Alera Group, a top independent insurance and wealth services firm, announced today the acquisition of Foa & Son, an international insurance broker based in New York City.
“Foa & Son is excited to join Alera and build on our 161 years of protecting our clients. We continue to be committed to improve and grow our practice groups. These groups develop specialized insurance and industry knowledge in complex industry sectors,” said Justin Foa, President and CEO of Foa & Son. “I am proud of our expertise and strong international capabilities, which allow us to add value to companies all over the world.”
Founded in 1861, Foa & Son maintains strong commercial practice groups in multinational clients, food and beverage, real estate and construction, hospitality, supply chain, fine art and specie, manufacturers and distributors, professional service firms, not-for-profit, automotive, life science, technology and municipalities. In addition, Foa & Son provides white-glove Private Insurance Advisory services and Corporate Benefits Consulting services to prestigious firms across the United States.
“Foa & Son has been designing sophisticated, comprehensive and cost-effective insurance solutions for more than a century,” said Alan Levitz, CEO of Alera Group. “We look forward to welcoming the team to the Alera Group family and boosting our already robust property and casualty insurance capabilities.”
Foa & Son’s employees and management will continue serving clients in their existing roles. Alera Group has offices throughout the USA and looks forward to continuing to partner with Foa & Son’s broker relationships outside of the USA. 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, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,500 professionals in more than 130 offices throughout the United States 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.