CBA Joins National Insurance Firm, Alera Group



Posted on: Aug 26, 2019 - 03:00 PM | CBA IN THE MEDIA

Comprehensive Benefit Administrators Join National Insurance Firm, Alera Group

Acquisition Will Allow for Continued Growth and Collaboration, Benefiting 
Massachusetts Area Businesses 


Norwell, MA — Comprehensive Benefit Administrators (CBA) – a traditional benefits brokerage providing specialty services through one source – has been acquired by Alera Group, effective August 1, 2019.

“We are excited to welcome Comprehensive Benefit Administrators to the Alera Group team, expanding our presence and expertise in New England,” said Alan Levitz, CEO of Alera Group. “Mike McKenna and the CBA team’s professionalism and industry expertise is an exciting enhancement of our existing solutions as we continue to enhance the client experience throughout the region and nationally.”

With over 1,700 employees serving thousands of clients nationally, Alera Group has continued to grow since its launch in early 2017. Alera Group offers expertise in employee benefits, property and casualty insurance, risk management and wealth management. The unique approach of Alera Group combines national resources and best practices with the personal, localized service of each individual firm.

 

“Becoming an Alera Group company is a fantastic step for our firm as we continue to serve our clients not only in Massachusetts but throughout the entire Northeast,” said Michael McKenna, President of CBA. “In today’s constantly changing benefits environment, employers need as much guidance as possible so they can focus on running and growing their businesses. Not only can we continue to provide exceptional service, but we now have national, powerful resources we can bring to our clients here throughout the state and region.”

All CBA employees will continue operating out of the firm’s existing locations under the name Comprehensive Benefit Administrators, an Alera Group Company, LLC.

Terms of the transaction were not disclosed.

Alera Group was formed in early 2017 and is one of the nation’s foremost independent insurance agencies. For more information on partnering with Alera Group, visit Partner With Us at www.aleragroup.com.

About Comprehensive Benefits 
Headquartered in Norwell, Massachusetts and serving businesses throughout the Northeast, Comprehensive Benefit Administrators® (CBA) creates benefits programs that are focused on exceeding client expectations while minimizing costs. Their expertise in brokerage services, claims administration and enrollment allows them to design tailored benefit plans that deliver measurable results for their clients. For more information, visit: www.cbacompanies.com.

About Alera Group
Based in Deerfield, IL, Alera Group’s over 1,700 employees serve thousands of clients nationally in employee benefits, property and casualty, risk management and wealth management. Alera Group is the 15th largest privately held firm in the country. For more information, visit www.aleragroup.com or follow Alera Group on Twitter: @AleraGroupUS.