Business Moves

Crump, Self Funded Alternatives

Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in self-insured workers’ compensation programs. SFA is based in Langhorne, Penn. and has associates in Las Vegas, Nev. and Woodland Hills, Calif.

Crump said that SFA’s business is complementary to its existing workers’ compensation capabilities including its Five Star Specialty Programs, a managing general agency that works with retail property/casualty agents and brokers.

Crump Insurance Services Inc. is a part of Crump Group Inc., the nation’s largest insurance wholesaler. It includes Crump wholesale brokerage locations across the U.S. and in Bermuda, along with Five Star Specialty Programs, Five Star Professional Programs, Target Insurance Services, and Hanleigh Insurance.

Confie Seguros, Royale Insurance, First Americano

Confie Seguros has acquired two New Jersey insurance brokerages – Royale Insurance and First Americano Insurance Agency.

The agencies’ founder and CEO, Remberto Perez, will continue to serve as head of the two companies for Confie Sefuros, a national personal lines broker focused on Hispanic clientele.

The two firms have seven locations in New Jersey. The acquisitions mark Confie’s initial entry into the Garden State.

Clements Worldwide

Washington, D.C.-based Clements International has changed its name to Clements Worldwide.

The broker, which specializes in insurance for expatriates and international organizations, said the switch is the culmination of a six month rebranding effort. This change unifies the company’s Washington and London offices under a single brand.

The rebranding initiative includes a new logo and a cross-industry advertising campaign developed around the tagline: “Never Leave Anything to Chance – Take Clements With You.”

Maiello and Manzi, Iroqouis

Maiello and Manzi Associates, Inc., of North Arlington, N.J., has joined New York-based agency network The Iroquois Group, according to agency principal Thomas Maiello.

Arthur J. Gallagher, ITI Solutions

Broker Arthur J. Gallagher & Co. has acquired Singapore-based specialty broker ITI Solutions for an undisclosed sum.

ITI specializes in marine cargo, political risk, trade credit risk, and specialty lines. In addition, it is licensed to place business in the regional Asian reinsurance markets.

ITI will trade internationally as Gallagher Singapore.

The company said Freddie Lim, Lilian Seet, and their associates will continue to operate in their current location under the direction of David Ross, CEO of Gallagher’s London-based international brokerage operation.

J. Patrick Gallagher, Jr., chairman, president and CEO, said that part of his firm’s international growth strategy is building a stronger presence in key global hubs. Gallagher Singapore will give the broker direct access to its Asian clients and provide a platform for future growth in the region.

Gallagher has operations in 16 countries and does business in more than 110 countries.

Virginia Farm Bureau, Countryway

Virginia Farm Bureau Mutual Insurance Co. has acquired New York-based Countryway Insurance Co.

Countryway has premiums in excess of $33 million and operates primarily in rural New England, New York, New Jersey, Pennsylvania, Kentucky and Virginia. The company will remain headquartered in Syracuse. The insurer offers farm, home and auto insurance products in 10 states through more than 380 independent agencies.

Virginia Farm Bureau purchased 100 percent of Countryway’s stock from United Farm Family Mutual Insurance Co., doing business as Indiana Farm Bureau Insurance.

Virginia Farm Bureau is the largest domestic writer of property and casualty insurance and the largest writer of farm insurance products in Virginia.

Thomas H. Lee Partners, Sword Group

Boston-based private equity firm Thomas H. Lee Partners is acquiring Sword Insurance, a software and services provider, from the French-owned Sword Group.

The transaction is expected to close next month. Terms of the deal were not disclosed.

Keystone, Linville

Pennsylvania-based Keystone Insurers Group said Linville Insurance Agency Inc. of Berea, Ky. has become its 22nd franchise partners in the state.

Linville Insurance has locations in Berea and Richmond and provides insurance to 3,700 individuals and businesses, Keystone said.

Topics New York Virginia New Jersey A.J. Gallagher