Closed Transactions

For over 20 years, our Firm has continued to be a leading boutique insurance investment bank. Covering all sectors of insurance, Merger & Acquisition Services has completed property casualty and life and health assignments across the country and throughout the world. Our Firm successfully closes 10-15 assignments per year.

The table below provides selected transactions, completed by Merger & Acquisition Services, within the property & casualty and life & health sector, with the ability to filter between sell side assignments and buy side assignments.

Filter by Sell or Buy Side

	COMPANY/ASSET ACQUIRED		ACQUIRER
	The Wooditch Company, Insurance Services, Inc. The Wooditch Company, Insurance Services, Inc. sold to Hub International Limited. Merger & Acquisition Services, Inc. served as the financial advisor to The Wooditch Company.		Hub International
	Global Indemnity Group, LLC Global Indemnity Group, LLC sold American Reliable Insurance Company’s Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual. Merger & Acquisition Services, Inc. served as the financial advisor to Global Indemnity Group, LLC.		Everett Cash Mutual
	Georgia Pines Agency, LLC Georgia Pines Agency, LLC sold to Choice Financial Group. Merger & Acquisition Services, Inc. served as the financial advisor to Georgia Pines Agency, LLC.		Choice Financial Group
	Plans’ Liability Insurance Company Plans’ Liability Insurance Company sold to Fortitude RE. Merger & Acquisition Services, Inc. served as the financial advisor to Fortitude RE.		Fortitude RE
	Landmark Life Insurance Company Landmark Life Insurance Company sold to Mutual of America Life Insurance Company. Merger & Acquisition Services, Inc. served as the financial advisor to Mutual of America Life Insurance Company.		Mutual of America Life Insurance Company
	Infinity Security Insurance Company Infinity Security Insurance Company sold to Transverse Insurance Group, LLC. Merger & Acquisition Services, Inc. served as the financial advisor to Infinity Security Insurance Company.		Transverse Insurance Group, LLC
	Underwriters Alliance, Inc Underwriters Alliance, Inc sold to StoneRidge Insurance Brokers. Merger & Acquisition Services, Inc. served as the financial advisor to Underwriters Alliance, Inc.		StoneRidge Insurance Brokers
	Northeast National Brokerage Northeast National Brokerage was sold to Integrated Specialty Coverages (“ISC”). Merger & Acquisition Services, Inc. served as the financial advisor to Northeast National Brokerage.		ISC
	Heritage Insurance Heritage Insurance sold RX Life Insurance Company to Fortitude RE. Merger & Acquisition Services, Inc. served as the financial advisor to Fortitude RE.		Fortitude RE
	Allianz Allianz sold Associated Indemnity Corporation to WCF Insurance. Merger & Acquisition Services, Inc. served as the financial advisor to Allianz.		WCF Insurance
	Global Indemnity Group American Reliable Insurance Company entered into Property and Casualty insurance book transfer agreements with K2 Insurance Group and Homesite Insurance Company. Merger & Acquisition Services, Inc. served as the financial advisor to Global Indemnity Group.		K2 Insurance Services & Homesite Insurance Company
	First American Financial Corporation First American sold First American Property and Casualty Insurance Agency to Bamboo. Merger & Acquisition Services, Inc. served as the financial advisor to First American Financial Corporation.		Bamboo Insurance
	ITMA – International Transportation & Marine Agency, LLC ITMA – International Transportation & Marine Agency, LLC sold to MS Amlin. Merger & Acquisition Services, Inc. served as the financial advisor to ITMA Management.		MS Amlin
	Agribusiness Risk Underwriters (ARU) Agribusiness Risk Underwriters was sold to Accelerant Holdings. Merger & Acquisition Services, Inc. served as the financial advisor to Agribusiness Risk Underwriters (ARU).		Accelerant Holding
