Assurex Global Expands Global Partnership with Three New Shareholders
COLUMBUS, OH – Assurex Global, the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group has welcomed three leading insurance brokers as its newest Shareholders. With the addition of U.S.-based Pritchard & Jerden and Seacrest Partners as well as Italian firm Strategica Group, Assurex Global now has 104 firms in its worldwide Partnership serving six continents.
Now in its 60th year, Assurex Global was founded on the concept of providing unsurpassed client service and innovative insurance, risk management and employee benefits solutions to a diverse group of international clients. The strategic insight and influence of the Assurex Global Partnership has been a driving force of growth for the Shareholders and their portfolios of clients.
“The Assurex Global Partnership has always represented the best of the best in the insurance industry,” said Jim Hackbarth, president and CEO of Assurex Global. “Our Shareholders are committed to providing premier customer service and leading-edge solutions, often technologically driven, which solve the employee benefits, risk management and insurance needs of their clients. These three firms have distinguished themselves as among the best of the private brokers in the world.”
Pritchard & Jerden was established in 1960 when William “Bill” G. Pritchard Jr. made the decision to start his own agency. Having worked for over a decade at Aetna, Pritchard identified an under-served segment of the business community in Atlanta, Georgia and launched a full-service risk management practice to meet its needs. Shortly after Pritchard started out on his own, J.L. Jerden joined the agency and Pritchard & Jerden was formed.
Nearly 55 years later their agency has grown to become a nationally recognized firm that is changing the way businesses approach their insurance and risk management. By leaving behind outdated methodologies, Pritchard & Jerden is partnering with their clients to redefine success not only today, but in five, 10 and 20 years from now.
Seacrest Partners was established in Savannah, Georgia in 2006 when a group of experienced insurance professionals came together to form a “boutique” brokerage firm offering customized insurance brokerage and benefits consulting services. Four years later, having become the dominant insurance broker in the Savannah market and having expanded to Atlanta, Seacrest Partners merged with Corporate Insurance Services, Inc. – a longstanding insurance and benefits leader in the southeast. Continued growth drove expansion into Hilton Head, South Carolina, in July 2014, so the firm now operates from three offices in the southeast.
Founded on the vision of creating an organization in which clients are served in high-tech and high-touch environments, Seacrest Partners associates average more than 20 years of insurance industry experience, which helps them serve as advisors to middle market and large commercial clients whose operations include worldwide locations. The staff specializes in key industry sectors including health care, education, construction, real estate development and manufacturing. A major strength of Seacrest Partners is its associates, a diverse group of professionals with backgrounds in employee-benefits consulting, risk management consulting, underwriting, claims management, surety bonding and retail insurance brokerage.
Strategica Group represents an innovative risk and insurance management firm dealing with medium/large size companies and groups. Based in Milan, Italy, Strategica Group is considered a pioneering company in specialty risk management services. For nearly 25 years, this new Assurex Global Shareholder has worked with some of the largest Italian and foreign companies in a global consultancy role. In addition, it has been engaged in insurance management activities and with all the major insurance companies on a national and international scale.
Strategica Group works along the entire spectrum of the risk/insurance management value chain and operates through structures specializing in the various phases of this process: risk consulting, insurance brokerage and captive management.
“In adding Pritchard & Jerden, Seacrest Partners and Strategica Group, our Shareholders see likeminded Partners in these three outstanding firms,” said Hackbarth. “We are extremely pleased to add these new Shareholders to our Partnership and look forward to their contribution.”
About Assurex Global
Founded in 1954, Assurex Global is an exclusive Partnership of the most prominent independent agents and brokers in the world. With $29 billion in annual premium volume and more than 600 Partner offices, Assurex Global is the world’s largest privately held commercial insurance, risk management and employee benefits brokerage group. An international insurance powerhouse, the Partnership combines the local expertise and global reach of international brokers on six continents.