MarshBerry has acquired the assets of Gill & Roeser Inc., a New York City-based boutique investment banking and reinsurance intermediary firm. Terms of the transaction were not disclosed.
Gill & Roeser is an independently-owned capital management advisor to the insurance industry. The firm offers capital management strategies and reinsurance services such as reinsurance brokering, program structures, alternative markets, risk pooling, valuations, capital raising, and merger and acquisition consulting services.
As part of the acquisition, MarshBerry said it is hiring the staff of Gill & Roeser including Dale A. Myer, chairman, and Steven K. Bolland, president and CEO.
MarshBerry’s Chairman and President John Wepler said the deal would allow MarshBerry to expand its knowledge in the insurance carrier and managing general agent marketplace and offer a broader portfolio of services to the insurance industry.
Founded in 1981, MarshBerry is a merger and acquisition advisory and consulting firm to insurance carriers, distributors and ancillary services.
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