	First American Financial Corporation Entered into Property and Casualty insurance book transfer agreements with Safeco Insurance and Heritage Insurance Holdings, Inc. Merger & Acquisition Services, Inc. served as the financial advisor to First American Financial Corporation.		Safeco/Heritage
	R.V.I. Group Sold R.V.I. Guaranty Company, LTD to Group 1001. Merger & Acquisition Services, Inc. served as the financial advisor to Group 1001.		Group 1001
	Arrowpoint Capital Sold Arrowood Surplus Lines Insurance Company to Transverse Insurance Group. Merger & Acquisition Services, Inc. served as the financial advisor to Transverse.		Transverse
	BSC Financial Corporation Sold Plans’ Liability Insurance Company to White Mountains Insurance Group. Merger & Acquisition Services, Inc. served as Financial Advisor to White Mountains Insurance Group.		White Mountains
	Aran Insurance Services Group Inc Sold to JenCap Holdings LLC Merger & Acquisition Services, Inc. served as Financial Advisor to Aran Insurance Services Group.		JenCap Holdings LLC
	Tailored Solutions Sold to Seeman Holtz Property & Casualty. Merger & Acquisition Services, Inc. served as Financial Advisor to Tailored Solutions.		Seeman Holtz
	Partner Reinsurance Co. of the US Sold PartnerRe Insurance Co. of New York to Employers Holdings Inc. subsidiary Cerity Group Inc. Merger & Acquisition Services, Inc. served as financial advisor to Partner Reinsurance Co. of the US.		Employers
	Financial American Holdings Corp. Sold Financial American P&C Insurance Company to Transverse Insurance Group LLC. Merger & Acquisition Services, Inc. served as financial advisor to Transverse Insurance Group LLC.		Transverse Insurance Group
	Summit Risk Advisors Has completed a 100,000,000 recapitalization and senior debt facility with Colbeck Capital Management. Merger & Acquisition Services, Inc. served as financial advisor to Summit.		Colbeck
	Lackawanna Insurance Group Sold to Group One Thousand One, LLC. Merger & Acquisition Services, Inc. served as financial advisor to Group One Thousand One, LLC.		Group 1001
	CNS Corp. Sold Ozark National Life Insurance, Inc. and N.I.S. Financial Services, Inc. to National Western Life Group, Inc.. Merger & Acquisition Services, Inc. served as financial advisor to National Western Life Group, Inc.		National Western Life Group
	AmeriTrust Group Sold Savers Property & Casualty Insurance Company to State National Companies, Inc. Merger & Acquisition Services, Inc. served as financial advisor to AmeriTrust Group.		State National
	Greyhawk Insurance Company Sold to Ascot Group Ltd. Merger & Acquisition Services, Inc. served as the financial advisor to Ascot.		Ascot
	Munich RE Sold Munich Re Stop Loss, Inc., a managing general underwriter of medical stop loss & provider excess of loss business. Merger & Acquisition Services, Inc. served as the sell side financial advisor to Munich Re.		TMS RE
	WRM America Indemnity Holdings Sold WRM America Indemnity Company. Merger & Acquisition Services, Inc. served as the sell side financial advisor to WRM and Aquiline Capital Partners.		Sirius America
	TMS RE Completed a financing transaction. Merger & Acquisition Services, Inc. served as an advisor to TMS RE		Oak Street Funding
	Walgreens Sold Smart Insurance Company to RGA. Merger & Acquisition Services, Inc. served as the buy side financial advisor to RGA.		RGA Group
	AXA Sold AXA Art Insurance Corporation to Munich RE. Merger & Acquisition Services Inc. served as the sell side financial advisor to AXA Art Holdings, Inc.		Munich RE
	The Doctors Company Sold American Healthcare Indemnity Company to Service Lloyds Insurance Company. Merger & Acquisition Services Inc. served as the sell side financial advisor to The Doctors Company.		Service Lloyds Insurance Company
	NSM Insurance Group Sold to White Mountains Insurance Group, LTD. Merger & Acquisition Services Inc. served as the buy side financial advisor to White Mountains Insurance Group.		White Mountains Insurance Group
