Alera Group, a top independent, national insurance and wealth management firm, today announced it has acquired Bagwell & Bagwell Insurance, a leading property and casualty agency providing risk management and personal and commercial insurance to clients from the coast to the mountains of North Carolina.
“Bagwell & Bagwell Insurance has been in business for more than 100 years and is one of the most trusted agencies in the market,” said Alan Levitz, CEO of Alera Group. “Each team holds a firm belief in the value of the independent agency and embraces the opportunity to offer personalized products for each unique client. We’re pleased to welcome them into the Alera Group family.”
Founded in 1919, Bagwell & Bagwell is Raleigh, North Carolina’s oldest independent insurance agency serving clients for more than three generations. The firm brings an extensive list of reputable insurance carriers and provides extensive personal lines and commercial lines solutions. Bagwell & Bagwell’s holistic risk management philosophy leverages loss control resources to build a comprehensive risk management program and help clients prevent claims and better protect their assets.
“Our team is comprised of a group of talented, knowledgeable, and dedicated individuals; all of whom are committed to continuing our tradition as North Carolina's leading independent agency,” said Haynes Sherron, co-owner of Bagwell & Bagwell. “Access to multiple carriers allows us to explore the insurance marketplace and focus our energy on finding the best solution for our clients’ unique coverage needs. We’re excited to join Alera Group’s robust property and casualty practice.”
“For more than a century, Bagwell & Bagwell has served clients throughout North Carolina and throughout the country, and we are thrilled to enhance that service with the robust resources available as part of Alera Group,” added Clark Woodard, co-owner of Bagwell & Bagwell.
The Bagwell & Bagwell team will continue serving clients in its existing roles. Terms of the transaction were not disclosed.
About Alera Group
Alera Group is an independent, national insurance and wealth management firm with more than $850 million in annual revenue, offering comprehensive employee benefits, property and casualty, retirement services and wealth management 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.