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H.W. Kaufman Financial Group said Monday that it has acquired New Orleans-based specialty insurance broker B&F Special Risks Inc.
The terms of the transaction were not disclosed.
The B & F team will join Kaufman's flagship company Burns & Wilcox in New Orleans. “B&F's expertise is well-known in the market,” Blaise D'Antoni, Farmington Hills, Michigan-based corporate vice president of Burns & Wilcox Ltd. said in a statement. “They are a well-regarded firm, and I am confident the transition will be seamless, as we share many of the same principles.”
“This acquisition expands the presence of Burns & Wilcox in New Orleans and Louisiana,” Alan Jay Kaufman, chairman, president and CEO of Kaufman Financial Group said the statement. “We will build on the foundation B&F Special Risks has created in the market to strengthen our relationships with existing partners throughout the region and identify new opportunities.”
Vericlaim Inc., a subsidiary of Sedgwick Claims Management Services Inc. said Monday that it has acquired Jacksonville, Florida-based First Choice Repair Network.