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Company News, Employee Benefits
Propel Insurance and Alera Group Add Cate-Russell Insurance in Latest Acquisition
Tacoma, WA (December 31, 2021)— Propel Insurance, together with Alera Group, announced today that they have acquired Cate-Russell Insurance, an independent insurance agency offering business, personal and benefits insurance.
“Cate-Russell Insurance has been in the insurance business for more than 40 years. We pride ourselves on our strong, long-standing relationships with some of the nation’s top-rated insurance companies and we dedicate ourselves to protecting what’s most important to our customers,” agreed Mark Russell and Leslie Cate, Owners at Cate-Russell Insurance.
Cate-Russell Insurance, based in Maryville, Tennessee, provides a variety of business insurance, personal insurance, and employee benefits solutions for clients. The Cate-Russell Insurance team specializes in providing personalized guidance to help clients find the right coverage.
“For more than four decades, Cate-Russell Insurance has consistently won awards for excellent service,” said Kurt Carlson, Managing Partner of Propel Insurance, an Alera Group company. “The team continues to go the extra mile to exceed expectations and understands what it takes to produce quality insurance solutions. We look forward to welcoming Cate-Russell Insurance to the Propel team and expanding our footprint in Tennessee.”
The Cate-Russell Insurance team will continue serving clients in their existing roles. Cate-Russell Insurance will become a division of Propel Insurance, an Alera Group company. Terms of the transaction were not announced.
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About Alera Group
Alera Group is an independent, national insurance and wealth management firm with more than $850 million in annual revenue, offering comprehensive employee benefits, property and casualty, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,000 professionals in more than 120 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit www.aleragroup.com or follow us on LinkedIn.
Propel Insurance
For almost 100 years, Propel Insurance (www.propelinsurance.com) has earned a reputation for helping companies reach their potential, providing innovative insurance solutions, risk consulting, workers’ comp cost containment, and employee benefits to thousands of businesses and individuals.
