Business Moves

August 7, 2023

World Insurance Associates, Schlegel & Schlegel Insurance Brokers, Shield Insurance Services

Insurance broker World Insurance Associates has acquired the business of Schlegel & Schlegel Insurance Brokers Inc. of West Yarmouth, Massachusetts.

Schlegel & Schlegel has been providing home, auto and business insurance to customers in Massachusetts since 1972. Paul Schlegel is the agency owner. The firm has four additional agents and two customer service representatives.

WIA also has acquired the business of Shield Insurance Services of Freehold, New Jersey.

Shield specializes in commercial insurance to the transportation sector, with a particular focus on the moving and storage industry. Jose Caraballo is president of Shield.

World Insurance Associates is headquartered in Iselin, New Jersey.

Arthur J. Gallagher, The Andersen Group

Global insurance broker Arthur J. Gallagher & Co. acquired Chantilly, Virginia-based The Andersen Group.

The Andersen Group is a retail insurance agency serving non-profit trade associations, government contractors and engineering services companies in the greater Washington, D.C., area.

Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois.

Risk Strategies, First Insurance Group

Risk Strategies and Premier Financial Corp. announced that Risk Strategies has acquired Ohio-based First Insurance Group from Premier Financial Corp., a community banking and financial services holding company based in Defiance, Ohio.

First Insurance Group, founded in 1946, offers custom insurance placement services for commercial and personal property and casualty, health, life and employee benefits, as well as fee-based consulting services for employee benefits programs and a variety of related services.

Conrade Insurance Group, The Hawkins Group, Boston Insurance, Richey Health Benefits

Newton, Kansas-based Conrade Insurance Group (CIG) completed three business acquisitions during the first half of 2023.

In January, Wichita, Kansas-based The Hawkins Group, including Agency Principal Daniel Hawkins and Employee Benefits Consultant Hannah Hawkins, joined Conrade Insurance Group.

Specializing in group employee benefits, The Hawkins Group brings decades of experience in employer sponsored group health plans, as well as a full offering of ancillary and voluntary employee benefit plans, to the combined firm.

In April, Boston Insurance, led by Mark Boston, joined the group. Boston has been a fixture in the Newton, Kansas, property/casualty insurance community since 1985. Mark Boston will serve as a personal lines senior risk consultant and will work alongside Dan Heinze Jr., vice president of Community Business.

In June, Wichita-based Richey Health Benefits, a full-service employee benefits insurance agency, joined Conrade. Robert Richey will continue at Conrade as an employee benefits consultant, as will Tammy Minihan, as an employee benefits account manager, and Rebecca Outland, as an employee benefits service advocate.

Marsh McLennan Agency, Trideo Systems

Marsh McLennan Agency, a subsidiary of Marsh, has acquired Arlington Heights, Illinois-based Trideo Systems, a risk management information system (RMIS) provider for health care organizations.

Founded in 2008, Trideo’s RMIS platform enables health care clients nationwide to efficiently manage risk from its inception as an adverse event, to its eventual resolution through the claims process, saving time through improved collaboration on its secured unified platform.

All Trideo employees, including its Co-Founder and Senior Vice President Paresh Purohit, will join Marsh McLennan Agency and work out of the Schaumburg, Illinois, office.

Oakbridge Insurance Agency, JHA Risk Management

Georgia-based Oakbridge Insurance Agency has acquired JHA Risk Management in North Carolina.

JHA, based in Rocky Mount, specializes in personal and commercial property/casualty insurance, along with surety bonds, employee benefits, construction and education coverage.

JHA, founded more than 100 years ago, will maintain its office in North Carolina. Paul Bauer is president.

Hub International, Golden Corner Wealth Advisors

Hub International Ltd., an insurance brokerage and financial services firm, has acquired Golden Corner Wealth Advisors in Seneca, South Carolina.

Golden Corner, owned by Golden Green Inc., is a financial advisory firm that coaches clients on investments, planning and insurance. Founder Jim Charbonneau and his team will join Hub Carolinas.

Chicago-based Hub’s retirement and private wealth practice includes several registered investment advisory affiliates.

NFP, Presidio Financial Services Corp.

NFP acquired Presidio Financial Services Corp. in Westlake Village, California.

Presidio is an independent insurance brokerage that provides products tailored for physicians, doctors, healthcare facilities and healthcare professionals.

Gisela Plazas, Presidio’s founder and CEO, will be joining NFP and working with Scott Foster, NFP’s Healthcare & Life Sciences Specialty practice leader.

NFP is a property/casualty broker, benefits consultant, wealth manager, and retirement plan advisor.

NSM Insurance Group, Shield Commercial Insurance Services

NSM Insurance Group acquired Shield Commercial Insurance Services in Palm Desert, California.

Shield specializes in insurance solutions for the general contractor and construction liability space. Shield is focused on underwriting business for small and mid-sized contractors, offering coverages for general liability, excess liability, workers’ compensation, inland marine, and contractors professional and pollution liability.

NSM is a specialty insurance provider focused on building insurance programs.

Higginbotham, Cress Insurance Group

Higginbotham acquired Cress Insurance Group in Albuquerque, New Mexico.

Higginbotham and Cress Insurance Group will come together to enhance ser-

vice to the group’s 2,500 clients and serve a broader customer base in New Mexico.

Cress Insurance Group President Tom Cress will continue guiding the agency as managing director.

Cress Insurance Group is an independent commercial and personal property/casualty insurance and employee benefits agency locally owned since 1984.

Higginbotham, an employee-owned firm, is based in Fort Worth, Texas.

Arthur J. Gallagher, Benchmark Commercial Insurance Services

Arthur J. Gallagher & Co. acquired Carlsbad, California-based Benchmark Commercial Insurance Services.

Benchmark is a retail insurance agency offering commercial and personal risk management and insurance services to business owners in San Diego and the surrounding area.

Robert Cohen and his team will remain in their current location.