New Administrator for the NY State Workers Compensation Safety Group
Aebly & Associates Insurance Services acquires NYSIF Brokerage business including Group 90 Clients and Safety Groups from Sedgwick
BUFFALO, NY July 17, 2020 – Aebly & Associates Insurance Services, a full-service insurance broker and third-party benefits and payroll administrator, has agreed to purchase the NYSIF Brokerage business including Group 90 Clients and Safety Groups from Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions. The transaction closed on July 6, 2020.
Aebly continues growing business operations despite a down economy. Aebly has grown organically and through acquisition of insurance firms with roots going back to 1913. The acquisition will result in a new office location with employees in Long Island, NY and positions the company for future growth.
Aebly and Associates has been approved by the NYSIF as a Safety Group Manager and will manage various Safety Groups previously managed by Sedgwick/York that was acquired by Sedgwick in 2019/RMPG.
Julius Aebly, President, says of the acquisition, “We are thrilled with the new opportunity and expansion of services this provides, and we are pleased to retain all employees critical to the ongoing successful operation of the Safety Groups. Our top-notch Claims Specialists have decades of experience and will continue to provide exemplary services in a seamless fashion to our clients and their brokers. We look forward to working with our new clients and their brokers and providing the same level of professional services they have become accustomed to while offering additional services to brokers to help them round out offerings and compete in a very competitive marketplace,” Aebly says.
About Aebly & Associates Insurance Services, Inc.
Located in Buffalo, New York, Aebly & Associates Insurance Services, Inc. is a well-established insurance firm serving clients in consulting, brokerage, risk management and administration services, and was purchased by Julius Aebly, Jr. in 2008. Aebly & Associates is a full-service insurance broker and Third-Party Benefits and Payroll Administrator, also handling Retirement Plans, Commercial Insurance, Employee Benefits, Captives and Personal Lines Insurance. Aebly works with select brokers in NY offering additional value-add services that complement their offerings to their clients.