Deal activity in the US intermediary and program space continues at pace, with Inszone, Relation Insurance and Risk Theory all announcing acquisitions as they expand into new geographies and specialist niches.
Inszone Insurance Services has acquired Jaffery Insurance & Financial Services, marking its first move into Nebraska and further strengthening its Midwest presence.
Omaha-based Jaffery Insurance was founded in 2019 by Cyrus Jaffery and has grown rapidly as a personal lines specialist with a focus on home and auto, building much of its book through referral relationships with realtors and mortgage professionals.
Jaffery said the decision to sell was driven by a need for greater resources while preserving that culture. He added that the team has grown significantly and, after speaking with several potential partners, Inszone "stood out" on fit and alignment of growth plans.
Meanwhile, Inszone CEO Chris Walters highlighted the agency's growth, referral model and service ethos as key attractions, adding that the deal expands the broker's geographic footprint and personal lines capabilities across the Midwest.
Relation Insurance Services has acquired the assets of Rummel Associates, Inc., a commercial and personal lines agency based in Chicago, Illinois.
The transaction, effective Jan. 31, 2025, adds another Midwest presence for Relation as it continues to build out its retail footprint.
Founded in 1948, Rummel brings a long history of client relationships and a mixed commercial–personal portfolio. Owner Jared Rummel will remain in place to manage the Chicago office under the Relation banner. He said joining Relation would enable the agency to expand the scope of services it offers, leveraging the larger broker’s broader carrier network and expertise to deliver more customized coverage options.
Meanwhile, Relation CEO Tim Hall said the acquisition aligns with Relation’s strategy of partnering with established regional brokers to deepen local presence while adding access to national resources.
Specialty insurance platform Risk Theory has completed its first managing general agent (MGA) acquisition with the purchase of Roundhill Express, a technology‑enabled MGA focused on commercial habitational property in New York City.
Dallas‑based Risk Theory, founded in 2013, has built a portfolio of 15 specialty programs across seven brands through organic program origination, targeting niches where capacity and specialist underwriting expertise are limited. Roundhill will continue to operate under its own brand, retaining its focus on the New York metropolitan habitational segment.
Risk Theory said it is actively evaluating additional opportunities across specialty property, casualty and professional lines where it believes underwriting expertise, aligned capacity and differentiated access can create durable competitive advantage.
