ALKEME Enhances Insurance Portfolio With Axial Benefits Group Acquisition

ALKEME, a prominent insurance brokerage, has announced the acquisition of Axial Benefits Group, a benefits insurance agency located near Boston, Massachusetts. Axial, established in 2004, has been known for creating healthcare purchasing coalitions that help companies reduce healthcare costs by collaborating.

Under the leadership of Mick Rodgers, who was named Adviser of the Year by Employee Benefit Adviser Magazine in 2017, Axial has gained recognition for its innovative approach to employee benefits. The acquisition aims to combine ALKEME's extensive resources with Axial's unique strategies and proven success in the benefits sector.

"This is an exciting partnership for ALKEME, and we are thrilled to have Mick and his talented team join our ALKEME family," said Curtis Barton, CEO of ALKEME. "Mick has built a remarkable agency with a reputation for innovation and client-focused solutions. This acquisition allows us to offer an even broader range of services to our clients while embracing the forward-thinking approach that Axial is known for."

Mick Rodgers, President of Axial Benefits Group, echoed these sentiments. "Joining ALKEME is an exciting opportunity for us to continue our mission of delivering creative and unique benefits solutions to our clients," he said. "The combination of our unique approach and ALKEME’s scale and resources will enable us to reach new heights and provide unparalleled service. We are thrilled for this next phase for our company and our clients."

Following the acquisition, Axial Benefits Group will operate under the ALKEME brand, with Rodgers leading the benefits practice in the Northeast. This move is expected to enhance the range of services offered to clients while maintaining the innovative spirit that Axial is known for.

About ALKEME

ALKEME is a full-service insurance agency offering a wide array of commercial and personal insurance, employee and executive benefits, retirement, and wealth management services. Founded in 2020, ALKEME has completed over 40 acquisitions and operates from more than 35 locations across 16 states.

The agency is ranked by Insurance Journal as one of the top 40 largest agencies in the United States and by Business Insurance as the fifth fastest-growing broker. Founded by owner/operators with a unique vision, ALKEME employs proven methodologies that provide partner agencies with autonomy, resources, and support to thrive in an ever-changing insurance landscape.

For more information about ALKEME, visit https://alkemeins.com.