Business Moves

September 16, 2024

National

Freeway Insurance

Freeway Insurance, a division of Confie, expanded with six new franchises in Florida, Georgia, Tennessee and California.

In south Florida, James Ospina will head the office in Boynton Beach. In Georgia, John Militano will operate the franchise in Thomaston, south of Atlanta. Phillip Davis leads the office in Morristown, Tennessee.

In California, three new franchises opened, in Azusa, with Adriana Saldivar as owner; in Oxnard, with Igor Avanesov as owner; and in Turlock, with Joel Corona as franchisee.

Freeway was established in 1987 and offers personal insurance plans including auto, home, small commercial and other products.

Confie was founded in 2008 in Huntington Beach, California.

East

HPM Insurance, Insurance Savers Agency

HPM Insurance of Amherst, New Hampshire, acquired Insurance Savers Agency, a personal and commercial lines agency with offices in the towns of Littleton and Thornton.

Gary Finkle is president of Insurance Savers. He opened the first office in 1998 as a one-person insurance agency.

HPM Insurance established its roots in 1860. Lyle Fulkerson is president and CEO.

In addition to the Amherst and new Insurance Savers office in Littleton, HPM Insurance also has offices in Bedford, Goffstown, Laconia and Bristol.

Hub International, Insurance Management Company

Global insurance brokerage Hub International Ltd. acquired Insurance Management Company (IMC) in Erie, Pennsylvania.

IMC provides commercial insurance and risk management services to commercial, industrial, institutional and construction risks. John Bloomstine, president, his sons and the IMC team will join Hub Three Rivers, which is headed by Chet Rhoads.

Hub, headquartered in Chicago, offers risk management, insurance, employee benefits, retirement and other products.

PCF Insurance Services, Asset Insurance

Utah-based PCF Insurance Services acquired the insurance business of Asset Insurance Agency, based in Peabody, Massachusetts.

Asset sells auto, home, commercial and life insurance in Massachusetts, New Hampshire, Maine, Florida, Rhode Island and Connecticut. Erik Muschette is agency founder and principal.

PCF Insurance ranks #13 on Insurance Journal’s 2024 Top Property/Casualty Agencies list.

Midwest

Marsh McLennan Agency, The Horton Group

Marsh McLennan Agency completed its previously announced agreement to acquire Orland Park, Illinois-based The Horton Group Inc. Employees from The Horton Group will join Marsh McLennan Agency and continue working from their existing nine locations.

Founded in 1971, The Horton Group specializes in property/casualty insurance, employee benefits consultation, and personal lines coverage for businesses and individuals.

South Central

Ryan Specialty, Greenhill Underwriting Insurance Services

Ryan Specialty signed a definitive agreement to acquire certain assets of Greenhill Underwriting Insurance Services from Alera Group Inc.

Houston-based Greenhill is a technology-enabled managing general underwriter focused on the allied health industry. The Greenhill team will be a part of Sapphire Blue, Ryan Specialty’s healthcare managing general underwriter.

Founded in 2014, Greenhill is a managing underwriter of small-to-mid-sized allied healthcare policies with a growing portfolio of product offerings. Greenhill’s business is enabled by proprietary web-based technology, Triton.

Alera acquired Greenhill in 2022.

Southeast

ALKEME, Morris & Templeton

ALKEME, a national insurance broker, acquired Morris & Templeton in Savannah, Georgia. Morris & Templeton was founded in 1981. It offers commercial and personal insurance coverages, and has offices in Atlanta and Savannah.

ALKEME is headquartered in Ladera Ranch, California.

Highstreet Insurance Partners, Flagler Insurance Agency

Michigan-headquartered Highstreet Insurance Partners has acquired Flagler Insurance Agency, based in Palm Beach, Florida.

Flagler, established in 1992, has specialized in finding coverage for equestrian, farm, commercial real estate and financial services companies in Florida.

Johnson & Johnson, Strickland General Agency

Johnson & Johnson, a managing general agency operating in 48 states, has acquired Strickland General Agency in Suwanee, Georgia.

Strickland, known as SGA, is a multi-line excess and surplus MGA serving independent agencies in most Southeastern states. Cliff Strickland Sr. is president.

Johnson & Johnson is a fourth-generation, family owned MGA founded in 1930.

IMA Financial Group, Wallace Welch & Willingham

IMA Financial Group is moving into the Florida commercial property insurance market with the merger of Wallace Welch & Willingham Inc.

WW&W, a retail insurance broker based in the St. Petersburg area, has 155 employees. The brokerage traces its roots to 1925. John Hammond is president. The company will now be known as Wallace Welch & Willingham, an IMA Company.

IMA has corporate offices in Denver, New York and Texas.

West

Hub International, Southern Colorado Insurance

Hub International Ltd. acquired the assets of Southern Colorado Insurance (SCIC LLC) in Colorado Springs, Colorado.

Debbie Klisch, owner, and Andrew Klisch, president, and the Southern Colorado Insurance team will join Hub Colorado. Southern Colorado Insurance will be referred to as SCIC LLC, a Hub International company.

SCIC is an independent insurance agency providing commercial and personal insurance. It specializes in various industries, including construction, hospitality and nonprofit organizations.

PCF Insurance Services, DLD Insurance Brokers

PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California.

DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device and technology sectors.

PCF, headquartered in Lindon, Utah, offers commercial and personal lines, life and health, employee benefits, and workers’ compensation insurance.

ALKEME, Dunhill Marketing & Insurance Services

Ladera Ranch, California-based ALKEME acquired Dunhill Marketing & Insurance Services in San Diego, California.

Founded in 1992, Dunhill Insurance Services offers insurance services and specializes in life insurance and annuities with a focus on high-end markets.

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Insurance Journal Magazine September 16, 2024
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