AssuredPartners NL
{{Short description|Insurance brokerage firm}}
{{Multiple issues|
{{notability|corp|date=July 2021}}
{{unreliable sources|date=July 2021}}
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{{Infobox company
| name = AssuredPartners NL
| image = APNL Logo.jpg
| type =
| founder = John F. Neace, Joseph T. Lukens
| area_served = USA
| key_people =
| industry = Insurance
| products =
| services = Property & casualty, Risk management, Employee benefits, Personal insurance
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| homepage = [http://www.assuredptrnl.com/ Assuredptrnl.com]
| footnotes =
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| foundation =
| location_city = 2305 River Road
Louisville, Kentucky, 40206
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}}
AssuredPartners NL (formerly Assured Neace Lukens) is an insurance brokerage firm founded in 2011 by John Neace and Joe Lukens.{{Cite web|title=AssuredPartners NL LLC - Company Profile and News|url=https://www.bloomberg.com/profile/company/8146115Z:US|access-date=2021-05-05|website=Bloomberg.com|language=en}} With headquarters in Louisville, Kentucky,{{Cite news|last=Eigelbach|first=Kevin|date=30 May 2012|title=Neace Lukens buys another insurance firm|url=http://www.bizjournals.com/louisville/news/2012/05/30/neace-lukens-buys-another-insurance-firm.html|newspaper=Louisville Business First|publisher=American City Business Journals|accessdate=16 October 2014}} the company has more than 500 licensed agents and more than 850 employees{{cite web|url=http://swinchamber.com/news/matt-pereboom-joins-assuredpartners-nl/ |title=Matt Pereboom joins AssuredPartners NL | Southwest Indiana Chamber |website=Swinchamber.com |date=2014-06-20 |accessdate=2016-10-27}} operating in 38 states and 2 countries.{{cite web |url=http://www.assuredptrnl.com/office_location |title=Office Location | AssuredPartners NL |website=Assuredptrnl.com |date=2014-06-20 |accessdate=2016-10-27 |archive-url=https://web.archive.org/web/20161012063335/http://www.assuredptrnl.com/office_location |archive-date=2016-10-12 |url-status=dead }}
History
The company Assured Neace Lukens was founded in 1991 by John Neace and Joe Lukens.{{cn|date=July 2021}}
In September 2011, Neace Lukens was acquired by AssuredPartners, Inc.{{cite web|last=Bradford|first=Michael|date=2011-08-14|title=AssuredPartners buys broker Neace Lukens|url=http://www.businessinsurance.com/article/20110814/NEWS04/308149973|publisher=Business Insurance|accessdate=2016-10-27}} In 2015, Chicago based private equity firm GTCR, owner of AssuredPartners since its inception in 2011, sold the company to Apax Partners.{{Cite web |last=Dorbian |first=Iris |date=2024-12-09 |title=GTCR to sell insurance broker AssuredPartners for $13.45bn |url=https://www.pehub.com/gtcr-to-sell-insurance-broker-assuredpartners-for-13-45bn/ |access-date=2025-02-28 |website=PE Hub |language=en-US}} In 2019, Apax Partners sold AssuredPartners to an investor group led by GTCR, retaining a minority co-control stake in the company. In December 2024, Apax and GTCR agreed to sell AssuredPartners to Arthur J. Gallagher & Co. in a $13.45 billion cash deal.{{Cite web |date=10 December 2019 |title=Gallagher strikes $13.5 bln deal for AssuredPartners to strengthen insurance broker business |url=https://www.reuters.com/markets/deals/arthur-j-gallagher-buy-assuredpartners-1345-bln-deal-2024-12-09/ |access-date=28 February 2025 |website=Reuters}}
Management
Currently, Randy Larsen is a President of AssuredPartners NL.{{Cite web|title=AssuredPartners Announces New Senior Leadership Structure|url=https://www.prweb.com/releases/assuredpartners-announces-new-senior-leadership-structure-859804019.html|access-date=2021-05-05|website=PRWeb}}
Former presidents
- Todd Stocksdale{{Cite web|date=2017-04-14|title=AssuredPartners NL Announces Todd Stocksdale as President {{!}} AssuredPartners NL|url=http://www.assuredptrnl.com/assuredpartners-nl-announces-todd-stocksdale-as-president/8134|access-date=2021-05-05|archive-url=https://web.archive.org/web/20170414162237/http://www.assuredptrnl.com/assuredpartners-nl-announces-todd-stocksdale-as-president/8134|archive-date=2017-04-14}}
- Larry Schaefer{{cite news|last1=Eigelbach|first1=Kevin|date=14 September 2012|title=Neace turns over daily operations of Neace Lukens to Schaefer|newspaper=Louisville Business First|publisher=American City Business Journals|url=http://www.bizjournals.com/louisville/print-edition/2012/09/14/neace-turns-over-daily-operations-of.html?page=all|accessdate=16 October 2014}}
Jim Henderson is the company's Chairman and CEO.
A leadership team consists of 9 people.
