Insurance agency mergers and acquisitions hit an all-time high in 2012—with 291 total transactions in the U.S. and Canada—according to a recent study.
The study analyzed reported transactions from various sources, and includes retail and wholesale agencies and brokerages, and MGAs/MGUs selling property & casualty, employee benefits and life/financial services products.
Read more of PC360's coverage of the study HERE.
Interestingly, while the majority of the 291 acquisitions in 2012 were made by privately owned agency groups, none of the top-10 most-active buyers in the year were privately owned.
Click “next” to see which agencies and brokerages were the Top 10 buyers in 2012.
10. CBIZ
Announced Transactions in 2012: 5
Total Transactions since 2008: 13
Ownership: Public
9. Western Financial Group
Transactions in 2012: 5
Total since 2008: 14
Ownership: Bank
8. Digital Insurance
Transactions in 2012: 9
Total since 2008: 21
Ownership: Public
7. Marsh McLennan Agencies
Transactions in 2012: 9
Total since 2008: 23
Ownership: Public
6. USI Holdings
Transactions in 2012: 10
Total since 2008: 30
Ownership: Private-equity backed
5. Brown & Brown
Transactions in 2012: 15
Total since 2008: 102
Ownership: Public
4. Assured Partners
Transactions in 2012: 17
Total since 2008: 23
Ownership: Private-equity backed
3. Confie Seguros
Transactions in 2012: 18
Total since 2008: 32
Ownership: Private-equity backed
2. Hub International
Transactions in 2012: 21
Total since 2008: 91
Ownership: Private-equity backed
1. Gallagher
Transactions in 2012: 30
Total since 2008: 102
Ownership: Public
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
