Business Moves
RCM&D, MillenGroup
Maryland-based insurance, benefits and risk management firm RCM&D has acquired MillenGroup, a Richmond, Virginia-based benefits advisory firm.
Laura Millen, founder and senior managing partner, and John Millen, co-founder and managing partner, will join RCM&D’s employee benefits leadership team in Richmond.
RCM&D is a company of Unison Risk Advisors, which was formed with the 2020 merger of RCM&D and Oswald Companies. In 2023, Unison added NSI Insurance Group as its third partner.
Schrager Hampson Aviation Insurance Group, Northeast Aviation & Marine Insurance Brokers
Massachusetts-based Schrager Hampson Aviation Insurance Group has acquired Northeast Aviation & Marine Insurance Brokers of Schenectady, New York.
Northeast Aviation & Marine handles aviation, including international cargo, warehousing, passenger/excursion vessels, commercial fishing vessels, tugs, barges, private yachts, marinas, boat dealers and personal watercraft.
The move is aviation specialist Schrager Hampson’s fifth aviation insurance acquisition.
Northeast Aviation & Marine was a subsidiary of Sykes-Mallia Associates Inc., a commercial and personal lines agency.
Jack Mallia, whose father founded the family’s agency, has now joined Schrager Hampson Aviation Insurance Group.
Mallia’s experience with aviation risks extends to renter’s policies and Cessna 150s to owner-flown jets, warbirds, antique aircraft, charter operators, flight schools, aircraft management, quota share programs and weather balloons.
Headquartered in Bedford, Massachusetts, Schrager Hampson has additional offices in New Hampshire and Connecticut. Licensed in all 50 states, it offers insurance for private, corporate, and commercial aircraft and aviation operations, airports and unmanned aircraft and drones.
First MainStreet, Pederson Insurance
First MainStreet Insurance has added three new agencies to its platform.
Pederson Insurance located in Nevada, Iowa, joined FMSI on July 1. The agency offers auto, commercial, farm, financial, home and powersports products. Jarod Pederson has owned the agency for 20 years.
In mid-July, StateWide Insurance, located in Brookings, South Dakota, joined FMSI as its second agency location in South Dakota. Jeff Jacobson joins as a local owner. Statewide’s products include crop, livestock and PRF rainfall insurance.
Joining August 1 was McCartan Insurance Group located in West Des Moines, Iowa. Joel McCartan joins as a new partner. McCartan offers auto, business, commercial auto, cyber liability and general liability, among other products.
Based in Cedar Rapids, Iowa, First MainStreet Insurance L.C. is an affiliate of TrueNorth Companies L.C.
Inszone Insurance Services, Keith Williams Insurance Agency
Inszone Insurance Services, a provider of commercial, personal and benefits insurance, acquired Keith Williams Insurance Agency Inc. (KWI), a Victoria, Texas-based agency serving individuals and businesses throughout Texas.
KWI offers business, home, auto, farm and ranch and life insurance.
Emerald Bay Risk, Mainsail Insurance
One year after it was approved for the Florida market, Mainsail Insurance Co. has been sold to Emerald Bay Risk Solutions, an underwriter and fronting carrier that was launched earlier this year.
The move will help expand business in the national admitted markets, according to an announcement from Emerald Bay, a New Jersey-based startup that was formed by industry veterans who previously led Spinnaker Insurance, the former parent company of Mainsail.
Dave Ingrey is chief executive officer at Emerald Bay and Ken Ingrey is head of business development. Miles Allkins, the former chief underwriting officer of Spinnaker, is chief risk officer.
Spinnaker launched in 2015 as a “value-added” program fronting company and grew rapidly. In 2020, it was acquired by insurtech Hippo Insurance Services, one of its MGAs.
Spinnaker created Mainsail in 2023 and it was approved by the Florida Office of Insurance Regulation last summer. It has corporate offices in New Jersey and offers auto, property and commercial coverage.
Mainsail will now be a subsidiary of Emerald Bay Specialty Insurance Co.
Titan Aerospace Insurance, Plimsoll Specialty Markets
Atlanta-based Titan Aerospace Insurance, one of the larger aviation insurance brokers, acquired Plimsoll Specialty Markets, a boutique aviation and aerospace brokerage house also based in Atlanta.
Michael Clark, president of Plimsoll, is now president of Titan Specialty Markets. Before Plimsoll, Clark was head of aviation and aerospace at QBE Insurance Group. Prior to that, he was at Old Republic Aerospace insurance.