Acquisitions
AssuredPartners Inc. made 204 acquisitions at all.{{Cite web|title=AssuredPartners Announces Milestone 200th Acquisition|url=https://www.assuredpartners.com/blog/detail/bid/99/ap-in-the-news/assuredpartners-announces-milestone-200th-acquisition|access-date=2021-05-05|website=Insurance Broker & Employee Benefit Solutions {{!}} AssuredPartners|language=en-US}}
During 2021, the company acquired 14 enterprises.{{Cite web|date=2021-04-22|title=AssuredPartners brings up 14th acquisition of 2021 with Biglow deal|url=https://www.theinsurer.com/news/assuredpartners-brings-up-14th-acquisition-of-2021-with-biglow-deal/15436.article|access-date=2021-05-05|website=The Insurer|language=en}}{{Cite web|title=Rice Insurance Services Co. acquired by AssuredPartners - Lane Report {{!}} Kentucky Business & Economic News|date=17 March 2021 |url=https://www.lanereport.com/139515/2021/03/rice-insurance-services-co-acquired-by-assuredpartners/|access-date=2021-05-05|language=en-US}}
In 2018, AssuredPartners Inc. has acquired Cornerstone Insurance Group.{{Cite web|date=2018-05-03|title=AssuredPartners Acquires Cornerstone Insurance Group in St. Louis|url=https://www.insurancejournal.com/news/midwest/2018/05/03/488201.htm|access-date=2021-05-05|website=Insurance Journal|language=en-US}}
In 2012, the company owned Morehead Insurance,{{Cite web|date=2012-05-07|title=Neace Lukens Acquires Kentucky's Morehead Insurance|url=https://www.insurancejournal.com/news/southeast/2012/05/07/246554.htm|access-date=2021-05-05|website=Insurance Journal|language=en-US}} Arison Insurance Services, Inc.{{Cite web|date=2012-03-30|title=AssuredPartners Acquires Arison Insurance Services, Inc.|url=https://www.businesswire.com/news/home/20120330005173/en/AssuredPartners-Acquires-Arison-Insurance-Services-Inc.|access-date=2021-05-05|website=www.businesswire.com|language=en}} etc.
Ranking
As of July 2011, Neace Lukens was the 24th largest private insurance firm in the country as ranked by Business Insurance magazine.[http://www.neacelukens.com/files/files/NL_24.pdf]{{Dead link|date=October 2014}}
In July 2020, AssuredPartners NL was listed as the 11th largest broker of U.S. business by Business Insurance, featuring the “100 Largest Brokers of U.S. Business”.{{Cite web|title=Business Insurance 2020 edition|url=https://www.assuredpartners.com/Portals/1/2020_Documents/BUIN_0720_BI100_%20AssuredPartners_PRINT.pdf?ver=2020-10-02-201814-057|url-status=live|archive-url=https://web.archive.org/web/20210505125743/https://www.assuredpartners.com/Portals/1/2020_Documents/BUIN_0720_BI100_%20AssuredPartners_PRINT.pdf?ver=2020-10-02-201814-057 |archive-date=2021-05-05 }}{{Cite web|date=2014-11-19|title=The top 50 large-group employee benefit brokers in the U.S., part 2|url=https://www.benefitnews.com/slideshow/the-top-50-large-group-employee-benefit-brokers-in-the-us-part-2|access-date=2021-05-05|website=Employee Benefit News|language=en}}
Also the company was recognised as one of the Best Companies to Work for in Lake Mary, FL by Zippia's ranking.{{Cite web|date=2020-05-18|title=2 AssuredPartners Careers & Jobs|url=https://www.zippia.com/assuredpartners-careers-15593/|access-date=2021-05-05|website=www.zippia.com|language=en-US}}{{Cite web|title=11 Best Companies To Work For In Lake Mary, FL|url=https://www.zippia.com/company/best-companies-in-lake-mary-fl/|access-date=2021-05-05|website=www.zippia.com|language=en-US}}
Awards
2019 — Best Employer in Ohio by the Ohio SHRM State Council and Best Companies Group.{{Cite web|date=2019-05-13|title=Best Employers in Ohio - AssuredPartners|url=https://www.crainscleveland.com/awards/best-employers-ohio-2019-assuredpartners|access-date=2021-05-05|website=Crain's Cleveland Business|language=en}}
2016 — Best Place to Work in Kentucky by the Kentucky Society for Human Resource Management and the Kentucky Chamber of Commerce.{{Cite web|title=2016 Best Places to Work in Kentucky|url=https://issuu.com/kychamber/docs/bpwk_2016_-_digital_version|access-date=2021-05-05|website=Issuu|date=21 April 2016 |language=en}}
References
{{Reflist|30em}}
External links
- {{Official website|assuredptrnl.com}}
- [https://www.linkedin.com/in/randyjlarsen Randy J. Larsen LinkedIn]
Category:Insurance companies of the United States
Category:Companies based in Louisville, Kentucky
Category:1991 establishments in Kentucky
Category:American companies established in 1991
Category:Financial services companies established in 1991
Category:Financial services companies of the United States