Alera Group, a US insurance and financial services firm, has announced the appointment of Jim Blue, its current president, to the role of Chief Executive Officer, effective January 1, 2025.
Blue will succeed Alan Levitz, who will become Alera Group’s Executive Chairman.
With a deep background in insurance, benefits, and financial services, including his tenure as CEO of Marsh & McLennan Agency New England, Blue is uniquely qualified to guide Alera Group into its next phase of growth, the firm stated.
“As I step into the role of CEO, I’d like to recognize all that Alan has done to build Alera Group’s strong foundation,” Blue said. “As we navigate the complexities of the insurance and financial services landscape, I am excited to lead our team in delivering exceptional service and value to our clients and stakeholders while we continue to build a business that others want to invest in.”
As Executive Chairman, Levitz will focus on identifying strategic partnerships to further strengthen Alera Group’s position in the market.
Under Levitz’s leadership Alera Group achieved impressive progres, growing from $150 million in revenue to almost $1.4 billion this year.
Growth has accelerated since Blue joined Alera Group as president in 2018, with revenue increasing by nearly 330% while the company integrated more than 125 offices and grew the unified team to more than 4,400 colleagues.
“It has been a privilege to lead and work with the talented colleagues of Alera Group. I am confident that those same colleagues will continue to thrive and accelerate the growth of the firm under Jim’s leadership,” said Levitz.
He added: “Working alongside Jim, I’ve seen his ability to engage our colleagues and communicate a strategic vision that will ensure Alera Group continues to thrive and adapt in an ever-changing market, serving clients and serving each other.”
