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”.
Deerfield, Illinois-based insurance brokerage and wealth management firm Alera Group said Monday it acquired Spring Consulting Group L.L.C., a Boston-based employee benefits, risk management and captive consultant, effective Feb. 1.
Terms of the deal were not disclosed.
Spring Consulting, Alera Group’s first Boston market acquisition, was founded in 2004, Alera said in statement. This acquisition expands the national presence of Alera Group, establishing locations in 17 states, it added.
Alera, which was formed in December 2016, said Spring Consulting provides strategic and technical employee benefit consulting, brokerage and actuarial services to employers; strategy and product development advice to insurance and financial institutions; and overall financing and funding solutions for benefit programs, including the use of captive insurance vehicles.
Karin Landry, Spring’s co-founder and managing partner, was a presenter at Business Insurance’s recent World Captive Forum in Fort Lauderdale, Florida.
“Spring Consulting Group is an excellent addition to Alera Group. We look forward to sharing the consulting and captive management expertise of Karin and her team across our entire platform,” Alera CEO Alan Levitz said in the statement.
There was a 31% increase in merger and acquisition activity among insurance brokers in 2017, to a record 604 from 2016’s 461, Optis Partners L.L.C. said in a report Tuesday.