Insurance Acquisitions in Alaska

Hub International Limited acquired the assets of SGY, Inc. (d/b/a Shattuck & Grummett Insurance), a fourth-generation insurance agency based in Juneau, Alaska. The transaction brings the Shattuck & Grummett team into Hub Northwest to expand Hub's commercial, personal and employee benefits capabilities in Alaska; terms were not disclosed.

Applied Underwriters announced it expects to complete the acquisition of Alaska Timber Insurance Exchange (ATIE) following ATIE's conversion to a stock company and receipt of regulatory approvals. The Ketchikan, Alaska–domiciled reciprocal, which writes non-assessable workers' compensation policies and holds an AM Best A- rating, will be purchased as part of a transaction that references North American Casualty Company as the acquiring entity for ATIE.

USI Insurance Services has acquired Sitka, Alaska-based Venneberg Insurance. All of Venneberg's employees, including owner and principal Mike Venneberg, will join USI; terms were not disclosed. The deal expands USI's footprint in Southeast Alaska and brings local risk management and insurance capability onto USI's national platform.

Alera Group has acquired Wilson Albers & Company, LLC, a Anchorage-based insurance, employee benefits and HR services firm that operates The Wilson Agency, Albers & Company and ConnectHR. Terms were not disclosed; Alera said the deal strengthens its presence in the Northwest and expands its employee benefits and HR capabilities.

Hub International Limited acquired the assets of Denali Alaskan Insurance, LLC, a wholly owned subsidiary of Denali Federal Credit Union. The Anchorage-based property and casualty insurance business will join Hub Northwest, expanding Hub's geographic footprint in Alaska; terms were not disclosed.

Hub International Limited (Hub) has acquired Pippel Insurance Agency, Inc., a multi-line insurance brokerage based in Palmer, Alaska. Pippel will join Hub’s Northwest operations and leader Dan Crawford will join Hub as Vice President of Operations to support an expanded local presence in the Anchorage and Matanuska-Susitna Valley market; terms were not disclosed.