Business Moves
RT Specialty, A.J. Renner & Associates
R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired A.J. Renner & Associates, an Illinois-based wholesale insurance broker specializing in the life science arena.
Following the close of the transaction, the core of the life science team of A.J. Renner will be joining RT Specialty.
A.J. Renner & Associates is the trade name used by Vista Insurance Partners of Illinois Inc. The company was founded in 1985 as an excess and surplus lines broker specializing in insurance products for life science, pharmaceuticals, nutraceuticals, clinical trials, medical devices, healthcare and long-term care.
A.J. Renner also offers exclusive programs for product liability in the generic and specialty pharmaceutical industry.
Terms of the transaction were not disclosed.
NFP, Insurance Management Associates
NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, has acquired Insurance Management Associates (IMA) in Voorhees, N.J. Terms of the transaction were not disclosed.
Founded in 1962, IMA is a commercial property/casualty insurance broker. The firm’s principals, Scott Stegall and Lisa Levin Stegall, will each assume the role of vice president of NFP Property & Casualty and will report to Terrence Scali, CEO, NFP Property & Casualty.
NFP Property & Casualty’s current Mount Laurel, N.J., location will merge with the Voorhees office.
The Andrew Agency, Crowder & Holloway
The Andrew Agency, an independent insurance agency based in Richmond, Va., has acquired Crowder & Holloway in South Hill, Va. Terms of the transaction were not disclosed.
Founded in 1936, Crowder & Holloway is an insurance broker providing personal and commercial insurance services to clients throughout Virginia and North Carolina. The agency’s South Hill office will continue to operate under the Crowder & Holloway name, and two employees from Crowder & Holloway will join The Andrew Agency as part of the transaction.
Integro, HealthCare Risk Specialists
Integro has acquired HealthCare Risk Specialists in West Hartford, Conn. Financial details of the transaction have not been disclosed.
HealthCare Risk Specialists provides custom-designed as well as traditional professional liability insurance services to physicians and physician groups across the U.S.
HealthCare Risk Specialists’ founder David Rossi will remain with the firm in a consulting capacity and Matthew LeBlanc, managing principal, will assume leadership of the business unit. HealthCare Risk Specialists brokers and colleagues will join Integro and remain in their West Hartford office, which becomes Integro’s first office in Connecticut.
AssuredPartners, Insurance & Benefits Group
AssuredPartners Inc. has acquired Insurance & Benefits Group LLC (IBG), headquartered in Sedalia, Mo.
IBG’s 31 employees will continue to operate from its three Missouri locations – Sedalia, Lee’s Summit and Warrensburg – under the local leadership of IBG President Randy Russell.
IBG provides the entire gamut of property/casualty products and services to all types of businesses, municipalities, and educational and nonprofit institutions. The agency also assists clients with health and welfare plans, retirement planning, personal insurance and specialty programs.
Headquartered in Lake Mary, Fla., and led by Jim Henderson and Tom Riley.
Advanced E&S Group
Advanced E&S Group, a Florida-based managing general agency has opened a new branch operation in Dallas,Texas.
April Moeser, branch manager and Lisa Sherman, underwriter, will work with Texas retail agents and expand Advanced E&S’s restaurant program presence in this market.
Moeser will manage distribution, underwriting, marketing, producer relationships and general operations in the state. Prior to joining the Advanced E&S Group, Moeser served as regional manager for RCA Insurance Group focusing on hospitality.
Arthur J. Gallagher, National Administration Co.
Arthur J. Gallagher & Co., has acquired program administrator, National Administration Co., based in Chesterfield, Mo. Terms of the transaction were not disclosed.
Founded in 1987, National Administration Co. (NAC) is a national program administrator that offers affinity group and association products and services throughout the United States. Dale Turvey and his team will continue to operate from their Chesterfield location under the direction of Kevin Garvin, head of Gallagher’s North American affinity operations.