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AssuredPartners acquires Crawford Advisors in US

IBR Staff Writer Published 30 September 2014

AssuredPartners of Maryland has acquired full-service benefits consulting and brokerage firm Crawford Advisors, for an undisclosed amount.

The agency offers employee benefits and compliance solutions for mid-market and large companies, and generates around $12m revenue a year.

Crawford Advisors managing member Reagan Crawford said: "Our number one priority is developing benefit programs for our clients that maximize employee value and meets the needs of their bottom line."

Crawford Advisors provides a broad range of health, life, disability and voluntary benefit programs, which are expected to expand AssuredPartners' employee benefits capabilities nationally.

As per the deal, around 60 Crawford Advisors employees will join AssuredPartners, and will continue to work under the leadership of Reagan Crawford.

AssuredPartners president and COO Tom Riley said the expertise of the Crawford Advisors team enhances company's strength in the large group market.

"Additionally, Reagan and his team of talented advisors will help lead the AssuredPartners national employee benefits effort," Riley added.

AssuredPartners noted that it has acquired 69 insurance firms, since 2011.