Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired FIRM Inc., an insurance agency located in Mahwah, N.J. Terms of the transaction were not disclosed.
FIRM Inc. provides clients with tailored property and casualty insurance. It specializes in comprehensive insurance protection for marinas and boatyards through its Marina Insurance Program, as well as commercial insurance for all lines of business.
This acquisition will serve to strengthen Alera Group’s presence in the Northeast, expanding its locations into New Jersey.
Based in Deerfield, Ill., Alera Group serves clients nationally in employee benefits, property and casualty, risk management and wealth management. It was created by merging 24 firms across the U.S., and the firm has continued to grow organically and through acquisitions since its formation in December 2016.
Source: Alera Group
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Business Interruption Claims Approach $1M Average, Says Allianz 
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns 
