Business Moves
Relation, Insurance Inc.
Walnut Creek, California-headquartered Relation Insurance Services acquired the assets of Maryland-based Insurance Inc. Terms of the transaction were not disclosed.
Insurance Inc. provides personal and commercial lines insurance and employee benefits throughout Maryland and is headquartered in Owings.
Amir Krell and Tracy Sutton will continue to lead Insurance Inc. under Relation going forward.
Relation Insurance Services is ranked by Insurance Journal within the top 35 largest agencies in the country by revenue and has more than 125 locations nationwide. Primary ownership interests in Relation are held by private equity firm Aquiline Capital Partners.
Alera, Noyle Johnson Group
Independent agency Alera Group reports it has acquired Noyle Johnson Group, a Vermont agency with offices in Montpelier, Danville and Bethel.
Noyle Johnson Group offers personal and commercial lines of coverage from more than 30 carriers. The agency specializes in general liability, business auto, workers’ compensation, property insurance, professional liability, cyber/data breach coverage, farm insurance and liquor coverage.
Dave O’Brien, managing partner, and the Johnson agency team will continue serving clients in their existing roles.
Alera Group has 3,500 employees in more than 150 offices.
World Insurance, Walker Agency
World Insurance Associates acquired Allan M. Walker Insurance Agency of Taunton, Massachusetts.
The Allan M Walker Insurance Agency has been in business since 1847. It offers commercial and personal insurance, as well as bonds. The staff will remain as part of this merger.
World Insurance, founded in 2011, is headquartered in Iselin, New Jersey.
Wood-Dulohery Insurance, Insurance Center
Wood-Dulohery Insurance Inc., with operating locations in Parsons and Pittsburg, Kansas, merged effective July 1 with Insurance Center Inc. (ICI), headquartered in El Dorado, Kansas.
Bob Wood, president of Wood-Dulohery Insurance, said his partner and co-owner Mike Dulohery sold his interest in the firm and it has been renamed Wood Insurance Center LLC. Dulohery plans to remain as a consultant at this time. Wood continues as president and there will be no disruption of services offered to Wood-Dulohery Insurance clients.
ICI is an independent insurance agency with roots dating back to 1885. With locations in El Dorado, Wichita, Augusta, Derby, Emporia and Garden City, ICI provides commercial property/casualty insurance, personal insurance, and employee benefits to clients across the Midwest and beyond.
Hub, Shaver-Robichaux
Hub International Limited acquired the assets of Shaver-Robichaux Agency Inc. (Shaver-Robichaux).
Located in Thibodaux and Raceland, Louisiana, Shaver-Robichaux is an independent agency providing commercial and personal insurance solutions, including home, auto, health, life and recreation.
John Shaver, principal, and the entire Shaver-Robichaux team will join Hub Gulf South.
Risk Strategies, Sebastian Insurance Group
Risk Strategies, a national specialty insurance brokerage and risk management firm based in Boston, acquired Sebastian Insurance Group of Florida.
Sebastian, headquartered in Sebastian, Florida, offers policies for home, auto, marine, commercial, flood and life insurance. Principal Bill Krenier purchased the agency in 2008 with his business partner, Gary Frazier.
Risk Strategies continues to expand by acquisition and now has more than 100 offices around the country. In May, the company acquired The Insurance Center of Central Florida, an agency in Melborne, Florida.
Byars|Wright, Pritchett-Moore
Byars|Wright Insurance, with six offices in Alabama, and Pritchett-Moore Insurance, based in Tuscaloosa, have joined forces to create the Where Relationships Matter Group, or WRM Group.
The firms, both more than 75 years old, have no plans to change locations and current employees will remain in their offices.
The merged firm will continue to offer commercial insurance, surety/bonding, employee benefits plans, and personal and life insurance.
Haig Wright II, president of Byars|Wright, and Pritchett-Moore President Lin Moore will remain as managing members of the WRM Group.
Gabe Clement of Byars|Wright and Andrew Hudson of Pritchett-Moore comprise the merged firm’s executive committee.
Oakbridge, Assurance Center
Atlanta-based Oakbridge Insurance Agency added The Assurance Center to its family.
Assurance, headquartered in Knoxville, Tennessee, is a risk consultancy and agency with an all-woman team. The firm is headed by Kym Clevenger, and provides personal and commercial property/casualty products.
The joint venture/partnership will provide Assurance with new resources, training and management and risk-mitigation tools, while allowing Oakbridge to expand its presence in Tennessee.
Oakbridge, founded in 2020 through the merger of four insurance firms in the Southeast, has continued to expand by partnering with agencies throughout the region.
Higginbotham, Mathis
Mathis, Tibbets & Mathis, a 36-year-old independent broker of commercial and personal property/casualty insurance, surety bonds and employee benefits plans, based in Memphis, has been acquired by Higginbotham.
Higginbotham entered the Tennessee market in 2020. The addition of Mathis gives it a sixth location in the state.
Mathis principals Gene Mathis and Alex Mathis said joining Fort Worth, Texas-based Higginbotham provides access to additional insurers and in-house risk management and employee benefits services.
Alera Group, DFG 401(k)
Alera Group acquired DFG 401(k) Advisors in Phoenix, Arizona. The firm joins Alera Group under the name BCG 401(k) Advisors through Benefit Commerce Group (BCG), an Alera Group company headquartered in Scottsdale, Arizona. The BCG 401(k) Advisors team will continue serving clients in their existing roles.
BCG 401(k) is an independent qualified retirement plan services company that works with employers. Its services include those in fiduciary guidance, plan performance and employee financial wellness.
Alera Group is an independent national insurance and wealth services firm.