Business Moves
Marsh & McLennan Agency, MHBT
Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Dallas-based MHBT Inc., one of the nation’s largest independent insurance brokers. Terms of the transaction were not disclosed.
With roots dating back nearly 100 years, MHBT provides insurance, risk management, and employee benefits solutions to businesses and individuals throughout the United States.
The firm has annual revenue of approximately $76 million and 350 employees in five offices throughout Texas.
All MHBT employees will join MMA and operate under the name “MHBT, a Marsh & McLennan Agency LLC company.”
MHBT will serve as MMA’s Southwest regional hub under the leadership of MHBT CEO Bill Henry.
Anthony C. Gruppo, who has been MMA’s Southwest regional CEO since 2013, will continue as CEO of MMA Houston.
Confie Seguros
Confie Seguros, based in Huntington Beach, Calif., has acquired two insurance brokerages in New York, including its first location in New York City, and one in Texas. Terms of the transactions were not disclosed.
Confie acquired R&R&R Brokerage Inc. in New York City, a provider of auto insurance founded in 1979.
In addition, Confie said it expanded in the Rochester, N.Y., region with the acquisition of Eastern General Insurance Services Inc., which has five locations in Rochester and Buffalo.
Confie also acquired Colyer Insurance Agency Inc. of San Antonio, Texas. Colyer Insurance has been part of the San Antonio community for more than 35 years providing personal lines.
Hub, Lovsted-Worthington
Hub International Ltd. has acquired the assets of Lovsted-Worthington Insurance, which serves Seattle and Western Washington. Terms of the deal were not disclosed.
LW will become part of the Hub International Northwest operations. LW is a commercial and personal lines brokerage. The firm has locations in Seattle, Bothell and Chehalis, which will remain in operation.
Carl Lovsted III, CEO of LW, will join Hub Northwest as executive vice president serving on the region’s leadership team and overseeing the LW operations in Seattle and Chehalis. Dean Young, president of LW, will join Hub Northwest as senior vice president working in the combined Bothell operations with a continued focus on sales and working directly with customers.
Alliant, Mary Roach
Newport Beach, Calif.-based Alliant Insurance Services has acquired Mary Roach Insurance Agency Inc., a provider of crop insurance to the agribusiness community.
Roach, the founder, will join Alliant as senior vice president in agribusiness and food services. The merged firm will operate as Mary Roach Insurance Agency Inc., a division of Alliant Insurance Services Inc. and will continue to be located in Fresno.
NFP, Horenberg Insurance
NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, has acquired Horenberg Insurance Services Inc., an independent agency in Burtonsville, Md. Terms of the transaction were not disclosed.
The agency’s president, Glenn Horenberg, who has more than 35 years of industry experience, will serve as managing director, NFP Property & Casualty.
Risk Strategies, Dubraski & Associates
Risk Strategies Co. acquired San Diego-based Dubraski & Associates Insurance Services, a national brokerage and consulting firm that provides risk and insurance solutions to the healthcare industry.
Founder and CEO Robert Dubraski, his partner Riggs Stephenson and their teams will remain with the firm. Dubraski will continue as president and CEO of Dubraski & Associates, will lead the combined national healthcare practice and will become a member of Risk Strategies’ senior leadership team.
Keystone Insurers Group
Keystone Insurers Group added three Missouri agencies as franchise partners: Missouri General Insurance Agency in St. Louis; Springfield, Mo.-based agency Barker Phillips Jackson; and Winter-Dent & Company of Jefferson City.
Missouri General offers business and personal insurance, and benefits and financial services.
Barker Phillips has more than 60 employees and has satellite locations in Rolla and West Plains.
Winter-Dent employs 50 staff members and offers a full range of insurance, bonds, employee benefits and financial services.
Arthur J. Gallagher, James R. Weir Insurance
Arthur J. Gallagher & Co. acquired James R. Weir Insurance Agency Inc. in Mankato, Minn. Terms of the deal were not disclosed.
Weir is a retail insurance broker providing commercial property/casualty, risk management consulting, employee benefits and personal lines insurance services.