Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

AssuredPartners expands footprint in Pennsylvania

Reprints
M&A

AssuredPartners Inc. has acquired Murray Insurance Associates Inc. of Lancaster, Pennsylvania, AssuredPartners said in a statement Friday.

 

Terms of the transaction were not disclosed.

 

Murray’s 170 employees will remain with the broker with Richard Rankin as chairman, president and CEO.

 

Murray currently reports $31 million in annualized revenues, the statement said. The broker is the 97th-largest brokerage of U.S. business, according to Business Insurance’s most recent ranking. About 53% of its revenue is from property/casualty business, about 16% from employee benefits, 6% personal lines and 12% services.

 

Lake Mary, Florida-based AssuredPartners is the 12th-largest broker of U.S. business, with about $1.4 billion in annual brokerage revenue, according to Business Insurance’s latest ranking.

 

 

 

 

 

Read Next