Business Moves

March 6, 2017

Arthur J. Gallagher & Co., Eagle Insurance Agency LLC

Arthur J. Gallagher & Co. has acquired Eagle Insurance Agency LLC (Eagle) in Syracuse, N.Y. Terms of the transaction were not disclosed.

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

Formed in 2001, Eagle is a retail insurance broker and consultant providing a range of property/casualty coverages and services to risk management clients throughout New York and Massachusetts, with a focus on the healthcare, energy, technology and manufacturing industries.

Founder Timothy George and his associates will continue to operate from their current location as a satellite of Arthur J. Gallagher & Co.’s Albany office.

Eastern Insurance Group LLC, Chase and Lunt Insurance Agency LLC

Eastern Insurance Group LLC has acquired the assets of Chase and Lunt Insurance Agency LLC.

Eastern Insurance Group is a wholly owned, Natick, Mass.-based subsidiary of Eastern Bank. Chase and Lunt Insurance Agency is a full-service insurance agency located in Newburyport, Mass.

Chase and Lunt’s staff of 28 employees, including its president James (Jay) J. Howlett III, became Eastern employees on February 1. Eastern will rebrand Chase and Lunt’s office in Newburyport over the next six to 12 months and has plans to continue to expand in the North Shore and New Hampshire. The deal marks the 38th acquisition for Eastern Insurance.

Accelerated Benefits, USI Insurance Service

Accelerated Benefits in Ohio has joined forces with USI Insurance Services (USI).

Founded in 1986 by Thomas P. Wagoner and headquartered in Dublin, Ohio, Accelerated Benefits and its employees will remain at the current Dublin location. Wagoner has been named president of USI Columbus Employee Benefit Division.

Terms of the transaction were not disclosed.

Headquartered in Valhalla, N.Y., USI is a local and national insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk and retirement solutions throughout the United States.

Renaissance Alliance Insurance Services, Peter M. Bakker Agency Inc.

Renaissance Alliance Insurance Services has acquired the Peter M. Bakker Agency Inc. of Avon, Conn.

Renaissance Alliance Insurance Services is an independent insurance agency collaboration based in Wellesley, Mass.

The acquisition is set to create a Connecticut-based hub for Renaissance Alliance, furthering its commitment to growing its member network and strengthening its service capabilities to independent agencies in New England and elsewhere.

Among the reasons for the acquisition, Renaissance Alliance President Bruce Cochrane cites the Bakker Agency’s leadership, employees, reputation in the industry, balanced portfolio of personal and commercial clients and underwriting profitability.

Going forward, The Bakker Agency will remain an independent agency under the chairmanship of Cochrane. Peter M. Bakker Sr. will be special assistant to the chairman, and John T. Maschi will remain as president of the agency, reporting directly to Cochrane.

The Bakker Agency will continue managing the New England Insurance Alliance (NEIA), a 15-member independent insurance alliance.

Insgroup, The Fawcett Group Houston-based Insgroup Inc.

(Insgroup) has acquired The Fawcett Group (Fawcett), a firm specializing in employee benefit plan brokerage and consulting to emerging and mid-market businesses, as well as not-for-profits.

Jan Fawcett-Heilman, owner of The Fawcett Group, joined Insgroup as a vice president in its Employee Benefits Practice, with responsibility for consulting with existing clients and for new business development.

David Czarny, who has worked with Fawcett for more than 15 years, also joined Insgroup as an account executive and will continue to work alongside Fawcett-Heilman, servicing her current clients.

Fawcett-Heilman has more than 25 years of experience. She is a Chartered Benefit

Consultant designee who likes to collaborate, design, and revitalize employers’ benefit plans.

Insgroup, based in Houston, Texas, was founded in 1978 and has been recognized by Insurance Journal as one of the top 100 largest independent property/casualty insurance agencies in the United States.

Hub International, Denali Alaskan Insurance

Hub International Ltd. has acquired the assets of Denali Alaskan Insurance LLC, a wholly owned subsidiary of Denali Federal Credit Union. Terms of the deal were not disclosed.

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Insurance Journal West March 6, 2017
March 6, 2017
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