Business Moves
Howden acquired the intellectual property assets of Cybeta LLC, a cyber data and analytics provider. Terms of the deal were not disclosed.
Cybeta was founded in 2019 by a team of data science experts with experience in the U.S. Department of Defense and intelligence communities.
Former members of Cybeta’s team will join Howden. The acquisition bolsters Howden’s U.S. cyber practice, launched at the start of the year.
The Ohio State Bar Association and ALPS Insurance announced that they have entered into a definitive agreement under which ALPS will acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance for attorneys in Ohio.
OBLIC was founded by the Ohio Bar in 1978 to serve the professional liability needs of Ohio attorneys at a time when few insurers provided legal malpractice insurance. Since then, it has grown to have a statewide policyholder base.
TWFG acquired Fortress Insurance Services, adding four new agencies.
Fortress Insurance Services expands TWFG’s local market capabilities across personal and commercial insurance lines.
TWFG acquired Asset Protection Insurance Associates.
This acquisition combines APIA’s specialization in the MGA space with TWFG’s expansive platform, resources, and growth infrastructure.
Shannon DeLaune, along with the entire APIA team, will remain in place.
Inszone Insurance Services acquired Smith & Company Insurance Inc., an Arkansas-based agency with roots dating back to 1904. Smith & Company is co-owned by Mark Smith, Drew Higginbothom, and William Smith.
Smith & Company Insurance developed an aviation division and is entrenched in the commercial agriculture space, alongside writing policies for multiple banks throughout the region.
Inszone Insurance Services acquired Kevin Taylor Insurance Agency LLC.
Operating as Taylor Insurance Agency, the firm brings a personal lines portfolio to the Inszone umbrella, further expanding its footprint in San Antonio, Texas.
Originally founded in 2011 as a captive agency, Taylor Insurance Agency transitioned to a fully independent insurance agency model in January 2014.
Orion180 Insurance is opening a new service center in Salt Lake City, Utah. The office will serve as a hub for customer experience, inside sales, claims intake, and technology support operations. The expansion is Orion180’s third major facility.
Orion180 recently expanded across Texas, Florida, and California. The Salt Lake City office will operate in conjunction with Orion180’s Melbourne, Florida, headquarters.
Orion180 operates as a surplus lines insurance company serving Alabama, California, Florida, Georgia, Massachusetts, Mississippi, North Carolina, South Carolina, Texas, Colorado, Illinois, and Arizona. Additionally, it operates as an admitted insurance company offering coverage in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina, and Ohio.
LP Insurance Services acquired the employee benefits consulting practice of Van Noy Consulting Group in Nevada.
The deal includes the addition of Terry Van Noy as an employee benefits consultant.
Van Noy has more than five decades of leadership and consulting experience across health insurance, managed care, and employee benefits.
Reno, Nevada-based LP Insurance Services is an employee-owned risk management, insurance services, and employee benefits firm with offices in Nevada, California, New Mexico, and Arizona.
Trucordia acquired the assets of Richardson Insurance in Idaho.
Richardson Insurance is a personal and commercial lines firm founded in 1988 by Randy Richardson.
Lindon, Utah-based Trucordia is the group name for a group of companies that offers an array of commercial and personal lines, life and health, and employee benefits insurance services. IJ