Around the P&C insurance industry: December 8, 2021
News from Ryan Specialty Group, Gild Insurance, Neptune Flood and more.
Arthur J. Gallagher & Co. acquired substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson plc. This acquisition brings specialist expertise, underpinned by a portfolio of analytics capabilities that will immediately provide exceptional value to insurance carriers and insurance capital providers around the world.
Ryan Specialty Group acquired transportation specialist Crouse and Associates. Headquartered in San Francisco, Crouse has additional offices throughout California and Oregon as well as in Dallas. The Crouse team is now a part of RT Specialty, the wholesale brokerage division of Ryan Specialty, and deepens the firm’s transportation offering.
Gild Insurance partnered with Coterie Insurance to add their small business insurance offerings to Gild Insurance’s portfolio. The companies have a shared goal of expanding access to small business insurance and quickly insuring entrepreneurs and business owners, achieved through strategic partnerships.
Oakbridge Insurance Agency LLC partnered with Your Insurance Centers, an independent agency headquartered in Alabama. The partnership is Oakbridge’s first in the state of Alabama and is part of the agency’s continued Southeastern expansion. The partnership provides both firms with access to a broader pool of resources, industry knowledge and niche expertise across commercial and personal risk management solutions.
Toni DuBois Agency, LLC has joined with Satellite Agency Network Group, Inc. Founded in 2014, the Toni DuBois Agency offers a full range of insurance services including auto, home, renters, business owners, life, health, and disability. The office is located at 1439 Main Street in Buffalo, New York, and primarily serves the communities of Buffalo, Rochester, and surrounding areas.
Monarch E&S Insurance Services acquired the assets of Anderson & Murison, Inc., a specialist and provider of standalone personal umbrella insurance coverage.
Synapse Services LLC announced business lines expansion with a dedicated energy practice. Emris Graham has been appointed vice president to lead the new unit and will operate out of Birmingham, Alabama.
Neptune Flood partnered with Attune Insurance to give brokers using Attune’s platform access to an instant flood solution with broader coverages than the traditional National Flood Insurance Program under FEMA.
Related: Around the P&C insurance industry: December 1, 2021