Krauter & Co. Opens Chicago Office; Hires John B. Ault as Manager

Insurance brokerage Krauter & Co. has expanded its operations into Chicago and has hired John B. Ault, a former Marsh Inc. managing director, to lead the new office.

Mr. Ault, a 22-year veteran of Marsh, was involved in business development, client relations and senior operational management at Marsh and has developed and managed many complex risk programs, Krauter said in a statement.

This is the sixth office New York-based Krauter & Co. has opened in the past 15 months.

The brokerage was formed in 2004 by Neil C. Krauter, former vice chairman of Aon Risk Services and global practice leader of its merger and acquisition group. The brokerage specializes in arranging coverage for private equity firms.

Source: Krauter & Co.