Ohio Bar Liability Insurance Company Acquired by ALPS | Financial Services M&A Deal

ALPS has acquired Ohio Bar Liability Insurance Company, a insurance brokerage business in Ohio, for $31M. ALPS acquisitions expand coverage for attorney professional liability and legal malpractice insurance through OBLIC’s lawyer-focused policyholder base in Ohio. Ohio Bar Liability Insurance Company, founded by the Ohio Bar in 1978, provides professional liability insurance for attorneys and supports stable delivery of coverage statewide. The financial services M&A deal is an add on acquisition and strategic acquisition by ALPS, with the transaction valued in the $25M–$50M range. The insurance brokerage acquisition is positioned as an add on acquisition to combine OBLIC’s reputation with ALPS national scale, infrastructure, and specialized expertise, with the definitive agreement announced in May 2026.