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Longtime Pasadena-based Binney, Chase & Van Horne Has Been Sold

Published on Monday, June 25, 2018 | 5:28 am
 

Longtime Pasadena-based insurance company Binney, Chase and Van Horne, Inc., has been sold to a global insurance brokerage and risk management services firm based in Rolling Meadows, Illinois.

Binney, Chase and Van Horne (BCV), founded in Los Angeles in 1930, offers property/casualty and employee benefits coverage and services to clients across Southern California, with a focus on serving nonprofit organizations and affordable housing developers.

With the acquisition by Arthur J. Gallagher and Company, Binney, Chase and Van Horne principals Bruce Newsom, Robyn Roesner and their associates will be relocating to Gallagher’s Glendale office under the direction of Scott Firestone, President of Gallagher’s Southwest region retail property/casualty brokerage operations, and Norbert Chung, President of Gallagher’s Western region employee benefits consulting and brokerage operations, the company said.

No terms of the acquisition were disclosed.

“BCV is an excellent and professional broker with similar core values that will deepen Gallagher’s existing capabilities in serving nonprofit organizations,” J. Patrick Gallagher, Jr., Gallagher and Company Chairman, President and CEO, said. “I am very excited to welcome Bruce, Robyn and their associates to our growing Gallagher family of professionals.”

Arthur J. Gallagher and Co. operates in 34 countries and offers client service capabilities in more than 150 countries through a network of correspondent brokers and consultants.

BCV, doing business as Arroyo Insurance Services Pasadena, has offices at 11 West Del Mar Blvd. Suite 200, and at 1060 E. Green Street, Suite 209, in Pasadena.

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