Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced today that is has acquired FNL Insurance Group, effective August 1, 2020.
For over 40 years, FNL Insurance Group has been helping clients with their employee benefit and health care insurance needs. The firm is located in Timonium, Maryland, where they partner with small and mid-sized employers to develop sustainable benefits programs that support employees while keeping costs low.
“We are delighted to welcome Frank Lotman and the FNL Insurance team to Alera Group,” says Alan Levitz, CEO of Alera Group. “As part of our collaborative organization, the FNL Insurance team will help us to continue to elevate the client experience throughout the Baltimore area and the mid-Atlantic region.”
“FNL Insurance Group is very excited to become an Alera Group company,” says Frank Lotman, President of FNL Insurance Group. “We look forward to the expanded resources available to us as part of Alera Group and look forward to continued growth alongside firms throughout the region.”
FNL joins Alera Group through Silberstein Insurance Group (SIG), an Alera Group company. The FNL team will continue serving clients in their existing roles. Terms of the transaction were not disclosed.