Business Moves
All Risks Ltd. has announced the acquisition of American Management Advisors Inc. (AMA). Terms of the transaction were not disclosed.
Following the acquisition, Janet Smith-Hogeland, President of American Management Advisors Inc., and the entire AMA staff will join Alive Risk, a division of All Risks Ltd. This division specializes in property and casualty, as well as accident and health insurance products for festivals, film productions, media, music, touring, sports, recreation and events of all sizes.
All Risks is an independent wholesaler based in Hunt Valley, Md.
Founded in 1972, AMA is a Fairless Hills, Pa.-based managing general agent and managing general underwriter for group accident insurance products.
The Hilb Group LLC (THG) acquired the group benefits division of Sapers & Wallack Inc. (S&W) on Feb. 1, 2017.
The group benefits division at S&W, together with all of its current employees, will join THG’s New England employee benefits operations led by Rob Calise.
Tom Connors, president of the S&W group benefits division, will be the managing director of the Boston office of THG of New England, which will remain at the current S&W location.
S&W President Aviva Sapers and Treasurer Ed Wallack will continue to operate their company’s executive benefits, insurance, retirement and wealth management divisions while collaborating with THG of New England.
Located in the Boston area, S&W is comprised of specialists in group benefits, executive benefits, insurance, retirement plan consulting and wealth management.
The Hilb Group is an insurance agency headquartered in Richmond, Va.
Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired McGrath Insurance Group. The firm will operate as the McGrath Insurance Agency, a division of Starkweather & Shepley.
McGrath merging with S&S further expands the agency’s commitment to Massachusetts and Sturbridge, where S&S already has a local office. The McGrath team believes that by aligning with S&S, it will be able further develop its areas of specialization, according to the release.
S&S is an East Providence, R.I.-headquartered independent insurance agency.
McGrath Insurance Group is an independent insurance agency operating in Sturbridge and Spencer, Mass.
Marsh & McLennan Agency LLC (MMA) has acquired Blakestad Inc., a private client and commercial lines independent insurance agency. Terms of the transaction were not disclosed.
Headquartered in Minneapolis, Blakestad provides property/casualty insurance to privately held businesses and individuals, with expertise in working with high-net worth individuals and families worldwide. All of Blakestad’s employees and leadership, including its president Jerod Blakestad, are joining MMA and will continue operating out of the firm’s current Minneapolis office.
Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in 2008 to serve as a platform for the middle market.
The Plexus Groupe LLC, a privately held national insurance brokerage and risk management consultancy based in Deer Park, Ill., has acquired Arlington Heights, Ill.-based Fairway Financial Insurance Group, an independent personal lines insurance agency.
Fairway will be rebranded as Plexus and operate out of the firm’s Deer Park headquarters.
Deborah Dohn, agency principal of Fairway, joined Plexus to lead the firm’s new Plexus Private Client Solutions personal lines insurance practice.
Plexus Private Client Solutions operates nationally and offers comprehensive, white-glove auto, home and related personal lines coverages for individuals and families.
Dohn will serve as vice president for Plexus Private Client Solutions, which is part of the firm’s property/casualty practice.
Hub International Ltd. announced three recent acquisitions.
Hub acquired the assets of Tri-Star Insurance Professionals Inc. (Tri-Star) in Plano, Texas.
Hub also acquired the assets of Wolf Point, Mont.-based Cassco Insurance Inc.
And Hub acquired LISSC in Santa Ana, Calif.
Terms of all three deals were not disclosed.