Business Moves

Heffernan, Consuasor Insurance

Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York.

Founded in 2006, Consuasor is a multi-lines middle market broker with offices in New York City and Long Island, N.Y. Consuasor’s New York City operations will relocate to Heffernan’s midtown office, while its Long Island office will become Heffernan’s 10th location nationally.

Former Consuasor President and CEO Marc Hudak will serve as regional senior vice president, overseeing the group benefits practice for the New York City office of Heffernan Insurance Brokers. Hudak brings with him a three-person support team and a book of benefits business, along with commercial insurance and personal lines.

UK MGA Nexus Group, PartnerRe

Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines underwritten by Nexus for a term of up to five years. The bulletin also noted that the Nexus Group “has become the largest independent specialty managing general agent in the London market with gross written premium due to surpass US$100 million in 2013.” It has also made profits in the last two years in excess of $3 million.

Brown & Brown, Rollins Agency

Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., acquired certain assets of The Rollins Agency in Rye Brook, N.Y.

With roots dating from 1910, The Rollins Agency provides a wide range of insurance products and services to clients throughout the Connecticut, New Jersey, and New York tri-state area. The agency has annual revenues of approximately $5.5 million.

Brown & Brown of New York’s existing White Plains, N.Y., office will relocate to The Rollins Agency’s existing office in Rye Brook, N.Y. The combined office will operate under the leadership of Mark Rollins, who has been serving as co-chairman and CEO of The Rollins Agency.

Sawyer Insurance, Higginbotham

Sawyer Insurance Agency has merged with the Dallas office of Higginbotham.

Sawyer Insurance in Richardson, Texas, has been owned and operated by agent Mike Sawyer since 1975. He and two insurance professionals provide personal and commercial coverage to clients owning property in the U.S. and other countries. At Higginbotham, Sawyer will retain current clientele and focus on personal home, auto and liability accounts. Sawyer Insurance will adopt the Higginbotham name.

Topics New York