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Broker Buzz

by Mark A. Hofmann
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Brokerage acquisition activity continues

February's hardly a week old, but the spate of broker acquisitions that marked January is continuing unabated.This week, Itasca, Ill.-based Arthur J. Gallagher & Co. announced two acquisitions. One was Westchester, Ill.-based ProSource Financial, LLC. ProSource Financial is an employee benefit ...MORE

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Ten brokers join Willis N2

Ten new brokers have joined Willis Group Holdings P.L.C.'s network, Willis N2 - an alliance with local, independent insurance brokers in the United Kingdom, Willis announced Tuesday.The addition of 10 new members brings the total Willis N2 membership to 34.The new members are: Allsop Commercial ...MORE

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Hub acquires New Mexico brokerage

Hub International Ltd. has acquired the assets of Las Cruces, N.M.-based Mahres & Mahres Insurance Agency, Chicago-based Hub announced Wednesday. Mahres, an insurance brokerage firm, will become part of the New Mexico division of Hub International Insurance Services Inc. “The addition of the ...MORE

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David Bridges named president of Leavitt's Atlanta office

David Bridges has been named president of the Cedar City, Utah-based Leavitt Group's Atlanta office. Mr. Bridges will also serve as an executive vp of the Leavitt Group's affinity programs division.Mr. Bridges most recently served as a senior vp at Wells Fargo Insurance Services. In announcing Mr. ...MORE

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Networked Insurance Agents joins LexisNexis Insurance Exchange

1:12 pm, Jan. 24

Grass Valley, Calif.-based Networked Insurance Agents has joined the LexisNexis Insurance Exchange, the exchange announced Monday.Networked Insurance Agents provides about 1,200 member small and medium-sized independent insurance agencies with access to major markets. The exchange is a business and ...MORE

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Brokerage acquisition activity continues unabated

This year's early surge of merger and acquisition activity continued to gain steam this week as two major brokerages announced new acquisitions.On Thursday, Daytona, Fla.-based -Brown & Brown, Inc. announced that one of its wholly owned subsidiaries has acquired substantially all of the assets of ...MORE

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Marsh & McLennan adds two to board of directors

Marsh & McLennan Cos. Inc. has added two directors to its board. ...MORE

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News from the acquisition front

Randolph, Mass.-based International Marketing and Administration Co. has purchased Specialty Service Solutions, L.L.C., a Chicago-based insurance brokerage firm, IMAC announced Monday.“This acquisition increases the scale of our brokerage business and provides us a proven distribution track ...MORE

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Crump joins the LexisNexis Insurance Exchange

2:51 pm, Jan. 9

Roseland, N.J.-based Crump Insurance Services, Inc.--the property/casualty division of Crump Group, Inc.--has joined the LexisNexis Insurance Exchange, the exchange announced Monday.The LexisNexis Insurance Exchange is a business and renewal submission placement platform that enhances the flow of ...MORE

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Brokers ring in the New Year with a flurry of acquisitions

2012 isn't a week old, yet broker acquisition activity has already picked up in the new year. During the past week, at least three deals involving major brokerages have been announced.Chicago-based Hub International Ltd. announced not one but two acquisitions this week. On Thursday, Hub announced ...MORE

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