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Merger & Acquisition Services, Inc. was incorporated in 1998 with the goal of providing merger and acquisition advice and services to companies within the insurance sector. Since that time, the firm has grown into a boutique insurance investment bank and has worked with over 500 insurance companies and agencies throughout the world.      

During our 25 years of business the firm has utilized our relationships and our experience to provide a comprehensive range of insurance investment banking services to both our existing client base and new clients. As such, our staff has increased dramatically, bringing together professionals with more than 100 years of combined experience in insurance, reinsurance, investment banking, regulatory matters and actuarial analysis. All engagements undertaken by the firm involve our senior advisors who play an active role throughout the entire assignment; a commitment which separates our firm from a number of its competitors within the insurance marketplace.      

M&A Services, Inc. earned the distinction of being the


By S&P Global Market Intelligence. Entity Type: Insurance Underwriter Companies. Geography: USA. Deal Status: Completed. Ranked by: Number of Deals.

The Story of founder-logo

Celebrating 25 Years in Business
  • 2023

    M&A Services celebrates 25 years in business

    M&A Services is awarded M&A DEAL OF THE YEAR - Acquisition of American Realiable Ins. Co. and its Farm, Ranch and Equine book of renewal business by Everett Cash Mutual Ins. Co. from Global Indeminity Group, LLC (NYSE: GBLI)

  • 2022

    M&A Services opens Palm Beach, FL office

    Global indemnity completes sale of its mobile home and dwelling business to K2 and its farm, ranch and equine business to Everett Cash Mutual

    Mutual of America Financial Group acquires Landmark Life Insurance Company

  • 2021

    M&A Services is awarded by The M&A Advisor FINANCIAL DEAL OF THE YEAR - Divestiture of Personal Lines Business of First American to Liberty Mutual

    M&A Services is awarded by The M&A Advisor CROSS BORDER DEAL OF THE YEAR - Acquisition of ITMA by MS AMLIN

  • 2020

    Group 1001 acquires R.V.I Insurance Company

    First American Corporation completes sale of its personal lines business to Liberty Mutual and its personal lines agency to Bamboo

    Allianz completes sale of Associated Indemnity Corporation to WCF Insurance

  • 2019

    M&A Services is awarded by The M&A Advisor CORPORATE/STRATEGIC DEAL OF THE YEAR ($100MM-$250MM) - Acquisition of Lackawanna Insurance Group By Group 1001

    Jason C. Murgio, CEO is awarded by the M&A Advisor INVESTMENT BANKER OF THE YEAR 

    Paul Procops, VP is awarded by The M&A Advisor EMERGING LEADER AWARD

    Aran Insurance Services completes sale to JenCap

    Summit Risk Advisors completed $100,000,000 recapitalization with Colbeck

  • 2018

    M&A Services is awarded by The M&A Advisor CORPORATE/STRATEGIC DEAL OF THE YEAR ($250MM-$500MM) - Acquisition of majority equity stake in NSM Insurance Group by White Mountains

  • 2017

    Munich Re acquires AXA Art Insurance Company

    White Mountains acquires NSM Insurance Group for $388MM

    National Western Life acquires Ozark National Life For $202MM

    Aquarian acquires and takes private Investors Heritage Life in $60MM deal

  • 2016

    Aflac acquires HealthMarket Ins. Co.

    The acquisition of Mosaic Ins. Co. becomes Metromile

  • 2015

    M&A Services opens Cayman office

  • 2014

    The acquisition of RLI Indemnity becomes Clear Blue

    Global Indemnity acquires American Reliable for $114MM

  • 2013

    United Healthcare's Symponix acquires Vista Life for Medicare Part D Program

    NSM Group acquires American Collectors, the 2nd largest collector auto agency in the US

  • 2012

    AIG divests runoff P&C operations to White Mountains Group

  • 2011

    The acquisition of American Healthcare Specialty becomes Kinsale

  • 2010

    Paul Procops & Chris Hughes join the Firm

    M&A Service opens CT Office

  • 2009

    The acquisition of Wellmark Community Ins. Co. becomes Guggenheim Life & Annuity Co.

    The acquisition of SUA Ins. Co. by Tower Group

  • 2008

    Jason C. Murgio acquires 100% ownership of M&A Service and Broadway Financial which becomes Merger & Acquisition Capital Service, the Firm's affiliated broker dealer 


    Daniel Baransky joins the Firm from Foxx Pitt Kelton

    The acquisition of Alliance Assurance becomes WRM America

    The acquisition of SCOR Life Ins. Co. becomes part of Morgan Stanley

  • 2007

    The acquisition of Monticello becomes MAX Re US

  • 2006

    The acquisition of Servus Life becomes XL Life & Annuity

    Traders & Pacific becomes Endurance Specialty

    The acquisition of Parkway & Salem Ins. Co. becomes Progressive's NJ auto companies

  • 2005

    M&A Services opens NYC Office

    The acquisition of Omaha Property & Casualty Ins. Co. becomes Beazley's US operations

    The acquisition of Ulico Indemnity Co. becomes Darwin National

  • 2003

    Jason C. Murgio joins M&A Services

    The acquisition of Sequoia Insurance Company which becomes part of J.P Morgan Partners

    The acquisition of Fidelity Excess & Surplus Ins. Co. which becomes james River Insurance Company

  • 2002

    The acquisition of General Security Ins. Co. which becomes part of Unitrin

    The acquisition of Connecticut Specialty Holdings becomes AXIS Specialty

  • 1998

    Merger & Acquisition Services, Inc. is incorporated by founder David Schofield, an actuary whose career had been at Tillinghast

Merger & Acquisition Services: Helping Insurance Companies Grow and Expand Globally

The firm continues to be known for our activity in the insurance shell market and is considered by many to be the most trusted source for insurance companies and agencies that seek to start up an insurance carrier operation, expand their geographic footprint or enter the US insurance market via shell acquisitions. We are pleased to have assisted these companies in their growth plans and maintain an active relationship with nearly every company we have assisted.

The firm is proud to be one of the few insurance investment banking boutiques to operate a broker-dealer affiliate for the benefit of our clients. Merger & Acquisition Capital Services, LLC is a United States registered broker-dealer which is regulated by the Financial Industry Regulatory Authority (FINRA), Inc. as a FINRA Member Firm and is a member of Securities Investor Protection Corporation (SIPC).

In addition to our broker-dealer affiliate, the firm’s international affiliate (M&A International LTD) provides insurance advisory services to our clients globally. Merger & Acquisition Services has a long track record of completed transactions, working both with US and international clients. The firm has completed in excess of 100 insurance assignments and has been acknowledged in past years as the Top Insurance Advisor by Deal Volume as ranked by S&P Global Market Intelligence and SNL Financial (SNL).

Most importantly however, throughout our years in business, Merger & Acquisition Services has maintained its core values which are to serve our clients honestly, professionally and confidentially. All of our advisors are committed to these fundamental principles while at the same time helping our clients achieve their corporate finance initiatives.

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