Consulting services firm MarshBerry has acquired the assets of Gill & Roeser, a New York City based boutique investment banking and reinsurance intermediary firm.
Gill & Roeser is an independently-owned capital management advisor to the insurance industry. It provides capital management strategies and reinsurance services such as reinsurance brokering, programme structures, alternative markets, risk pooling, valuations, capital raising, and merger and acquisition consulting services.
The staff of Gill & Roeser, including Dale Myer, chairman and Steven Bolland, president and chief executive officer, will be retained.
John Wepler, chairman & president, MarshBerry, said: “By acquiring Gill & Roeser, MarshBerry is able to expand its knowledge in the insurance carrier and managing general agent marketplace. The experience Steven Bolland and Dale Myer bring to the table immediately allows us to expand our footprint in the market and offer a broader portfolio of services to the insurance industry.
“We are excited to expand MarshBerry’s capabilities and knowledge as we to continue to grow our organisation in new areas.”
Myer said: “Gill & Roeser, like MarshBerry, has been in business for over 30 years. Both of our firms have developed an immense amount of experience and knowledge for the markets we serve. By joining MarshBerry we can now provide investment banking and reinsurance services to insurance and reinsurance companies, wholesalers, managing general agents, managing general underwriters, and third party administrators on a much larger scale.”
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MarshBerry, North America, Gill & Roeser