Business Moves

August 4, 2014

Aon, National Flood Services

Aon Affinity, the consumer, association and program business of Aon Risk Solutions, has completed its acquisition of StoneRiver National Flood Services Inc. and related entities from StoneRiver Group, L.P.

National Flood Services offers policy administration, claims processing, customer service and agency support for clients in all 50 states and every U.S. territory. It manages 3 million flood policies and $2.3 billion of flood insurance premium annually. The firm has more than 800 employees in offices in Kalispell, Mont.; Overland Park, Kan.; and Lakeland and Coral Springs, Fla.

Bill Vit, president and CEO of Aon Affinity, said NFS will help Aon Affinity “expand its flood solutions to reach a larger client base with this growing sector.”

Keith Brown, president and CEO of National Flood Services, will remain in his position at National Flood Services, reporting directly to Vit.

USI, BHB Insurance

USI Insurance Services has acquired BHB Insurance Services in Toms River, N.J. Terms of the transaction were not disclosed.

USI says BHB is best known for its community associations practice group (primarily condos and homeowners associations), which dates back to the 1970s. BHB also provides other commercial and personal property/casualty products and services. A new location for USI, BHB’s office and its employees will remain in Toms River and continue serving its clients throughout the state.

Cross Insurance, MN & Associates

Bangor, Maine-based Cross Insurance has acquired Merchant, Needham & Associates Insurance, an independent insurance agency based in Northeast Harbor, Maine. Terms of the transaction were not disclosed.

Originally founded in the late 1890s, Merchant, Needham & Associates provides business, home and vehicle insurance for customers throughout Hancock, Washington, Penobscot and Knox counties in Maine. The agency will operate as a member of Cross Insurance but will retain both its name and nine-member workforce.

Brightway Insurance

The retail insurance franchise Brightway Insurance opened its first store in Pennsylvania. Associate agency owner Ryan George opened the store in Cranberry Township, near Pittsburgh. He previously spent four years with Luttner Financial Group, where he was an insurance agent.

Jacksonville, Fla.-based Brightway Insurance operates 116 franchise locations across eight states, which include Arizona, Florida, Georgia, Kentucky, Missouri, North Carolina, Pennsylvania and Texas.

BKCW, Greater Texas Insurance Managers

Independent insurance agency BKCW L.P. of Killeen, Texas, and Greater Texas Insurance Managers and Agency of Austin merged operations.

Greater Texas Insurance Managers and Agency will continue to do business at its current location on Anderson Mill Road in Austin and all employees will remain part of the merged organization.

BKCW has been recognized as a Best Practices Agency by IIABA for the past 12 years, as well as being selected as the best agency in their size class four times.

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Insurance Journal West August 4, 2014
August 4, 2014
Insurance Journal West Magazine

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