AssuredPartners

Last updated
AssuredPartners, Inc.
Company type Subsidiary
Industry Financial services
FoundedMarch 2011;14 years ago (2011-03) in Lake Mary, Florida, U.S.
FounderJim Henderson
Headquarters450 South Orange Avenue, 4th Floor,
Orlando, Florida
,
U.S.
Area served
Worldwide
Key people
Number of employees
10,900 (2025)
Parent Arthur J. Gallagher & Co.
Website assuredpartners.com
Footnotes /references
[3] [4] [5] [6] [7]

AssuredPartners (AP) is an insurance brokerage and risk management services company based in the United States, [8] with its headquarters located in Orlando, Florida. [3] Founded in March of 2011, the company operates on a global scale and ranks among the world's largest insurance brokers. [9]

Contents

On August 18, 2025, the firm was acquired by Arthur J. Gallagher & Co. (Gallagher), a publicly traded insurance brokerage headquartered in Rolling Meadows, Illinois. [4]

History

AssuredPartners was established in March 2011 by Jim Henderson, who had four decades of experience in the insurance industry. [10]

On September 20, 2011, the firm completed the acquisition of Neace Lukens Holding Co., the parent company of Neace Lukens. The transaction involved the seven partners of Neace Lukens selling their shares to AssuredPartners, resulting in a transfer of ownership of the Kentucky-based insurance agency. This acquisition was aligned with AssuredPartners' strategy to develop a national insurance brokerage network through the acquisition of established regional agencies. While the financial details of the transaction were not made public, industry sources confirmed it was the company's first acquisition. [11] [12] [13]

In 2015, GTCR, a Chicago-based private equity firm that had held ownership of AssuredPartners since its founding, sold the company to Apax Partners. [14]

In 2019, Apax Partners sold AssuredPartners to an investor group led by GTCR, with Apax retaining a minority co-control position in the company. [15]

In December 2024, Apax Partners and GTCR entered into an agreement to sell AssuredPartners to Arthur J. Gallagher & Co. in a transaction valued at $13.45 billion in cash. The sale was finalized in August 2025. [16]

Acquisitions

During 2021, the company acquired 14 enterprises. [17] [18]

In 2018, AssuredPartners has acquired Cornerstone Insurance Group. [19]

In 2012, the company owned Morehead Insurance, [20] Arison Insurance Services, Inc. [21] etc.

Ranking

In July 2020, AssuredPartners was listed as the 11th largest broker of U.S. business by Business Insurance, featuring the “100 Largest Brokers of U.S. Business”. [22] [23]

References

  1. ↑ "AssuredPartners makes senior executive changes". Business Insurance. 2023-02-22. Retrieved 2025-09-01.
  2. ↑ "Leadership Team | AssuredPartners". www.assuredpartners.com. Retrieved 2025-09-01.
  3. 1 2 "AssuredPartners moves into new headquarters". www.insurancebusinessmag.com. Retrieved 2025-09-01.
  4. 1 2 "Arthur J. Gallagher Completes $13.5 Billion Acquisition of AssuredPartners". Insurance Journal. 2025-08-18. Retrieved 2025-09-01.
  5. ↑ "AssuredPartners 2025 Company Profile: Valuation, Investors, Acquisition | PitchBook". pitchbook.com. Retrieved 2025-09-01.
  6. ↑ "Jim Henderson, Chairman and CEO, AssuredPartners Inc". www.insurancebusinessmag.com. Retrieved 2025-09-01.
  7. ↑ "Jim W. Henderson". Board of Trustees. Retrieved 2025-09-01.
  8. ↑ "AssuredPartners Inc - Company Profile and News - Bloomberg Markets". Bloomberg Markets . Retrieved 2025-09-01.
  9. ↑ "Working at AssuredPartners". Glassdoor. Retrieved 2025-09-01.
  10. ↑ "GTCR Announces Sale of AssuredPartners to Arthur J. Gallagher & Co. for $13.45 Billion". GTCR. 2024-12-09. Retrieved 2025-09-03.
  11. ↑ "Assured Neace Lukens 2025 Company Profile: Valuation, Investors, Acquisition | PitchBook". pitchbook.com. Retrieved 2025-09-03.
  12. ↑ "Neace Lukens acquired by Florida holding company - Louisville Business First". www.bizjournals.com. 2011-08-05. Retrieved 2025-09-03.
  13. ↑ admin (2011-09-21). "AssuredPartners Acquires Kentucky-Based Agency Neace Lukens". Insurance Journal. Retrieved 2025-09-03.
  14. ↑ Dorbian, Iris (2024-12-09). "GTCR to sell insurance broker AssuredPartners for $13.45bn". PE Hub. Retrieved 2025-02-28.
  15. ↑ "Gallagher strikes $13.5 bln deal for AssuredPartners to strengthen insurance broker business". Reuters. 10 December 2019. Retrieved 28 February 2025.
  16. ↑ Fish, Tom (August 19, 2025). "Insurance Giant Gallagher Closes $13B AssuredPartners Buy". Law360. Retrieved 2025-08-27.
  17. ↑ "AssuredPartners brings up 14th acquisition of 2021 with Biglow deal". The Insurer. 2021-04-22. Archived from the original on 2021-08-02. Retrieved 2021-05-05.
  18. ↑ "Rice Insurance Services Co. acquired by AssuredPartners - Lane Report | Kentucky Business & Economic News". 17 March 2021. Retrieved 2021-05-05.
  19. ↑ "AssuredPartners Acquires Cornerstone Insurance Group in St. Louis". Insurance Journal. 2018-05-03. Retrieved 2021-05-05.
  20. ↑ "Neace Lukens Acquires Kentucky's Morehead Insurance". Insurance Journal. 2012-05-07. Retrieved 2021-05-05.
  21. ↑ "AssuredPartners Acquires Arison Insurance Services, Inc". www.businesswire.com. 2012-03-30. Retrieved 2021-05-05.
  22. ↑ "Business Insurance 2020 edition" (PDF). Archived (PDF) from the original on 2021-05-05.
  23. ↑ "The top 50 large-group employee benefit brokers in the U.S., part 2". Employee Benefit News. 2014-11-19. Retrieved 2021-05-05.
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