Business Moves
CMS, Diversified Professional Risk Managers
CMS LLC, an insurance wholesaler based in Melville, N.Y., has acquired Diversified Professional Risk Managers in Rockville Centre, N.Y. Terms of the transaction were not disclosed.
Established in 2013, Diversified Professional Risk Managers is a wholesaler and risk management firm.
Diversified Professional Risk Managers’ current Rockville Centre office will close. The firm’s five staff members will join CMS and relocate to CMS’s Melville office as part of the transaction.
Founded in 1996, CMS is a full service insurance wholesaler providing property/casualty products in 37 states. CMS has additional offices in New York City and Weston, Fla.
CMS said that with this acquisition, it is diversifying its product lines to include management and professional liability.
CMS is also creating a new division, called CMS Management Solutions, that will focus on brokerage, consulting and risk management services for commercial, financial and health care industries.
Diversified Professional Risk Managers Principal Keith Basile will become managing director at CMS and lead the new division.
Church Mutual, SBIC, SCS
Church Mutual Insurance Co., a Merrill, Wis.-based insurer of religious organizations, has completed its acquisition of School Boards Insurance Co. of Pennsylvania Inc. (SBIC) and School Claims Services (SCS).
SBIC and SCS were previously owned by the Pennsylvania School Boards Association (PSBA).
Church Mutual had announced in October 2015 its intent to acquire SBIC and SCS, both based in Mechanicsburg, Penn., to expand its reach in the public schools market.
SBIC writes specifically tailored types of coverage – including property, general liability, boiler and machinery, commercial auto, errors and omissions (school leaders legal liability), excess liability and workers’ compensation.
SCS provides third-party claims administration and risk management services, as well as employee benefits programs and marketing.
Amos A. Phelps & Son, J.H. Slattery
Two multi-generational independent agencies in Boston suburbs – Amos A. Phelps & Son Insurance in Rockland, Mass., and J.H. Slattery Insurance Agency in Abington, Mass. – have announced their merger.
Amos A. Phelps & Son is acquiring J.H. Slattery’s stock for the transaction. Amos A. Phelps & Son’s President Kimberly Phelps Nelson and Vice President Jeffrey J. Phelps – a sister-and-brother team and current owners of Amos A. Phelps & Son – will become owners of both agencies following the transaction.
Amos A. Phelps & Son is a 4th generation, family-owned agency that has been serving Rockland and the South Shore area since 1896. The agency and its six staff members provide comprehensive insurance products for auto, home, life, business, and other specialty markets, including flood and bonds.
J.H. Slattery is a 3rd generation, family-owned agency founded in 1931. The agency and its five staff members provide a wide range of personal and business insurance services.
Amos A. Phelps & Son said both agencies will continue to operate from their current offices in Rockland and Abington and retain their agency names.
John Yurconic, Hazleton Insurance
John Yurconic Agency, an independent agency based in Allentown, Penn., has acquired Hazleton Insurance Center in Hazleton, Penn. Terms of the transaction were not disclosed.
Founded in 1969, John Yurconic Agency offers a wide range of insurance products and has approximately 64 staff members in 11 offices in the greater Lehigh Valley region.
Hazleton Insurance Center was formed in 1971 with the merger of two local agencies, M.J. Laputka & Sons and Benjamin & Markman.
Both John Yurconic Agency and Hazleton Insurance Center are independent agency partners of Keystone Insurers Group, an agency network based in Northumberland, Penn.
Hazleton Insurance Center and its four staff members will continue to serve clients from their Hazleton location as a new John Yurconic Agency branch office.
Digital Benefit Advisors, Corporate Health Systems
Digital Benefit Advisors a national employee benefits firm, has acquired Corporate Health Systems of Eden Prairie, Minn., expanding its footprint in the Minneapolis/St. Paul area.
Corporate Health Systems’ executives, Mick Hawton and Al Hofstede, along with their 42-member benefits consulting and third-party benefits administration team, will join DBA.
Corporate Health Systems was established in 1987 as a benefits consulting firm.
Risk Strategies, Atlass Insurance
Risk Strategies Co., a privately held, national insurance brokerage and risk management firm, has acquired Florida-based Atlass Insurance Group.
Founded in 1981, Atlass Insurance is an insurance brokerage and risk management firm focused on owners and operators of boats, yachts, and commercial vessels worldwide. The acquisition of Atlass, headquartered in Fort Lauderdale with a second location in Cocoa, marks the first entry into Florida for Risk Strategies Co. Atlass also has a location in Newport, R.I.
Following the acquisition, Atlass and its team will continue to operate from its established offices in Florida and Rhode Island while collaborating with the growing Risk Strategies Private Client practice group across the country.
Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets. The company has offices in more than 25 locations.
Alliant, Western Carwash
Alliant Insurance Services Inc. has acquired the Western Carwash Insurance Program in California.
Terms of the deal were not disclosed.
The Western Carwash Insurance Program is the exclusive insurance program of the Western Carwash Association. The program offers comprehensive coverage for property/casualty and workers’ compensation insurance.
The program is led by Sam Furno, a former carwash operator and industry specialist. Furno, along with the program’s management team and staff, will join Alliant and continue to service clients from the Sacramento offices.
Newport Beach-based Alliant is provides property/casualty, workers’ compensation, employee benefits, surety, and financial products and services.