Heffernan Insurance Brokers completes acquisition of Costello Insurance Associates to expand aviation specialty services

Jul 09, 2024•about 1 year ago

Acquiring Company

PAC Global Insurance Brokerage

Acquired Company

Costello Insurance Associates

Walnut Creek

TempeInsuranceInsuranceTravel

Description

Heffernan Insurance Brokers, one of the largest independent insurance brokerage firms in the United States, has acquired Costello Insurance Associates, adding aviation expertise to its suite of services. Costello Insurance Associates, based in Tempe, Arizona, joined as Heffernan's aviation specialty practice effective May 1, 2024. The acquisition aims to further enhance the range and quality of services offered by Heffernan in the field of aviation insurance.

Company Information

Company

PAC Global Insurance Brokerage

Location

Walnut Creek, California, United States

About

PAC Global Insurance Brokerage specializes in Marine Cargo insurance, supporting freight forwarders and import/export operations. It offers tailored coverage solutions to address unique risks associated with moving goods. The company focuses on client service and reducing exposure in the logistics insurance sector. Formally acquired by Heffernan Insurance Brokers, PAC Global now operates as a specialty practice.

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Integration timeline

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Tech stack consolidation

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Post-acquisition investment

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