Alera Group, a top independent, national insurance and wealth services firm, today announced it has acquired The D.B.L. Center LTD., a wholesale insurance agency specializing in temporary disability insurance and employee benefit plans.
“Our focus at the D.B.L. Center LTD is on delivering competitive rates and white-glove service to more than 4,000 insurance agents across 15 states,” said Michael Cohen, President and CEO at The D.B.L. Center LTD. “We have written 100,000 policies and when clients purchase temporary disability insurance or temporary disability benefits from us, they unlock a whole world of discounts on additional niche wholesale insurance products that customers appreciate.”
The DBL Center Ltd. was founded in 1976 as a licensed insurance organization authorized to sell insurance in all 50 states. Throughout the agency’s 45 years in business, The DBL Center has grown to expand its line of niche insurance products to include important corporate employee benefits such as Long-Term Disability insurance, Group Life AD&D, vision and dental insurance. The company sells New York DBL insurance, New Jersey Temporary Disability Benefits (NJ TDB) and Temporary Disability Insurance (TDI) in Hawaii.
“As a wholesale insurance seller, The D.B.L Center helps clients navigate the challenging disability insurance landscape and understand the benefits of enriched disability benefits law coverage, temporary disability insurance and temporary benefits,” said Alan Levitz, CEO of Alera Group. “We look forward to welcoming the D.B.L. Center to the Alera Group family and expanding our capabilities with this specialty.”
The D.B.L. Center LTD. team will continue serving clients in its existing roles. Marsh, Berry & Company, Inc. acted as the exclusive financial adviser to The D.B.L. Center. Terms of the transaction were not disclosed.
About Alera Group
Alera Group is an independent, national insurance and wealth services firm with more than $850 million in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,000 professionals in more than 120 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit www.aleragroup.com or follow us on LinkedIn.