Titan said it has clients around the world and has offices in five Southeast states and in Denver. Its sister company, Titan Aviation Fuels, has some 600 branded locations in the United States.
OneDigital, Elite Insurance Solutions
OneDigital, an insurance brokerage, financial services and human resources firm based in Atlanta, has acquired Elite Insurance Solutions, a property/casualty insurance agency in Franklin, Tennessee.
Elite was founded in 2008 by Mike Stansbury and Randy Hulett. It has 29 associates and offers commercial and personal lines coverage to more than 3,500 clients, according to the transaction announcement.
The acquisition expands OneDigital’s presence in Tennessee, which now includes offices in Nashville, Knoxville, Franklin, Gallatin and Murfreesboro. OneDigital said it was founded in 2000 and has offices in major U.S. cities.
FCBI, MidSouth Insurance
FCBI, a self-insurance fund founded 45 years ago to provide workers’ compensation plans to Florida citrus growers, has acquired MidSouth Mutual Insurance Co. in Tennessee.
MidSouth has been demutualized and renamed MidSouth Insurance, FCBI said.
FCBI, once known as the Florida Citrus Business & Industries Fund, has expanded beyond citrus growers over the last four decades and now provides workers’ comp insurance to construction-related employers.
MidSouth, headquartered in Brentwood, Tennessee, also has specialized in workers’ comp for contractors and others in construction. Launched in the 1990s, MidSouth now offers coverage in 16 states in the Southeast and Midwest.
Relation Insurance Services, Carolina Heritage Insurance
Relation Insurance Services acquired Carolina Heritage Insurance in South Carolina.
Carolina Heritage, based in Hilton Head Island, specializes in high-net-worth individuals, offering personal lines coverage.
John Alagna is owner and Cara Crouch is junior partner. Both will continue managing the office as part of the Relation relationship.
Relation, based in Walnut Creek, California, said it has some 1,350 employees in 137 locales nationwide.
PCF Insurance Services, Kentucky Health Solutions
PCF Insurance Services, a U.S. brokerage handling commercial and personal lines, life and health, workers’ compensation and employee benefits, has acquired the insurance business of Kentucky Health Solutions.
It’s the 14th acquisition so far this year for Utah-based PCF, the company said.
Kentucky Health Solutions, which has offers life and health plans and Medicare advisory services, will now become part of PCF’s Maverick Insurance Group, based in Louisville.
Crest Insurance Group, Dan Weinstein and Associates, Winren Inc.
Crest Insurance Group acquired Dan Weinstein and Associates in Scottsdale, Arizona.
DWA principal Dan Weinstein, who has more than 20 years of industry experience in the group benefits space, will join Crest along with the DWA staff.
DWA is an insurance agency specializing in group benefit insurance.
Crest Insurance Group also acquired Winren Inc. in Scottsdale, Arizona.
Winren is an insurance agency specializing in group benefits insurance. Winren CEO Blaise Byrne has been in the industry since 1984.
Crest is an insurance brokerage firm that provides property/casualty and employee benefits insurance services nationwide.
Headquartered in Tucson, Arizona, Crest has offices across Arizona, California, Colorado, Nevada and Wyoming.
Highstreet Insurance Partners, Wingert Insurance Agency
Highstreet Insurance Partners acquired Wingert Insurance Agency in Mill Creek, Washington.
Wingert President Jason Wingert and Agency Vice President Shelley Wingert will continue leading their team at Wingert’s current location.
Wingert provides employee benefits and property/casualty services to clients across their local Washington area.
Highstreet Insurance Partners is an independent insurance agency based in Traverse City, Michigan, that provides business insurance, employee benefits, personal insurance, retirement services and specialty risk services.
LTC Global Inc., Michael L. Fitzgerald Insurance Services
LTC Global Inc. acquired Michael L. Fitzgerald Insurance Services Inc. in Walnut Creek, California.
Michael Fitzgerald will continue to manage the business, which operates across Northern California.
Michael L. Fitzgerald Insurance Services is a Capitas Financial Inc. partner. Fitzgerald Insurance Services joins other LTC Global group and Capitas Financial member agencies: Pacific Southwest Financial and Insurance Services Inc.; The Smith Cos.; NorthCoast Brokerage Agency Inc.; Pittsburgh Brokerage Services Inc.; and The Blair Agency.
Michael L. Fitzgerald Services operates a life and health insurance agency serving brokers and clients throughout Northern California.
Capitas Financial is a member-owned independent brokerage.
Fort Myers, Florida-based LTC Global provides capital to insurance agents and agencies through lead and marketing finance programs, commission advance programs and renewal commission purchases.