August 1, 2015
Union Insurance Group Acquires The McLaughlin Company
Acquisition Strengthens Union Insurance Group’s Footprint in the Labor Union Sector of the Business Insurance Industry
CHICAGO, IL, August 1, 2015 – Union Insurance Group (UIG) announced today that it has acquired The McLaughlin Company, a full service insurance and risk management agency. The pairing cements Union Insurance Group’s presence as the leading commercial insurance agency specializing in custom-tailored property/casualty and professional liability products for labor organizations. In connection with the transaction, Union Insurance Group and The McLaughlin Company have entered into a strategic marketing agreement to provide McLaughlin clients continuing access to business insurance and risk management services.
Commenting on the acquisition, Christopher DeCaigny, Union Insurance Group’s President, said: “We are delighted to welcome Ted Pappas and The McLaughlin Company’s entire team of experienced insurance professionals to Union Insurance Group. The acquisition demonstrates UIG’s continued commitment to supporting and growing the labor economy and we look forward to working closely as a team throughout the transition. The pairing of Union Insurance Group and The McLaughlin Company is an exciting opportunity to provide increased value to Labor in the business insurance marketplace.”
Ted Pappas, President and CEO of The McLaughlin Company, remarked: “It is with great pleasure and confidence that I introduce our valued clients to Union Insurance Group. With aligned missions and markets, this is a unique opportunity to expand risk management resources and business insurance solutions in the labor marketplace. It’s a winning situation for our company and its customers. This is a pivotal time for many of our clients and they can expect a renewed and strengthened commitment to providing extraordinary creativity and customer service. I and the entire McLaughlin team are excited to begin collaborating with UIG.”
About Union Insurance Group
Since 1997, Union Insurance Group has been committed to ensuring the financial security of union organizations while supporting the Labor Movement. Their experienced team of professionals provides commercial insurance including property/casualty and professional liability coverage to Labor organizations of all sizes including: Locals, Regional/State/District Councils, Joint Apprenticeship Training Centers, Taft-Hartley Multi-Employer Trust Funds and International Unions. Union Insurance Group has established exclusive programs with carriers to accommodate the unique insurance needs of their union clientele. The Rockville, MD office joins existing locations in Chicago, Washington, DC and the San Francisco Bay area. Additional information may be found at www.uigins.com.
About The McLaughlin Company
Based in Rockville, MD, The McLaughlin Company was established in 1929. Since then they have provided the people, expertise and sophisticated technology to resolve client’s insurance or risk management needs. In 1934, The McLaughlin Company wrote the first Workers’ Compensation insurance for a national labor union, the United Mine Workers. In the 80 years that followed, the McLaughlin Company has provided innovative insurance solutions to many of America’s national and international labor unions. President and CEO Ted Pappas, with over 30 years of experience in the insurance business, and his team service a wide array of clients including International Unions, Local Unions, ERISA Funds, Training Funds and other organizations. More information may be found at www.mymclaughlin.com.
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