	Norman Spencer Agency Sold Marine & Crane Businesses to Specialty Program Group, LLC. Merger & Acquisition Services Inc. served as the sell side financial advisor to the Norman Spencer Agency.		Specialty Program Group, LLC
	Leitao Insurance Sold to HUB International. Merger & Acquisition Services Inc. served as the sell side financial advisor to Leitao Insurance.		Hub International
	ITMA Sold to Augustus Specialty. Merger & Acquisition Services Inc. served as the sell side financial advisor to ITMA – International Transportation & Marine Agency.		Augustus Specialty
	HealthMarkets, Inc Sold HealthMarkets Insurance Company to Aflac Incorporated. Merger & Acquisition Services Inc. served as advisor to Aflac Incorporated.		Aflac
	Hiscox Sold Blue Hill Specialty Insurance Company Inc. to Progressive Corp.. Merger & Acquisition Services Inc. served as the advisor to Progressive Corp.		Progressive
	Mutual of Omaha Sold Omaha Indemnity to Hannover Re. Merger & Acquisition Services Inc. served as the sell side advisor to Mutual Of Omaha.		Hannover RE
	Coverys Sold ProSelect National Insurance Company to Clear Underwriters LLC. Merger & Acquisition Services Inc. served as the advisor to Coverys.		Clear Underwriters LLC
	Allianz Sold Allianz Life & Annuity Company to Munich-American Holding Corporation. Merger & Acquisition Services Inc. served as advisor to Allianz Life Insurance Company of North America.		Munich RE
	Investors Heritage Capital Corporation Sold to Aquarian Investors Heritage Holdings LLC. Merger & Acquisitions Services, Inc. served as advisor to Aquarian Investors Heritage Holdings LLC.		Aquarian Investors Heritage Holdings LLC
	Morgan Stanley Sold Longevity Insurance Company to Penn Insurance and Annuity Company. Merger & Acquisition Services Inc. served as the advisor to Morgan Stanley.		Penn Insurance and Annuity Company
	Union Labor Life Insurance Company Sold ULLICO Life Insurance Company to Clover Health Investments Corp. Merger & Acquisition Services Inc. served as the advisor to Union Labor Life Insurance Company		Clover Health Investments Corp.
	National Assurance Title Inc. Sold to Live Oak Bancshares, Inc. Merger & Acquisition Services, Inc. served as buy side advisor to Live Oak Bancshares, Inc.		Live Oak Bancshares, Inc.
	Sirius Global Solutions Sold Ashmere Insurance Company to National Fidelity Holdings, Inc. Merger & Acquisition Services, Inc. served as sell side advisor to Sirius Global Solutions.		National Fidelity
	AXA Sold Mosiac Insurance Company to Metromile, Inc. Merger & Acquisition Services, Inc. served as sell side advisor to AXA.		Metromile Inc.
	Hanover Insurance Group Inc. Sold Professionals Direct Insurance Company to Watford Specialty Insurance Company. Merger & Acquisition Services, Inc. served as the sell side advisor to Hanover.		Watford Specialty Insurance Company
	Allianz Sold Fireman’s Fund Insurance Company Of Ohio to State National Insurance Company. Merger & Acquisition Services Inc. served as buy side advisor to State National Insurance Company.		State National Insurance Company
	Global Indemnity Insurance Group Sold United National Specialty Insurance Company to State National Insurance Company. Merger & Acquisition Services, Inc. served as the sole advisor to Global Indemnity Insurance Group.		State National Insurance Company
	Daimler Sold Intrepid Insurance Company to W. R. Berkley Insurance Company. Merger & Acquisition Services, Inc. served as the sole financial advisor to Daimler AG.		W. R. Berkley Insurance Co.
	Reltco Inc. Sold to Live Oak Bancshares Inc. Merger & Acquisition Services, Inc. served as buy side advisor to Live Oak Bancshares.		Live Oak Bancshares, Inc.
	Pat Moore Insurance Services Sold to Assured Partners, Inc. Merger & Acquisition Services, Inc., served as the financial advisor to Pat Moore Insurance Services.		Assured Partners, Inc.
	ELM Insurance Brokers Sold to Assured Partners, Inc. Merger & Acquisition Services, Inc., served as the financial advisor to ELM Insurance Brokers		Assured Partners, Inc.
