Business Moves

Acrisure is acquiring Vave, a managing general agent, from its parent Canopius. Terms of the deal were not disclosed. Vave will continue to operate under its brand name. The MGA will join Acrisure Underwriting, which operates independently of Acrisure’s distribution.

White Mountains sold a controlling interest in insurance distribution platform Bamboo to funds advised by CVC Capital Partners. Hamilton, Bermuda-based White Mountains bought a majority stake in Bamboo in January 2024 for about $300 million to enter the California homeowners’ insurance market. White Mountains said it continues to retain about 15% fully diluted equity stake in Midvale, Utah-based Bamboo.

Columbus, Ohio-based Nationwide entered into an agreement to acquire the renewal rights for surety and fidelity bonds issued by Main Street America Insurance, a unit of American Family Insurance. Terms of the deal were not disclosed.

Nationwide said the acquisition expands its commitment to businesses and contractors, and that the addition of Main Street America’s capabilities and employees creates new opportunities for growth and innovation.

The two companies expect to close the agreement by the end of the first quarter, subject to customary closing conditions.

Broker WTW acquired Newfront to expand WTW’s middle-market reach in specialties such as technology, fintech, and life sciences. San Francisco-based Newfront has built a broking platform supported by a growing producer base, proprietary client-facing technologies, and the use of advanced automation and agentic AI. The deal, worth up to $1.3 billion, was announced in December 2025.

Brokerage ALKEME Insurance acquired five agencies over the last quarter. Terms of the deals were not disclosed. The acquired firms include:

Merritt Hall (Indianapolis, Indiana) – A P/C agency serving businesses and individuals in the greater Indianapolis area with risk management and insurance solutions.

Couch Braunsdorf Insurance Group (Liberty Corner, New Jersey) – A P/C insurance group with a presence in New Jersey and the broader Mid-Atlantic region, providing comprehensive coverage and advisory services.

JXX Insurance Agency (San Clemente, California) – A California-based P/C agency focused on delivering tailored insurance programs to clients throughout Southern California.

Bellwether (Deerfield Beach, Florida) – A P/C agency serving clients across Florida with a broad mix of commercial and personal lines solutions.

Health Connect Insurance Agency (Santa Ana, California) – A benefits-focused agency specializing in critical care, Affordable Care Act (ACA) plans and individual health coverage for employers and individuals in Southern California and beyond.

Marsh McLennan Agency (MMA) acquired Robinson & Son, a Hudson Falls, New York-based agency specializing in the maritime industry. Terms of the acquisition were not disclosed. The acquired agency, which offers both commercial and personal lines insurance, was founded in 2005. All employees, including James Robinson, co-founder and agency principal, will join MMA and continue to operate out of their existing office location.

World Insurance Associates acquired the business of Jersey Coast Insurance of Margate City, New Jersey. Terms of the transaction were not disclosed. Jersey Coast Insurance offers personal and commercial lines of insurance, specializing in coastal homes, condominiums and flood risks. World Insurance, based in Iselin, New Jersey, serves clients from more than 300 offices across the U.S. and U.K.

New York-based national insurance agency Marshall+Sterling acquired Sidle Insurance, an independent insurance agency based in Montour Falls, New York. Sidle Insurance will operate as Sidle Insurance, a division of Marshall+Sterling, during the transition period. Marshall+Sterling is a 100% employee-owned agency.

Schrager Hampson Aviation Insurance Group (SHAIG) acquired Einstein Insurance Inc., an aviation insurance agency based in New Castle, Delaware. Founder Dennis Einstein will continue with the firm following the acquisition, along with Salli Schoening. As part of the integration, Jessica Petrecz has joined SHAIG as an account executive to help serve Einstein Insurance clients.

SHAIGH is a family-owned and operated aviation insurance specialty brokerage licensed in all 50 states. Based in North Hampton, New Hampshire, with another office in Bedford, Massachusetts, the firm serves aircraft owners, charter operators, flight schools, airports, and aviation-related businesses nationwide.

Starkweather & Shepley Insurance Brokerage Inc. acquired DiMatteo Insurance Brokers, an independent insurance agency based in East Hartford, Connecticut. It is led by founder Angelo DiMatteo, who will join Starkweather & Shepley along with Trina Nicholson, vice president. The DiMatteo Insurance team will operate from Starkweather & Shepley’s Bristol, Connecticut office.

First Mid Insurance Group (FMIG) acquired Downs Insurance Agency in Decatur, Illinois. The acquisition supports FMIG’s continued growth strategy across central Illinois and expands its presence in the Decatur market. All employees of Downs Insurance will join First Mid Insurance Group.

WalkerHughes Insurance acquired Inman Insurance Agency in Salem, Missouri, and Clark Insurance Agency in Ballwin, Missouri. Inman Insurance Agency, led by owner Keith Inman, serves clients in Salem, Rolla, and Hartville. Mary Clark will remain on board at Clark Insurance agency to support the transition and ongoing client relationships.

Preston Insurance Agency, a full-service independent insurance agency with six locations across Illinois, forged a partnership with Ansay & Associates, marking the latter’s expansion into the Illinois market. Founded in 2008, Preston Insurance Agency has offices in Abingdon, Decatur, Mattoon, Pekin, Peoria, and Springfield.

Headquartered in Wisconsin, Ansay & Associates serves clients across Wisconsin, Minnesota, Upper Michigan and Florida.

Florida-based global insurance broker The Baldwin Group acquired Creisoft, Inc. and its subsidiaries, collectively known as Obie, a Chicago-based embedded insurance distribution business specializing in insurance solutions for landlords and real estate investors. Obie serves real estate investors through multiple distribution channels, including direct-to-investor digital experiences and integrated partner platforms.

Novacore, the specialty insurance managing general agent (MGA) formerly the U.S. commercial division of NSM Insurance Group, entered into a definitive agreement to acquire CP Insurance Associates, a Texas-based insurance services agency specializing in lender-placed insurance, investor property, buy-here-pay-here programs and financial institutions.

Insurica acquired Florida-based First Light Program Managers, a wholesale brokerage and delegated underwriter specializing in trucking and marine coverage. The acquisition is the largest in the 67-year history of the Oklahoma-based Insurica. First Light is headquartered in Fort Lauderdale.

Warner Pacific, a California-based general agency for brokers, acquired Brokers Holding Group, a South Carolina general agency specializing in health plans and alternative funding for employer groups.

Brokers Holding Group will continue to operate under its name. Scott Lee and Lee Long are co-owners. The 40-year-old Warner Pacific provides employee benefits, compliance, and human resources to brokers and agents in 12 states.

Trucordia acquired Florida Insurance Inc. in Dunedin, Florida.

Trucordia, based in Lindon, Utah, offers commercial and personal lines and employee benefits. The firm, led by CEO Felix Morgan, had acquisitions in several states in 2025, including Texas, Arkansas and New England.

Relation Insurance Services acquired the assets of PT Business Solutions in South Pasadena, California. PT Business Solutions provides employee benefit, HR, payroll, workers’ compensation and group retirement plans.

Relation Insurance Services is an insurance brokerage and a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London.

Gryphon Holdings agreed to acquire PrimeOne Insurance Company, a privately held specialty commercial lines carrier. PrimeOne will operate as a core underwriting platform under the Gryphon umbrella. The deal is expected to close in the first quarter and is subject to customary regulatory approvals. Gryphon is financed by Phoenix Merchant Partners.

PrimeOne is a specialty property/casualty insurer supporting program administrators and managing general agents in niche markets. PrimeOne is domiciled in Texas and headquartered in Scottsdale, Arizona.