Business Moves
Confie Seguros
Personal lines insurance brokerage Confie Seguros acquired three additional brokers: James S. Sullivan Agency and Advanced Auto Insurance in New York, and Family Insurance in Corpus Christi, Texas.
James S. Sullivan Agency is an independently owned agency selling personal lines and small commercial insurance at 16 retail locations in towns in the Buffalo, Rochester and Syracuse regions with 41 employees. Advanced Auto Insurance is an independent agency with locations in downtown Rochester and Greece. Family Insurance was established in 1990 and serves the Corpus Christi area through two retail locations.
Confie Seguros said that the staffs and locations of the agencies will remain in place. Terms of the transaction were not disclosed.
AssuredPartners, AJM Insurance
AssuredPartners of New Jersey, an AssuredPartners Inc. platform operation, acquired Anderson-Jackson-Metts (d/b/a/ AJM Insurance).
AJM Insurance specializes in commercial insurance coverage, personal insurance coverage, financial planning, and health benefits for corporations and individuals. The agency is one of the largest firms in southern New Jersey, reporting revenues of $5.3 million.
As part of the acquisition, 30 AJM Insurance employees will join AssuredPartners of New Jersey. Operations are based in Mt. Laurel, N.J., and will continue under the leadership of Tony Mahon and Salvatore Abate.
Headquartered in Lake Mary, Fla., AssuredPartners Inc. is a portfolio company of Chicago-based private equity firm GTCR.
USI, Richard J. Princinsky & Associates
Briarcliff Manor, N.Y.-based USI Insurance Services has acquired Richard J. Princinsky & Associates Inc., located in Hunt Valley, Md. Terms of the transaction were not disclosed.
Established in 1976, Richard J. Princinsky & Associates has partnered with corporate and nonprofit businesses to provide services for employee benefits programs focusing on strategic planning, regulatory compliance, HR support, corporate wellness services, custom benefits communications and retirement plan services.
USI said the acquisition expands its employee benefit practice into Maryland and enhances its employee benefits business in the Mid-Atlantic region and nationally.
Arthur J. Gallagher & Co., RJ Dutton
Insurance brokerage and risk management services firm Arthur J. Gallagher & Co., has acquired RJ Dutton Inc. (RJ Dutton) of Overland Park, Kan.
Established in 1995, RJ Dutton provides employee benefit consultation and brokerage services for primarily self-funded, large group clients throughout the United States. The firm also offers benefits plan design; group purchasing programs; consumer directed plans such as health savings accounts, health reimbursement arrangements and cafeteria plans; retirement plans and regulatory compliance. It specializes in the medical, energy, professional sports, mining, retail and hospitality industries.
Ron Dutton and his associates will continue to operate from their current location under the direction of John Neumaier, leader of Gallagher’s south central employee benefit consulting and brokerage operations.
Alliant Insurance Services, EnRisk
Specialty insurance brokerage firm, Alliant Insurance Services Inc. has acquired EnRisk Services Inc., a Ft. Worth, Texas-based firm that specializes in insurance and risk management for the energy industry. EnRisk also has offices in Houston and Denver.
EnRisk CEO John B. Ludwig will join Alliant as executive vice president and managing director with the firm’s Energy and Marine Group, which will combine leadership teams and risk professionals from both companies.
Ludwig has more than 28 years of experience in the energy and insurance industries, and his leadership is credited with establishing a team at EnRisk that more than quadrupled revenue while expanding the firm with offices in Houston and Denver.
Hub, Connelly, Carlisle, Fields & Nichols
Global insurance broker Hub International Ltd. has acquired the assets of Connelly, Carlisle, Fields & Nichols (CCFN), a Clearwater, Fla.-based insurance brokerage firm. Terms of the acquisition were not disclosed.
The CCFN operations will do business as Hub International Florida. Hub’s existing Florida-based operations, currently led by Latimer Farr, will merge into the newly formed platform, and Farr will serve as president, Hub International Florida Personal Lines.
In connection with the acquisition, John Connelly, president of CCFN, will join Hub as CEO, Hub International Florida, reporting to W. Kirk James, president, Hub International, Southeast/Mountain regions and chief operating officer for Hub.