Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired two insurance firms Distinctive Insurance and GLB Insurance Group of Nevada.
Alera Group was formed last year by merging 24 entrepreneurial firms across the US. It is claimed to be seventh largest privately held employee benefits firm and the fifteenth largest privately held multi-line insurance agency in the US.
Southern Nevada-based Distinctive Insurance is an employee benefits consulting and insurance firm, formed in 1990. It offers tailored benefit, technology-based solutions combined with strategic planning, professional services.
GLB Insurance Group of Nevada is a full-service insurance agency that has been offering new policies to customers since 1941.
The Las Vegas-based insurance company serves ten different industries across commercial insurance, life and health insurance, workers compensation, personal insurance and surety bonds. Additionally, the company offers services such as bonds, life, health and personal insurance.
Alera Group CEO Alan Levitz said: “Both of these firms bring a multi-disciplined approach to solving their clients’ unique challenges. In addition, these firms enhance our presence in the southwestern United States.
“We are excited to welcome these firms to Alera Group and look forward to their contribution as we continue to enhance the client experience.”
Last month, Alera Group had acquired three insurance firms. These firms include Burnham Benefit Advisors, Champion Benefits and VantagePoint Benefit Strategies.
Burnham Benefit Advisors is a New York-based employee benefits firm which offers compliance assistance, wellness program management, HR software, benefits technology management and an online marketplace. The firm develops new benefits solutions for each client.
Champion Benefits is an Atlanta, Georgia-based firm that offers integrated, benefit plans structured for long-term success of clients. The firm is supported by an integrated team of healthcare consultants, pharmacists, nurses, analysts and wellness program development specialists.
The third firm is VantagePoint Benefit Strategies. It is an employee benefits brokerage and human resources consultancy focused on serving small and medium-sized businesses in developing effective, affordable benefits programs.
When the acquisition was announced last month, Levitz stated that these firms will bring in their unique industry experience and can expand Alera’s national expertise and array of solutions being offered to the clients.