Business Moves

Arthur J. Gallagher, Blue Horizon

Arthur J. Gallagher & Co. has acquired Blue Horizon Insurance Services in San Diego.

Terms of the deal were not disclosed.

Ronald Zappelli and his team will continue to operate in San Diego under the direction of James G. McFarlane, head of Gallagher’s Western retail property/casualty brokerage operations, and Norbert Chung, head of Gallagher’s Western employee benefits consulting and brokerage operations.

Blue Horizon is a retail insurance broker providing property/casualty, employee benefits and risk management insurance services. The firm offers insurance coverage and consulting for a range of industries, including healthcare, real estate, construction, technology, financial, and media and entertainment.

Arthur J. Gallagher is an insurance brokerage and risk management services firm headquartered in Itasca, Ill.

School Boards Insurance Company of Pennsylvania, Church Mutual Insurance Company

School Boards Insurance Company of Pennsylvania Inc. has rebranded to CM Regent Insurance Co. after being acquired by Church Mutual Insurance Co. in June.

The rebranding was carried out to better reflect the company’s position as a member of the Church Mutual Group following the acquisition. As part of the rebranding, CM Regent will adopt a new corporate identity through a new logo and website. Pennsylvania School Boards Association approved the acquisition and is endorsing the continuing programs and services CM Regent will provide to the Pennsylvania market.

CM Regent Insurance Co. is a property/casualty insurance company that serves the public and private K-12 schools, colleges and universities in Pennsylvania. Church Mutual Insurance Co. is based in Merrill, Wis., and offers specialized insurance for religious organizations of all denominations, as well as schools, camps, denominational offices and senior living facilities.

Integro Insurance Brokers, Insurance Revolution

Integro Insurance Brokers has acquired Insurance Revolution Inc.

Integro Insurance Brokers is a New York-headquartered international broker and risk management firm. Insurance Revolution is based in Princeton, N.J., and serves as the parent company of Maloy Risk Services Inc., a niche insurance retail broker, and Piedmont Managers LLC, a Lloyd’s cover holder for hedge fund management liability and technology errors and omissions insurance products.

Following the acquisition, Maloy’s financial, life science and technology teams will operate as part of Integro’s risk management division, while Piedmont Managers will continue to operate within the same division.

Kraus-Anderson Insurance, Onyx Benefit Advisors

Minnesota-based Kraus-Anderson Insurance has acquired Onyx Benefit Advisors based in Bloomington, Minn.

Onyx was founded by Jenny Wiederholt-Pine, who built the company into a successful agency offering services that include health risk management and wellness plans. Wiederholt-Pine will serve as KA Insurance’s senior benefit advisor and will market benefit programs and other agency services to employers in the Twin Cities metro area.

Onyx relocated its office to KA Insurance’s Burnsville location on Sept. 1. Onyx’s three employees joined KA Insurance’s 68 employees.

The acquisition complements KA Insurance’s benefits portfolio and reflects an investment in intellectual capital that will support the insurance firm’s growth and depth of expertise regionally and nationally.

Onyx is KA Insurance’s third strategic acquisition in recent years. The company also acquired Minnesota Insurance Brokers (MIB) in 2009 and Advanced Risk Manager in 2012.

Hub, Patterson Insurance Brokers

Hub International Ltd. has acquired the assets of Anchorage, Alaska-based Patterson Insurance Brokers. Terms of the deal were not disclosed.

Kent Patterson, Patterson’s president, will join Hub Northwest as vice president, and he will be based in Anchorage.

Patterson specializes in providing commercial lines and employee benefit insurance solutions.

Chicago-based Hub is a brokerage that provides property/casualty, life and health, employee benefits, and investment and risk management products and services.

Andrew G. Gordon Insurance, Atlantic Advisers Insurance Agency

Andrew G. Gordon Insurance Inc. and Atlantic Advisers Insurance Agency Inc. have announced their merger. The companies will combine to operate as Gordon Atlantic Insurance. They will also operate a separate division, Gordon Atlantic Advisors LLC, to provide specialized risk assessment and risk management services for businesses.

This merger comes as the insurance industry has grown increasingly complex and competitive in the past decade, said Geoff Gordon, who is set to serve as president of Gordon Atlantic Insurance.

Andrew G. Gordon Insurance Inc. is a Norwell, Mass.-based insurance provider.

Atlantic Advisers Insurance Agency Inc. is also a Norwell-based provider of insurance products and services.

LP Insurance, McMullen

LP Insurance Services Inc. has acquired Elko, Nev.-based McMullen Insurance.

McMullen co-owners, John Smales and Trinity Steelman, have both been named LP Insurance shareholders. Terms of the deal were not disclosed

Reno, Nev.-based LP Insurance is a risk management and commercial insurance brokerage firm.

Triumph Insurance Group, Southern Transportation Insurance Agency

Triumph Insurance Group has acquired Dallas-based Southern Transportation Insurance Agency Ltd.

Triumph is a full-service commercial insurance agency specializing in the transportation sector, and is a subsidiary of TBK Bank SSB. Triumph’s footprint and product offering for clients in the transportation industry expands with this acquisition.

The producers and staff of Southern Transportation Insurance Agency are now employees of Triumph Insurance Group and work out of the Triumph office.

Stephen Trent, president of Southern Transportation Insurance Agency, will continue in his role as key thought leader, client advocate and team builder within Triumph Insurance Group.

TBK Bank, SSB, a subsidiary of Triumph Bancorp Inc., is a Texas-state savings bank headquartered in Dallas. This acquisition is not expected to have a material impact on the financial results of Triumph Bancorp Inc. for the 2016 fiscal year.

Marsh & McLennan, Benefits Advisory Group

Marsh & McLennan Agency LLC (MMA), the middle-market agency subsidiary of Marsh, has acquired Benefits Advisory Group, an Atlanta-based employee benefits consulting firm. Terms of the transaction were not disclosed.

Created in 2003, Benefits Advisory Group offers employee benefit services to midsize employers throughout Georgia. All of the firm’s employees, including its owner Al NeSmith, will join MMA and operate as part of the existing Atlanta operations.

Thomas R. Brown, vice chairman of MMA’s Mid-Atlantic region, said the acquisition will enhance its employee benefits offering in the Atlanta market.

MMA is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.

BMS Re, Texas Reinsurance Broker

London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations.

BMS, the broking arm of Minova Insurance, acquired Advocate Reinsurance Partners, a privately held reinsurance intermediary for middle-market insurance carriers, captives, risk retention groups and other specialty insurance operations. Advocate Reinsurance Partners is based in Dallas.

The deal solidifies a producer/wholesale relationship between both companies that has existed more informally.

Topics Pennsylvania A.J. Gallagher