Heffernan Insurance Brokers acquires Henderson Insurance

Heffernan Insurance | December 18, 2019

Heffernan Insurance Brokers has purchased the assets of the Newport Beach, CA-based firm Henderson Insurance. Operating for more than 47 years, Henderson Insurance is an expert in providing specialty insurance to the dry cleaner and laundry industries. A release said that the acquisition of Henderson will be a “pronounced enhancement” to Heffernan’s niche practices. Following the acquisition, the Henderson team will join HeffDirect, a division of Heffernan Insurance Brokers, effective December 01, 2019. Henderson executives Scott Henderson, Laura Henderson, Jackie Smith, Julie Nii, and Eric Manzo will also join Heffernan’s operations.

Spotlight

This survey identifies the risks, or "Banana Skins", facing the global insurance industry in the first half of 2017 as seen by a sample of 836 practitioners and close observers of the scene in 52 countries. It comes at a time when the world economy is showing stronger signs of growth but the industry itself faces the pressures of structural and technological change, along with a difficult investment climate and a heavy regulatory agenda.


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LIFE INSURANCE

$100k In Guaranteed Life Insurance Now Available Through WAEPA

WAEPA | April 12, 2022

WAEPA (Worldwide Assurance for Employees of Public Agencies) is now offering $100k in Guaranteed Life Insurance coverage for a limited time. Civilian Federal Employees under the age of 50 who are not currently WAEPA members are eligible to apply for $100k in Guaranteed Life Insurance coverage with no medical exam required. Approval is guaranteed, and coverage is fully portable for those that leave federal service. At WAEPA, we want to provide Civilian Feds with the peace of mind that their family's financial future is secure, Civilian Feds serve our country every day, and our goal is to serve them. This guaranteed offer provides the opportunity to realize that goal." M. Shane Canfield, CEO of WAEPA. This limited time offer expires on May 25, 2022. Existing WAEPA members, spouses, and dependents are ineligible, and you must be a United States citizen to apply. About WAEPA Worldwide Assurance for Employees of Public Agencies (WAEPA), is a nonprofit association (not an insurance company) formed For Feds, By Feds. The goal of WAEPA is to provide access to products and services that promote the health, welfare, and financial well-being of its members. After more than 75 years in business, WAEPA has over 46,000 members.

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INSURANCE TECHNOLOGY

Segal Has Acquired Michigan Insurance Broker Union Services Agency

Segal | June 09, 2022

Segal, a leading benefits and HR consulting firm, has acquired Bayview Insurance Group d/b/a Union Services Agency (USA), a Michigan-based insurance brokerage firm. The brokerage has focused on serving the insurance needs of labor organizations, multiemployer funds and public sector entities for more than 25 years. The acquisition of Union Services Agency better positions Segal to serve the insurance and risk needs of our current and future clients, This is an important addition to our company and the Union Services Agency team’s expertise helps further our mission of delivering trusted advice to clients.” David Blumenstein, President and CEO of Segal. The entire USA team has become part of Segal’s Insurance Brokerage Practice, under the leadership of Diane McNally, Senior Vice President, Segal’s National Insurance Brokerage Services Leader. Segal will now have additional resources to better support clients and expand client relationships in the Midwest. We look forward to offering clients access to Segal’s extensive consulting offerings, Both firms are known for possessing a deep understanding of client needs and developing solutions to address those needs.” Sally Corbin, former CEO of Union Services Agency, who has joined Segal as Senior Vice President and Director of Insurance Relations. Corbin, reporting to McNally, is now responsible for providing brokerage placement consulting and administrative services for property and casualty programs in all markets. This includes the major financial lines of fiduciary liability, cyber liability, fidelity bonds, professional liability and union liability insurance.

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INSURANCE TECHNOLOGY

High Street Insurance Partners Successfully Acquires Gemini Risk Partners

High Street Insurance Partners | March 30, 2022

High Street Insurance Partners ("HSIP") announced today that it has acquired Michigan based Gemini Risk Partners. Gemini Risk Partners was founded by attorneys David Kramer and Theodore Nittis to service the insurance needs of law firms. The agency specializes in providing professional liability coverage and other comprehensive insurance solutions exclusively to law firms. Law firms are turning to Gemini Risk Partners expertise to give them the peace of mind they need to effectively practice law and not worry about professional liability coverage. This partnership continues to build out our specialty expertise in key verticals for our clients." Scott Wick, CEO of HSIP. We are excited to join HSIP, together with our client focused philosophies we will be able to provide sophisticated insurance solutions to manage specific and unique risks faced by all our law firm clients." David Kramer, Principal of Gemini Risk Partners. HSIP, one of the fastest growing insurance brokerages in North America, has now completed 109 transactions since forming the company in mid-2018. About High Street Insurance Partners High Street Insurance Partners (HSIP) is a full-service independent insurance brokerage firm. Founded in 2018, the Traverse City, Michigan-based company provides a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and personal insurance solutions delivered through community-focused agencies. HSIP employs over 1,800 insurance specialists & consultants in offices based in Colorado, Connecticut, Florida, Illinois, Iowa, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas & Virginia.

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ANNUITIES

King Insurance expands into Georgia with the acquisition of Piedmont Insurance Associates

King | December 24, 2021

King Insurance ("King" or the "Company"), a fast-growing full-service insurance brokerage firm that provides a variety of property & casualty as well as employee benefits solutions, announced the acquisition of Piedmont Insurance Associates ("Piedmont"). Piedmont has offices in Covington, GA and Newnan, GA and marks King's first expansion outside of Florida. Piedmont's roots go back to 1948 when it was the Spillers Agency and today is led by David Wilson and Phil Boswell, each of whom merged their respective agencies together in the mid 90's to form Piedmont. Piedmont is a full-service agency offering insurance products to commercial and personal lines customers from its lineup of top-tier insurance carrier partners. Phil, David and their team will continue operating out of their current locations. "We are excited to expand into Georgia with such a high-quality agency, This is an important milestone for us as we execute on our strategy to be a major player in the Southeast." -Chad King, Chief Executive Officer of King Insurance. This acquisition marks King's eleventh acquisition over the past year and the fourth since the Company's partnership with BHMS Investments, LP. The Company plans to continue to broaden its footprint across the southeastern U.S. and expects to announce a number of important acquisitions in the upcoming months. About King: Founded in 1974 and headquartered in Gainesville, Florida, King is a full-service insurance brokerage firm which provides a broad array of property & casualty and employee benefits solutions.

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Spotlight

This survey identifies the risks, or "Banana Skins", facing the global insurance industry in the first half of 2017 as seen by a sample of 836 practitioners and close observers of the scene in 52 countries. It comes at a time when the world economy is showing stronger signs of growth but the industry itself faces the pressures of structural and technological change, along with a difficult investment climate and a heavy regulatory agenda.

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