US-based Alera Group, which offers national insurance and wealth management services, has acquired two agencies: Bagwell & Bagwell Insurance and Blue Communications.
The financial value of both the acquisition, effective from 1 October 2021, was not disclosed.
The acquisition is expected to bolster Alera Group’s services across property and casualty insurance and employee benefits solutions.
Property and casualty insurer Bagwell & Bagwell Insurance offers risk management and personal and commercial insurance.
Founded in 1919, Raleigh-based insurer is one of North Carolina’s oldest independent insurance agencies and leverages loss control resources to build risk management solutions.
Blue Communications is an HR consulting and communications agency, which specialises in internal communications, well-being programme development, diversity, inclusion and belonging strategy among others.
It has approximately 25 years of experience in helping clients with benefit, compensation, organisational, workforce and business changes.
Blue Communications is headquartered in Hollywood, California, with eight locations across the US.
Both the firms will continue to serve clients in their existing roles whilst working in collaboration across Alera Group’s 120 locations.
In August 2020, Alera Group bought New York-based JDM Benefits, which offers brokerage and claims services for employers.
Before that, Alera Group acquired Barkley Risk Management & Insurance (Barkley) for an undisclosed sum.
Founded in 2000, Barkley offers services such as safety and risk management, claims management, business, and insurance risk in California.