Business Moves

Morse Insurance Agency Inc., Quaglia Insurance

Morse Insurance Agency Inc. has acquired Quaglia Insurance in Attleboro, Mass.

As part of the transition, Quaglia’s Attleboro office will be closing. However, Stacy Quaglia, daughter of Quaglia Insurance Owner Larry Quaglia, will join the Morse team as an account manager and move to the Morse Insurance Norton office.

G.F.H. Insurance Agency, Peyton, Cheely and Woodle Insurance

G.F.H. Insurance Agency Inc., a Richmond, Va.-headquartered insurance broker, has acquired Peyton, Cheely and Woodle Insurance of Richmond, Va. Terms of the acquisition were not disclosed.

Peyton, Cheely and Woodle has a long history in Virginia, servicing clients for more than 72 years.

G.F.H. Insurance serves the Virginia and North Carolina markets for personal and commercial property and casualty insurance. The agency will operate under the G.F.H. Insurance Agency Inc. name from its Richmond office following the transaction.

Widerman & Company, Smith Brothers

Widerman & Company Insurance of Haddonfield, N.J., has merged its business with Smith Brothers Insurance of Glastonbury, Conn.

Widerman has 20 employees. Smith Brothers has more than 150 employees and offices in Connecticut and Massachusetts. Following the merger, Widerman & Company will continue to operate at its current location in New Jersey and under the name Widerman & Company as an affiliate of Smith Brothers Insurance.

Bob Widerman will stay fully engaged in client service, business development and expansion through the merger. Shawn Knechtel will be responsible for the executive leadership and strategic direction as head of the New Jersey region. Widerman & Company’s service team will remain in its present location in New Jersey.

ONI Risk Partners, Green Owens Insurance

ONI Risk Partners, headquartered in Indianapolis, Ind., is acquiring Franklin, Ind.-based Green Owens Insurance.

In business since 1979, the Green Owens team joins ONI’s 300-plus insurance professionals serving business and individual clients throughout Indiana, Illinois and Kentucky.

In partnering with ONI, Green Owens also joins the national platform of Prime Risk Partners (PRP). PRP is building a national platform founded with regional agencies like ONI and Green Owens that seek expansion through local management and market knowledge with the national organization.

Brown & Brown, Clairmont Financial Group

Brown & Brown of Minnesota Inc., a subsidiary of Brown & Brown Inc., has acquired the assets of Clairmont Financial in Minnesota.

Clairmont Financial will transition into Brown & Brown’s profit center in Minneapolis, which operates under the direction of Barrett Brown, regional president of Brown & Brown Inc.

Clairmont Financial is an employee benefits brokerage. The agency has net revenues of approximately $1 million.

Threlkeld & Co., Employee Benefits Consulting

Threlkeld & Co. Insurance, an East Texas firm with 30-plus years in the benefits market, has formed a partnership with Employee Benefits Consulting LLC, a Tyler, Texas, firm with Houston and Dallas connections, owned and operated by Rachel Means. The result is a new entity: Threlkeld Benefits Partners LLC.

This combination now serves as the largest book of business in the East Texas market, bringing national brokerage and carrier experience with a local name and feel.

Threlkeld & Co. is owned by Todd Threlkeld.

Hub, Coordinated Resources Group

Hub International Ltd. has acquired the assets of Portland, Ore.-based Coordinated Resources Group LLC.

Terms of the deal were not disclosed.

Ruppert Reinstadler and Carol Dobbs, managing partners of CRG, will join Hub Northwest and report to Tim Kennedy, executive vice president of employee benefits at Hub Northwest.

CRG specializes in employee benefits.

U.S. Risk, Strategic Insurance Underwriters

U.S. Risk Insurance Group LLC, a property and casualty wholesaler, has acquired Strategic Insurance Underwriters, a specialist trucking MGA and broker headquartered in Sarasota, Fla.

Strategic Insurance Underwriters has a 34-year history of offering insurance products to the trucking and transportation industries.

Gerry den Boggende and Neal Daunt, current executives at Strategic, will continue to manage and direct the operations of Strategic as part of their new leadership roles within U.S. Risk.

Topics USA Texas New Jersey