MarshBerry has acquired the assets of Gill & Roeser, Inc., 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, program structures, alternative markets, risk pooling, valuations, capital raising, and merger and acquisition consulting services.
MarshBerry is a merger and acquisition advisory and consulting firm to the insurance industry, advising insurance carriers, distributors and providers of ancillary services of deals
As part of the acquisition, MarshBerry is hiring the staff of Gill & Roeser including Dale A. Myer, Chairman and Steven K. Bolland, President and CEO. Both Myer and Bolland have obtained the Financial Industry Regulatory Authority (FINRA) Series 7, 24, 63, 79 and 99 licenses.
John Wepler, MarshBerry chair and president, said the acquisition expands the firm’s knowledge in the insurance carrier and managing general agent marketplace.
Both firms have been in business for over 30 years.
Myer said the deal allows Gill & Roeser to 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.