08 North American Risk Services Fla.-based firm providing p-c third-party administration services

Quarterly Graph

Who’s Buying -- March-April 2008
Buyer Deals
Insurer & Other 8
Insurance Broker 18
Bank & Thrift 2
Source: Hales & Company

Agency Category Acquisition Table

What’s Being Bought -- March-April 2008
Firm Deals
Full Service 6
P&C Commercial 9
Benefits 7
P&C Personal 0
Life, LTC, and/or DI 1
TPA 3
Title 2

Retail vs. Wholesale Acquisitions

March-April 2008
Retail 20
Wholesale 8

SCORECARD


Banks

 

 

 

 

 

Company

Mar-Apr

YTD 4/30

   
Total210
BB&T Corp.13
BancorpSouth02
Doral Financial Corp.01
First Financial Holdings11
First Manitowoc Bancorp01
Regions Financial Corp.01
Wells Fargo & Co.01


Insurance and Financial Services

 

 

 

 

 

Company

   
   
Total610
RenaissanceRe Holdings22
American Independence Corp.11
American Safety Insurance Holdings01
Argo Group International Holdings11
Markel Corp.11
Old Republic International Corp.01
Philadelphia Consolidated Holding Corp.11
Republic Companies Group01
White Mountains Insurance Group01


Insurance Broker

 

 

 

 

 

Company

   
   
Total1861
Arthur J. Gallagher & Co.510
Brown & Brown310
National Financial Partners Corp.08
Hub International Limited14
Ascension Insurance02
Hilb Rogal & Hobbs Co.02
NSM Insurance Group12
U.S.I. Holdings Corp.12
American E&S Insurance Brokers11
Aon Corp.01
Barney & Barney 01
Beecher Carlson01
Britt / Paulk Insurance Agency01
Casualty & Surety01
CBIZ01
Cordova Insurance Center, Inc. d/b/a Independent Solutions United01
Cretcher-Lynch & Co.01
Edgewood Partners Insurance Center11
J. Smith Lanier & Co.11
Kinloch Holdings01
Mercator Risk Services01
MOC Insurance (Maroevich, O'Shea & Coghlan)01
R.E. Chaix & Associates Insurance Brokers01
Skelton & Carnegie Insurance Specialty Corp.01
The Wright Group Services11
Third party title insurance agency11
Thorbahn Associates01
Titledge Holding Co.11
Venbrook Group11


Other

 

 

 

 

 

Company

   
   
Total25
LTC Global Solutions02
Empire American Holdings01
FirstPlus Financial Group11
Global Risk Holdings11

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