Segal Select Insurance Services, a market-leading fiduciary insurance and fidelity bond broker in the Taft-Hartley market, announced that it has acquired Broker of Record rights to certain fiduciary liability policies and fidelity bonds previously brokered by David Walker Insurance Services (DWIS) in San Francisco.
DWIS has been a trusted California broker since 1914, when the firm was founded by David H. Walker, Jr. With this acquisition, Segal Select strengthens its leadership position as a Taft-Hartley focused broker that delivers first-rate brokerage services to Trusts throughout California and all of the other states.
According to Brian Smith, Segal Select’s Chief Operating Officer, "As the premiere fiduciary insurance and fidelity bond broker in the Taft-Hartley market, this acquisition expands our core clientele and further increases Segal Select’s West Coast presence.
"We welcome our new clients and are committed to providing them with what all of our clients expect and receive: the highest quality service and expert technical advice available in the market."
David S. Walker, President & CEO, of David Walker Insurance Services and grandson of the founder, added, "Segal Select is a recognized leader in the fiduciary insurance and fidelity bond brokerage industry. We are confident that the clients we have served for many years will be in good hands with Segal Select."
Mr. Walker will work closely with Segal Select to ensure seamless client transitions. Mr. Walker is also President & CEO of Allied Administrators, which will continue to offer benefits administration services.
Segal Select Insurance Services, the insurance brokerage subsidiary of The Segal Group, works with plan sponsors and Boards of Trustees to obtain a full range of fiduciary insurance and fidelity bond coverage as well as employment practices liability insurance and cyber liability coverage.
Segal Select’s brokers are licensed in all 50 states.