	HealthCare Risk Specialists Sold to Integro. Merger & Acquisition Services Inc. served as the sole financial advisor to HealthCare Risk Specialists.		Integro
	RLI and Mt. Hawley Insurance Co Sold RLI Indemnity Company to Clear Blue Financial Holdings, LLC. Merger & Acquisition Services Inc. served as a sell side advisor to RLI.		Clear Blue Financial Holdings, LLC
	Assurant Sold American Reliable Insurance Company. Merger & Acquisition Services served as a buy side advisor to Global Indemnity.		Global Indemnity
	Granite Insurance Services Sold Granite Insurance Services, an insurance agency focusing on personal & commercial lines business. Merger & Acquisition Services acted as the sole sell side advisor.		Sawicki Agency
	The Insurance Professionals Sold TIP and TIP National, specialty managing general agencies specializing in tow truck, auto transport & motor transportation. Merger & Acquisition Services acted as the sole sell side advisor.		Capacity Group
	The Hartford Sold Servus Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		XL Group
	Unified Grocers Sold Springfield Insurance Company and Unified Grocers Insurance Services, a managing general agency. Merger & Acquisition Services served as the sole sell side advisor to Unified Grocers.		AmTrust Financial Services
	Kemper Insurance Group Sold Valley Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor to Kemper.		Qualitas Controladora S.A.B. de CV
	American Collectors Insurance Sold American Collectors Insurance, an antique and collectable insurance managing general agency. Merger & Acquisition Services acted as the sole sell side advisor..		NSM Insurance Company
	Chubb Sold Northwestern Pacific Indemnity Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Cottage Advisors
	DataRisk LLC Sold DataRisk, a P&C risk management and brokerage consulting firm. Merger & Acquisition Services acted as the sole sell side advisor.		Risk Strategies
	JM Family Holdings Sold J.M.I.C. Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		First Rehabilitation Life Insurance Company
	Hiscox Insurance Company Sold Bracken Hill Insurance Company. Merger & Acquisition Services acted as the sole advisor to acquirer.		Sompo Japan America
	Berkshire Hathaway Sold Citadel Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		GoAuto
	American Collectors Insurance Sold American Collectors Insurance, an antique and collectable insurance managing general agency. Merger & Acquisition Services acted as the sole sell side advisor.		NSM Insurance Company
	Ingram Industries Inc. Sold Tennessee Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer		Integrated Solutions Health Networks, LLC
	Private Seller Sold Keenan Marine Agency. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Norman Spencer
	PICO Holdings, Inc Sold Physicians Insurance Company of Ohio and Citation Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer		White Mountains Insurance Group
	White Mountains Group Sold Citation Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		SCF Arizona
	Molina Healthcare, Inc. Sold Molina Healthcare Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer		Catalyst Health Solutions
	Kemper Sold Response Indemnity of California. Merger & Acquisition Services acted as the sole advisor to the seller.		Fortegra
	Fireman’s Fund Insurance Company Sold Vintage Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Sparta Insurance Company
	QBE Sold United Security Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Missouri Employers Mutual Insurance Company
	Ford Motor Credit Sold Vista Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the seller.		Symphonix Health
	Private Owner Sold Condon & Skelly, an antique and collectable insurance managing general agency. Merger & Acquisition Services acted as the sole advisor to the acquirer.		NSM Insurance Group
	The Hartford Sold Nutmeg Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		RX America
	HILC Holdings Sold Heritage Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the seller.		Guggenheim
	Wellmark Inc Sold Wellmark Community Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Guggenhiem Capital
	Private Seller Sold International Medical Group. Merger & Acquisition Services acted as an advisor to the seller.		Altaris
	The Hartford Sold Hart Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		ACE
	Universal American Sold Peninsular Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Blue Cross Blue Shield
	The Doctors Insurance Company Sold American Healthcare Specialty Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Kinsale Capital
	Specialty Underwriters’ Alliance Sold Specialty Underwriters Insurance Company. Merger & Acquisition Services acted as a diligence advisor to the acquirer.		Tower Group
	Allstate Sold Surety Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		GEHA
	Mutual of Omaha Sold Omaha Property & Casualty Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Beazley
	CBIP Sold Salem Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Progessive
	Unitrin Sold Response Indemnity Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Milville Mutual Insurace Company
	Travelers Insurance Group Sold Commercial Guaranty Casualty Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Max Re
	Private Owner Sold Trafalgar Marine Insurance Services. Merger & Acquisition Services acted as the sole sell side advisor.		Arrowhead General Insurance Agency
	Nipponkoa Sold Nipponkoa Insurance Company of America. Merger & Acquisition Services acted as the sole advisor to the acquirer.		VetInsurance
	Lumber Mutual Sold North American Lumber Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Tower Group
