13 December 2018Analysis

Alera Group acquires EB firm offering captive reinsurance programmes

Insurance agency Alera Group has acquired Bailey & Company Benefits Group, and employee benefits firm based in Ohio.

Bailey & Company provides employee benefit programmes and has particular expertise in private exchanges, partially self-funded benefit plans, and captive-based reinsurance programmes.

Grant Bailey, managing partner of Bailey & Company, and his team will join Alera Group's national employee benefit platform.

This is a great opportunity for us to enhance the client experience both by tapping into Bailey & Company’s expertise and by adding Alera Group’s resources to Bailey & Company’s practice,” said Alan Levitz, CEO. “Their firm’s dynamic teamwork and professionalism is an excellent fit for our collaborative national culture.”

Bailey added: “We are excited to be an Alera Group company. As part of this remarkable organisation, we are even better equipped to meet our clients’ needs with world-class resources, expertise, and technology. We look forward to our collaborative growth together as we continue to develop unique benefits strategies for all of our clients.”