Business Moves
Wellington Management and The Hartford entered into a definitive agreement under which Wellington will acquire Hartford Funds. Upon closing, Hartford Funds will be integrated into Wellington’s U.S. Wealth business and going forward the business will operate under the Wellington brand. The deal is expected to close in the first quarter of 2027, subject to regulatory and fund approvals.
As a single, integrated platform, Wellington will provide advisors with broader access to investment strategies and solutions across mutual funds, ETFs, SMAs, models, and alternative investments.
The Wellington and Hartford Funds’ relationship began in 1978 and formally evolved in 1984 with the launch of a long-standing sub advisory partnership across mutual funds. Since then, the partnership has broadened to include new capabilities such as ETFs and additional investment strategies.
Luminor Risk, a managing general agent specializing in the U.S. excess and surplus property market, announced its official launch on May 28 with backing from investment and technology firm D.E. Shaw group.
The Atlanta-based Luminor platform pairs experienced underwriting leadership with modern data and modeling infrastructure, giving underwriters real-time analytical support across submission intake, risk selection, pricing, and portfolio construction.
The D.E. Shaw group, as majority owner, will deploy fully collateralized capacity sitting behind Luminor’s capital partners. Luminor has also attracted a group of reinsurers and capital providers as capacity partners.
South Korea’s DB Insurance Co. acquired The Fortegra Group. The Jacksonville, Florida-based Fortegra will operate independently and keep its existing leadership team as well as distribution relationships. Fortegra scrapped its planned initial public offering last year, citing market conditions. The $1.65 billion acquisition by DB Insurance is the biggest US acquisition by a non-life insurer from the country.
King Risk Partners acquired The Roberts Agency Inc., an independent insurance agency specializing in the construction industry that is based in Bloomfield, Connecticut.
The Roberts Agency has been in business for more than 60 years, serving home builders, trade contractors, general contractors, and construction-related businesses with coverages and surety bonds. The agency’s service area extends beyond Connecticut to include Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont. The agency also offers commercial insurance, special coverage, benefits coverage, and homebuilders programs.
Jennifer Semple and Laura Langan are the owners of The Roberts Agency.
Headquartered in Gainesville, Florida, King Risk Partners has been expanding its presence across Eastern and Southeastern states.
Sands Point Risk, a multi-program managing general agency platform, acquired Launch Environmental Underwriters, a provider of environmental general liability insurance. The terms of the transaction were not disclosed.
Jersey City, New Jersey-based Launch focuses on complex risks across the energy, infrastructure, construction, chemical, mergers and acquisitions, and industrial sectors.
Stamford, Connecticut-based Sands Point said Launch will serve as the cornerstone of its environmental practice.
Sands Point Risk was launched in 2024 to serve the transaction liability insurance sector with the support of private equity firm Avesi Partners. Dennis Kearns, who founded the transaction risk program at DUAL, is chief executive officer of Sands Point. Dan Simnowitz and Patrick Darragh, who were also part of the DUAL’s transaction program leadership team, are executive vice presidents at Sands Point.
Risk Placement Services, Inc. (RPS) acquired McKee Risk Management Inc., a King of Prussia, Pennsylvania-based program administrator. Terms of the transaction were not disclosed.
McKee Risk Management provides underwriting, policy administration, claims coordination and risk management services with program focuses of construction, public entity and property. Clyde McKee III, Clyde McKee IV and their team will operate under RPS’s program administration division.
RPS is the U.S. wholesale brokerage, binding authority and programs division of global broker Arthur J. Gallagher & Co. Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois. Gallagher provides services in approximately 130 countries.
Shepherd Insurance acquired two Indiana agencies, Indianapolis-based Capitol Insurance Group and Cox & Kimball Insurance, based in Bedford.
Founded in 1981, Capitol Insurance Group is a family-owned company. Capitol clients will continue working with the same trusted local team, now supported by Shepherd Insurance’s expanded resources, broader carrier relationships, and additional expertise.
Cox & Kimball brings decades of industry experience and long-standing client relationships to the Shepherd team. As part of this partnership, the Cox & Kimball team will join Shepherd Insurance’s Bedford location. The acquisition holds special significance as founder Dave Shepherd was born in Bedford.
Shepherd is an independent insurance agency serving clients across multiple states, with a focus on delivering customized coverage solutions backed by responsive, relationshipdriven service.
World Insurance Associates LLC acquired the business of Agency West Insurance of Olathe, Kansas. Terms of the transaction were not disclosed.
Agency West has been operating in Kansas for many years. They serve the insurance needs of both families and individuals, as well as businesses.
Inszone Insurance Services announced the acquisition of Michigan-based Legacy Partners Insurance Services.
Following the acquisition, the Legacy Partners team will continue to operate primarily from its Harrison Township hub. Founder Joe Graham will remain actively involved as an agency partner. Additionally, Legacy Partners’ chief operations officer, Cale Johnson, will be stepping into a new role as General Counsel for Inszone.
Howden acquired the intellectual property assets of Cybeta, a cyber data and analytics provider. The acquisition enables Howden to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes.
Fishers, Indiana-based Cybeta was founded in 2019 by a team of data science experts with experience in the U.S. Department of Defense and intelligence communities to help businesses predict and prevent cyber attacks. In addition to the acquisition, former members of Cybeta’s team also join Howden.
This acquisition follows the launch of Howden’s U.S. Cyber practice in January 2026, which supports clients across all aspects of cyber insurance, including strategy, client service, brokerage, product development, claims and cyber risk consulting.
TWFG acquired Fortress Insurance Services, adding four new agency locations and expanding TWFG’s presence in the Upper Midwest and TWFG’s local market capabilities across both personal and commercial insurance lines.
Agency Brokerage Consultants advised Fortress Insurance Services on the transaction.
ANV, a global insurance intermediary platform, has completed the acquisition of Specialty Comp Insurance Solutions from Specialty Program Group, a subsidiary of Hub International.
SCIS is a Texas-based managing general agent specializing in tough-to-place monoline workers’ compensation insurance.
SCIS currently manages a diversified portfolio spanning key industries including construction, manufacturing, and healthcare. SCIS also has a presence in the temporary staffing industry.
Founded in 2007 and headquartered in Dallas, Texas, SCIS operates with a team of 20 employees led by an experienced executive group with deep backgrounds in specialty underwriting, actuarial science, and program management.
California-headquartered Inszone Insurance Services acquired Coastal Insurance Services in Florida and affiliated Optimal Insurance Solutions.
The acquisition marks Inszone’s first step into the Florida market, the company said in a news release. Coastal Insurance was founded in 2008 by Rolando Gonzalez. He later established Optimal Insurance in Illinois, and the two agencies were combined in 2024.
The agencies’ teams are likely to remain in place under the Inszone ownership, the companies said. Inszone offers commercial and personal insurance coverage, as well as benefits.
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 over 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 business and individual clients throughout the Western U.S. The firm has offices in Nevada, California, New Mexico and Arizona.