Alera Group News

Stay informed and keep up to date with our latest news and updates

Don’t Forget About Your Gag Clause Attestations

When the Consolidated Appropriations Act, 2021 (CAA) was enacted on December 27, 2020, it included a provision that prohibits group health plans and health insurance carriers from entering into certain agreements that, either directly or indirectly, restrict the release of certain information related to provider networks and de-identified encounter data, among other things. Such restrictions are commonly referred to as “gag clauses.” The CAA also requires plans and carriers to attest annually that their agreements do not include such impermissible gag clauses.

November 20, 2024

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Alera Group Acquires Strategic Retirement Plan Consultants

Deerfield, IL (November 14, 2024) — Alera Group, a top national insurance and financial services firm, announced today an expansion of its Boston-area presence with the acquisition of Strategic Retirement Plan Consultants (SRPC), adding approximately $800 million of retirement plan assets under advisements for Alera Group’s Retirement Plan Services division.

November 14, 2024

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Election Takeaways for Employers Sponsoring Group Health Plans

As the United States looks to 2025 and the inauguration of President Donald Trump, employers that sponsor employee benefit plans might be wondering what changes related to health benefits in America could be on the horizon.

November 8, 2024

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Are You Prepared to Comply With the New Mental Health Parity Final Rule in 2025?

On September 9, 2024, the DOL, IRS and HHS released a final rule for the Requirements Related to the Mental Health Parity and Addiction Equity Act (MHPAEA Final Rule). The MHPAEA Final Rule is similar to the proposed rule released on July 25, 2023, with some marked differences. While the MHPAEA Final Rule is effective as of November 22, 2024, the requirements become enforceable at different times.

October 28, 2024

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Alera Group Expands in Massachusetts

Deerfield, IL (October 24, 2024) — Alera Group, a top national insurance and financial services firm, announced today an expansion of its Massachusetts presence with the acquisitions of Pittsfield, Massachusetts-based Berkshire Fairfield Insurance Agency and Scarafoni Financial Group (ST Insurance). The addition expands Alera Group’s work in Employee Benefits, Property and Casualty Insurance and Retirement Plan Services.

October 24, 2024

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Alera Group hires key industry-leading M&A experts Sara Carroll and Ken Rhoads

Deerfield, IL (October 24, 2024) — Alera Group, a top national insurance and financial services firm, is pleased to announce the addition of industry-leading experts Sara Carroll and Ken Rhoads. Carroll and Rhoads have joined the organization as Private Equity Diligence Team Leads to help continue building and enhancing Alera Group’s capabilities in the Private Equity (PE) space.

October 24, 2024

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Alera Group Strengthens Property & Casualty Insurance, Surety Bonds and Employee Benefits Services with Insurance Underwriters Ltd.

Deerfield, IL (September 26, 2024) — Alera Group, a top national insurance and financial

services firm, announced today the acquisition of Insurance Underwriters Ltd. (IUL), an

insurance agency offering risk management and insurance solutions including business

insurance, surety bonds, personal insurance and employee benefits.

September 26, 2024

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P&C Market Update: U.S. Insurance Industry Shows Signs of Stabilization Amidst Varied Challenges

Deerfield, IL (September 10, 2024) — Alera Group’s 2024 Property and Casualty Market Update

reveals that the U.S. insurance market is beginning to stabilize, reflecting a shift from the previous period of volatility.

September 10, 2024

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Alera Group Acquires Advanced Capital Group

Alera Group, a top national insurance and financial services firm, announced today the acquisition of Minnesota-based Advanced Capital Group (ACG). The acquisition adds $24 billion in retirement plan and wealth assets.

September 5, 2024

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