Cleveland, Ohio-based consulting firm CBIZ said it has appointed Keith Mercier president of CBIZ Insurance Services, Florida, West Coast; Patrick Wright, executive vice president of CBIZ Insurance Services, Florida, Southeast; and Matthew Mercier, director of community insurance and risk management, CBIZ Insurance Services, Florida, Southeast.
Mercier joins from Bouchard Insurance, where he was regional vice president of sales. Wright joins from Bouchard Insurance, where he was a sales executive. Mercier joins from Bouchard Insurance, where he was a community insurance and risk managment specialist.
All three are based at CBIZ's newly opened Sarasota, Florida, office.
Woodland Hills, California-based property and casualty brokerage Venbrook Group said it has raised $42 million in debt capital Madison Capital Funding, a subsidiary of New York Life. A portion of the funding was used to acquire Manalapan, New Jersey-based wholesaler Brooks Insurance Group.
Tampa-based insurer Homeowners Choice Property & Casualty Insurance Co. said it has been approved by the Florida Office of Insurance Regulation to assume approximately 27,000 policies from Citizens Property Insurance Corp., Florida's state-operated insurance company.
Alexandria, Virginia-based Independent Insurance Agents & Brokers of America said Stephen R. Zogby has been elected to serve on its national board of directors. Zogby remains executive vice president of New Hartford, New York-based Scalzo, Zogby & Witting.
Alexandria, Virginia-based insurance industry educational program InVEST said it has appointed Charles Hilson to its national board as an agent member. He remains president of the Talent Pipeline Division of Chicago-based Risk Management Solutions of America.
Chicago-based Property Casualty Insurers Association of America said it has elected new officers to its Board of Governors at its annual meeting this month:
- Chairman: John Barbagallo, commercial lines group president of Mayfield Village, Ohio-based Progressive Insurance Group.
- First vice chairman: Kurt Bock, CEO of Bloomington, Illinois-based Country Financial.
- Second vice chairman: Pete McPartland, chairman of the board, president and CEO of Stevens Point, Wisconsin-based Sentry Insurance.
San Francisco-based venture capital firm Genstar Capital said it will sell portfolio company Acrisure LLC, a Caledonia, Michigan-based insurance brokerage, to Greg Williams, Acrisure's chief executive officer and co-founder, and a consortium of minority investors. Terms of the deal were not disclosed. Genstar Capital acquired Acrisure in 2013.
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