J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of the deal were not disclosed.
With the acquisition, J.H. Blades will now place in excess of $250 million of property, control of well and casualty premiums via contract and open brokerage into the United States and London markets each year.
J.H. Blades is a unit of the global wholesale and reinsurance broking group, Cooper Gay Swett & Crawford (CGSC).
Bob Daniels, president of Burke-Daniels, will join J.H. Blades as executive vice president and play a senior role in CGSC North America’s long-running energy practice group. The move will mark a homecoming for Daniels who joined J.H. Blades after college before leaving to co-found Burke-Daniels in 1981.
The Burke-Daniels team has begun moving into the J.H. Blades offices in Houston. Combined, the staff of J.H. Blades now has over 550 years of experience in the upstream oil and gas insurance markets.
Burke-Daniels was advised by Cory Moulton.
Source: Cooper Gay Swett & Crawford (CGSC)
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Abbott Accused at Trial of Hiding Fatal Risk of Infant Formula 
The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits 
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re 
Insurers Hike Rates as Extreme Storms Like Beryl Proliferate 
