BISYS Commercial Insurance Services said it has separatelyacquired a professional liability insurance broker and anenvironmental insurance brokerage services firm. Terms of bothdeals were not released.
|Yesterday, BISYS said it acquired Livingston, N.J.-based DavidA. Ratner Associates and D&O Concepts, its wholesaleaffiliate.
|BISYS Commercial--a subsidiary of outsourcing solution providerBISYS Group Inc., based in Roseland, N.J.--said the move givesclients of its wholesale brokerage arm, Tri-City Brokerage, accessto Ratner Associates' exclusive arrangement as a managing generalagent for its lawyers professional liability program, currentlyavailable in New York and New Jersey.
|D&O Concepts brings extensive wholesale expertise in placingdirectors and officers liability, employment practices liability,lawyers professional liability, miscellaneous professionalliability, fiduciary liability, and crime/kidnap and ransominsurance.
|John Jennings, president of Tri-City Brokerage, said thepurchase brings Tri-City a new level of expertise in theprofessional liability space.
|D&O Concepts was established in 1989, and Ratner Associateswas established in 1995. The firm totals 11 employees. DavidRatner, principal and president of both operations, brings 25 yearsof D&O liability and professional liability experience toTri-City.
|Today, BISYS said it had acquired JCH Environmental InsuranceBrokers, the environmental practice of New York-based JCH InsuranceBrokers. JCH Insurance Brokers will still operate its other booksof business.
|The acquisition allows its commercial services operation toexpand its strategy to provide risk management solutions toenvironmental exposures, the firm said.
|JCH has three offices located in Atlanta, Denver and New York.The staff includes attorneys, geologists and engineers--a total ofnine employees. The firm's expertise extends to managingenvironmental risks in the oil, gas and mining industries.
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