Business Moves

Hub, Der Manouel

Hub International Ltd. has acquired the assets of Fresno, Calif.-based Der Manouel Insurance & Financial Services Inc.

Terms of the deal were not disclosed.

DMIG’s leadership team and staff will join Hub California. Michael Der Manouel Jr., president and CEO of DMIG, will join the Hub California executive management team.

DMIG is a multi-line insurance brokerage that specializes in numerous vertical markets including agriculture, transportation, non-profits and construction.

Chicago, Ill.-based Hub is an insurance brokerage that provides property/casualty, life and health, employee benefits, investment and risk management products and services.

Alera Group: Aisling Partners, HR Benefit Advisors, Spring Consulting, Tigard

Alera Group has acquired three East region firms, effective February 1, 2018.

Alera Group is a Deerfield, Ill.-based national employee benefits, property/casualty, risk management and wealth management firm.

Aisling Partners Insurance Brokerage LLC, located in Worcester, Mass., is an independent employee benefits brokerage and consulting firm that has been in the Northeast for more than 15 years. It is a boutique firm specializing in the design, implementation and administration of health and welfare programs.

HR Benefit Advisors, located in Rochester, N.Y., and founded in 1993, focuses on offering products and services to help businesses navigate the employee benefits industry.

Spring Consulting Group LLC, located in Boston, Mass., is a multidisciplinary employee benefits and risk management consulting firm.

Simultaneously, Alera Group acquired Tigard, Oregon-based Davidson Benefits Planning.

This new round of acquisitions brings Alera Group’s total number of acquisitions since launching in January 2017 to 20.

Brown & Brown of New York, yourPFO Consulting

Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Purchase, N.Y.-based yourPFO Consulting LLC.

yourPFO represents many large company clients in the design and implementation of life insurance and employee benefits plans, including life, health and ancillary, and has annual revenues of approximately $4.5 million.

The yourPFO team will become part of Brown & Brown’s Westchester, N.Y., profit center, which operates under the leadership of Don McGowan, regional president of Brown & Brown Inc. The addition of the yourPFO operation to the Westchester profit center will bring employee benefits consulting experience and expertise for large employer groups, McGowan said in a company press release.

Brown & Brown Inc., through its subsidiaries, offers a range of insurance products and related services, serving business, public entity, individual, trade and professional association clients nationwide. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration and other services.

ABRC, Diversified Insurance

Associated Benefits and Risk Consulting (ABRC) announced it will acquire Diversified Insurance Solutions, based in Milwaukee, Wisconsin. The transaction is expected to close next month. Terms of the transaction were not disclosed.

Based in Green Bay, Wisc., ABRC is an affiliate of Green Bay, Wisc.-based Associated Banc-Corp, and is a multi-line insurance and consulting firm with 400 employees.

As part of the proposed transaction, key Diversified Insurance Solutions executives will continue leadership roles for some time. Along with current ABRC senior leadership, the team will be responsible for the integration and expansion of the business going forward.

Arthur J. Gallagher & Co., Williams Insurance Agency

Arthur J. Gallagher & Co. has acquired Sioux Falls, South Dakota-based Williams Insurance Agency Inc. Terms of the transaction were not disclosed.

Founded in 1967, Williams Insurance Agency offers a full range of property/casualty, life, health and voluntary benefits coverages to businesses and individuals, primarily across South Dakota.

Greg Heineman, Timothy Donohue, Dwight Vondra and their associates will continue to operate from their current location under the direction of Patrick M. Gallagher, head of Gallagher’s Midwest retail property/casualty brokerage operations, and Jerry Roberts, head of Gallagher’s Heartland region employee benefits consulting and brokerage.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Ill.

Jardine Lloyd Thompson Group, International Risk Consultants

Global broker Jardine Lloyd Thompson Group has acquired International Risk Consultants, a U.S. broker specializing in specialist trade credit and political risk insurance.

Based in Columbus, Ohio, and operating across the U.S., Brazil, China and Hong Kong, IRC provides trade credit, single-and-multi-buyer and political risk insurance.

The announcement said IRC’s product specialties align with JLT’s global credit, political and security risk capabilities in Europe, the Middle East and Africa, and Asia. JLT and IRC already work together serving a number of JLT’s global CPS clients.

IRC companies will be rebranded JLT Specialty USA CPS practice, JLT Asia CPS practice and JLT Brazil CPS practice.

Risk Strategies, Prosurance Redeker

Risk Strategies has acquired New York City-based Prosurance Redeker Group LTD. Terms of the deal were not disclosed.

Risk Strategies is a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm. Prosurance Redeker Group is a specialty brokerage serving architects and engineers.

Formed in 1991 from the merger of Redeker Brokerage and Prosurance Brokerage, Prosurance Redeker Group is led by its two principal owners, Greg Kumm and Warren Redeker. The company provides risk management consultation and placement of professional liability and other insurance coverages. It was a founding member of a/e ProNet, the National Network of Architects’ and Engineers’ Professional Liability Insurance Brokers.

Risk Strategies offers risk management advice as well as insurance and reinsurance placement for property and casualty, healthcare and employee benefits risks. It serves commercial companies, non-profits, public entities and individuals.

Topics New York A.J. Gallagher