	Private Seller Sold Empac Managers, LLC. Merger & Acquisition Services acted as the sole sell side advisor.		Physicians Insurance
	MIIX Insurance Group Sold MIIX of New York. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Tower Group
	Private Seller Sold SCRUBS Managers, LLC. Merger & Acquisition Services acted as the sole sell side advisor.		Physicians Insurance
	WR Berkley Sold Berkley of the Carolinas. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Emerald Investments LLC
	United Security Assurance Sold United Security of Pennsylvania & Colonial American Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Coventry CareLink
	Zurich Sold Maryland Insurance Company. Merger & Acquisition Services acted as a sell side advisor.		Capson Corp
	Undisclosed Seller Sold Stone Harbor Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Wellcare
	Private Owner Sold NAS Financial Services. Merger & Acquisition Services acted as the sole sell side advisor.		BenefitMall
	Fireman’s Fund Insurance Company Sold Parkway Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Progressive
	Undisclosed Seller Sold a block of Life Business. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Central Security Life
	Private Owner Sold APS San Angelo Insurance Agency. Merger & Acquisition Services acted as the sole sell side advisor.		John M. Glover Agency
	SCOR Sold SCOR Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Morgan Stanley
	Undisclosed Seller Sold a book of Cancer Business. Merger & Acquisition Services acted as the sole advisor to the acquirer.		New Era Insurance Group
	Washington Mutual Sold Washington Mutual Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Oden Group
	ARI Insurance Companies Sold ARI Indemnity. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Atradius
	AIG Sold American General Indemnity Company & American General Property Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		White Mountains Insurance Group
	Fireman’s Fund Insurance Company Sold Fireman’s Fund Insurance Company of Wisconsin. Merger & Acquisition Services acted as the sole advisor to the acquirer.		AXIS
	Westward Group Sold Westward Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Delta Dental of Virginia
	Undisclosed Seller Sold a book of Life Business. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Selected Funeral & Life Insurance Company
	Fireman’s Fund Insurance Company Sold Midway Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.		Darwin
	Physicians Preferred Insurance Company Merged with Florida Doctors Insurance Company. Merger & Acquisition Capital Services provided the Fairness Opinion to the seller.		Florida Doctors
	MPP Inc. Sold Specialty Global Insurance Division. Merger & Acquisition Services acted as the sole sell side advisor.		Capitol Indemnity
	Victore Enterprises Inc. Sold Victore Insurance Company and Agency Bonding Company. Merger & Acquisition Services acted as the sole sell side advisor.		American Safety Casualty
	White Mountains Re Sold Stockbridge Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Ironshore
	OneBeacon Sold American Employers Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Sparta Group
	Lehman Re Ltd Sold Congress Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Tennessee Farmers Life Insurance Company
	Zurich Sold Valiant Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Ariel Re
	Old United Sold American Indemnity Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Catlin
	ACE Sold Industrial Underwriters Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Cardiff
	Aegon Sold Monumental General Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Hire Calling
	Royal & Sun Alliance Sold Marine Indemnity Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Upper Husdon Holdings
	Allianz Sold Monticello Insurance Company, an excess & surplus lines insurance company. Merger & Acquisition Services acted as the sole sell side advisor.		Max Re
	Old Republic Sold Old Republic Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Wellcare
	Central Benefits Mutual Insurance Company Sold a block of Medical Supplement Business. Merger & Acquisition Services acted as the sole sell side advisor.		TransAmerica
	ACE Sold a controlling interest in Demension Services, a Third Party Administrator. Merger & Acquisition Services acted as the sole sell side advisor.		HEZ Acquisitions
	Blue Cross Blue Shield of Kansas Sold Advance Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Wellcare
	Phoenix Insurance Group Sold Phoenix National Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Molina Healthcare
	JP Morgan Sold Congress Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.		Lehman Re Bermuda
	Reliance Insurance Company (in liquidation) Sold Reliance Life Insurance. Merger & Acquisition Services acted as the sole sell side advisor.		USAA
	Franklin Templeton Sold a block of annuity business. Merger & Acquisition Services acted as the sole sell side advisor.		Undisclosed
	RMS Insurance Brokerage Entered into a Managing General Agent Agreement for a rollover book of Nightclub & Hospitility business. Merger & Acquisition Services acted as the sole program placement advisor to RMS.		Munich Re
	Murray White Insurance Agency Completed a secured debt facility. Merger & Acquisition Services acted as the advisor and exclusive placement agent to Murray White Insurance.		BB&T
	Strickland Agency Entered into a Managing General Agent Agreement for a rollover book of General Liability Garage business. Merger & Acquisition Services, acted as the sole program placement advisor to Strickland.		AXIS Insurance Group
	Health Insurance Innovations Completed a partner buyout. Merger & Acquisition Services assisted in raising the financing to complete the transaction		Sun Trust