Business Moves – East

Bollinger, The Morville Agency

Short Hills, N.J.-based insurance brokerage Bollinger Inc. has acquired The Morville Agency of Newton, N.J.

The Morville Agency specializes in insuring New Jersey public entities. The agency’s owner George Morville joins Bollinger as senior vice president in the commercial lines division. The Morville agency team will be actively involved in helping Bollinger expand this segment throughout the company’s entire footprint.

Bollinger is headquartered in Short Hills, N.J., with branch offices in Greenwich, New York, Philadelphia, and additional N.J. locations in Holmdel, Moorestown, Newton, Sparta and Vineland. Bollinger has over 500 employees and is ranked as one of the country’s largest privately owned brokerages.

Ryan Specialty Group, Atlantic Star

Chicago-based Ryan Specialty Group L.L.C. announced its wholesale arm R-T Specialty L.L.C. has acquired assets and operations of Atlantic Star Intermediaries L.L.C.

Atlantic Star Intermediaries, based in New York City, specializes in the wholesale brokerage placement of insurance for the construction and real estate industries, handling primary general liability, property, umbrella/excess liability and affiliated classes of business within these disciplines. In addition, Atlantic Star maintains binding authorities for mono-line owners and contractors protective liability and for mono-line railroad protective liability coverages.

Ryan Specialty Group is a global holding company which includes a wholesale brokerage, a select group of highly-specialized underwriting companies, a Lloyd’s insurer and other specialty services designed specifically for agents, brokers and insurers.

Preferred Concepts, Metro Insurance Services

Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has entered into an agreement to acquire the assets of Metro Insurance Services in Springfield, N.J.

Metro Insurance Services is a national program administrator focusing on package coverage for multi-family residential properties, including apartments and condominium associations. Metro founder and CEO, Steven Gross, will join the Preferred Concepts leadership team as senior executive vice president and chief program officer.

Preferred Concepts stated that the acquisition of Metro enhances Preferred’s real estate offerings which include umbrella, general liability and property programs as well as specialty brokerage services. Founded in 1989, Preferred Concepts is an insurance program underwriter and wholesale broker. The company is headquartered in New York City, with additional offices in Connecticut and Kansas.

Topics New York Agencies Excess Surplus