Segal Select Insurance Services has completed acquiring Broker of Record rights to certain bonds of fiduciary liability and fidelity bond business from A&R Associates.
Segal Select chief operating officer Brian Smith said that the acquisition will expands the firm’s clients while serving as premiere fiduciary insurance and fidelity bond coverage insurance services broker in the Taft-Hartley market.
"We are committed to providing the highest quality of service and expert technical advice to our new clients," Smith added.
A&R president Stacey Moore said, "A&R has been working with Segal for over 20 years and we have confidence that these policies will be serviced with utmost professionalism."
Currently, Alexandria-based A&R Associates is operating as an independent property and casualty insurance brokerage services agency.
Through the transition process, A&R and Moore will work closely with Segal Select.
Licensed in all 50 states, Segal Select Insurance Service obtains a full range of fiduciary insurance and fidelity bond coverage as well as employment practices liability insurance and cyber liability coverage, while working with plan sponsors and Boards of Trustees.