NU Online News Service, Jan. 28, 12:53 p.m. EST
Three independent insurance brokers announced acquisitions this week, expanding their books of business in diverse marketplaces.
Chicago-based Hub International Ltd. said its wholesale insurance brokerage operation in Canada, Totten Insurance Group Inc., has acquired Cule Insurance effective Jan. 31.
Hub said that Cule (Canadian Underwriters for Licensed Establishments) is an insurance brokerage wholesaler located in Toronto. It works with more than 100 brokers in Ontario, Manitoba and Atlantic Canada. The firm was formed two years ago, with specific expertise in hospitality and hard-to-place property accounts.
The Cule operations will become part of Totten's Toronto office and Ken Rayner, president of Cule, will be joining the senior leadership team of Totten, reporting to H. Ross Totten, president and chief executive officer.
Short Hills, N.J.-based insurance broker Bollinger Inc. has acquired Charles G. Treloar Agency Inc. of Kenvil, N.J.
For the past 50 years, the Charles G. Treloar Agency Inc. has provided insurance services to businesses and individuals in northern New Jersey. The firm was founded in 1961 by owner Charles G. Treloar. In 1993, his daughter Michele S. O'Halloran joined the firm where she served as an officer and shared in the agency's ownership.
Ms. O'Halloran joins Bollinger as a vice president in the commercial lines division. Mr. Treloar will join Bollinger as a consultant. The firm's four employees will relocate to Bollinger's corporate headquarters in Short Hills.
Regional insurance broker Lawson-Hawks Insurance Associates Inc., based in Mountain View, Calif., said it has acquired Christopher Lee Insurance Services of Carmel, Calif.
Founded about 10 years ago, Christopher Lee focuses exclusively on professional liability coverage for the legal profession.
All four members of Christopher Lee, including the president, Christopher Chancellor, and director of services, Mary Chancellor, will transition to Lawson-Hawks' offices.
John Miller, CEO of Lawson-Hawks, said the acquisition would expand the firm's Monterey, Calif., area operations and give it a larger foothold in Christopher Lee's specialty business.
Founded in 1937, Lawson-Hawks is a national independent insurance brokerage maintaining regional offices in Folsom, Monterey, Modesto, San Francisco, Truckee, Irvine and San Rafael, Calif.
Financial terms of the three transactions were not released.
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