Gallagher Buys PEO Insurer in Florida
Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, announced that it has acquired Florida-based Risk Transfer Agency.
The 22-year-old agency, with offices in Orlando, offers insurance products for professional employer organizations and temporary staffing firms. Dino Fabrizio, Jennifer Robinson and associates will remain in their current offices and will report to Peter Doyle, head of Gallagher’s Southeast region retail property-casualty brokerage operations, and to Chris Leisz, head of Gallagher’s U.S. wholesale brokerage, binding authority and programs division, Gallagher said in a news release.
Terms of the deal were not disclosed. The acquisition is one of several that Gallagher has completed around the country in recent weeks.
Acrisure, Appalachian
Acrisure, a fintech company and insurance broker, has acquired Tennessee-based Appalachian Underwriters, a managing general agency, along with U.S. Administrator Claims, a third-party administrator.
Appalachian, headquartered in Oak Ridge, Tennessee, has more than $400 million in gross premium, from placing workers’ compensation, commercial specialty, personal lines and transactional wholesale policies, according to a news release.
Acrisure said it offers fintech products for insurance, asset management, real estate and cyber services, and has revenue of more than $3 billion.
Liberty, Home Port
Home Port Insurance Group, in Pembroke Pines, Florida, has been acquired by The Liberty Company Insurance Brokers, the companies announced this week.
The family-owned Home Port is led by Mariano Demarin. Liberty calls itself one of the fastest-growing insurance brokers in the United States.
Gracey-Backer Acquires Edwards Agency After Owner’s Retirement
Gracey-Backer Inc., a 97-year-old insurance agency in Delray Beach, Florida, announced that it has acquired the Bob Edwards & Associates agency in West Palm Beach.
Edwards owner Linda Pearson is retiring and the agency will be consolidated into Gracey-Backer’s Delray Beach office, expanding the firm’s personal and commercial lines customers, the company said in a news release.
Gracey-Backer was founded in 1925 by Matthew Gracey IV and Frank Gracey during one of the first Florida real estate booms. The agency offers all lines of insurance, including professional liability, personal, and commercial insurance. Ronald Backer and Barbara Backer are third-generation and John Backer, David Backer, and Katherine Backer Moyer are fourth-generation owners.
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