Segal is an American

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firm headquartered in New York City, with 1,100 employees throughout the U.S. and Canada. It is the parent of ''Segal Marco Advisors'', ''Segal Select Insurance Services'', and ''Segal Benz''.

History

Segal was founded in 1939 by Martin E. Segal as the Martin E. Segal Company in New York, which provided consultants and actuaries for employee benefit plans. In 1969, the company founded Segal Advisors as its investment consulting unit. In 1991, the company’s name was shortened to The Segal Co. When Segal acquired Rogerscasey in 2012, the name of the investment unit changed to Segal Rogerscasey. In 2013, Segal’s Fiduciary Liability Insurance Practice was incorporated as the insurance brokerage subsidiary of Segal and renamed Segal Select Insurance Services, Inc. At the end of 2013, Segal Consulting opened its Edmonton office to better serve its clients in Western Canada. The company had previously opened offices in Calgary, Montreal, and Toronto. In 2016, the firm announced the upcoming acquisition of the Marco Consulting Group. The acquisition became effective January 1, 2017, and Segal Rogerscasey became Segal Marco Advisors. The new group had combined advisory assets of more than $500 billion. In 2019, Segal’s communication practice combined with the acquisition of Benz Communications to form Segal Benz. In 2020, Segal acquired LRWL Inc., a provider of public sector retirement systems implementation services, integrating its team into Segal’s Administration, Technology, and Consulting Practice. This acquisition enhances Segal’s support for public sector entities, which was noted by David Blumenstein, Segal’s CEO. In 2022, Segal acquired Michigan-based insurance broker Union Services Agency, which provides services to labor organizations, multiemployer funds and public sector entities. The same year, it acquired Milliman’s San Francisco investment consulting practice. In 2024, Segal acquired a commercial insurance book business from J.A. Mariano agency.

Services

Segal offers services in retirement consulting, health benefits consulting, benefits administration consulting, benefit audits, HR and benefits communications, compensation and career strategies, compliance consulting, HR and benefits technology, commercial insurance brokerage services, investment solutions, mergers and acquisitions, organizational effectiveness, financial well-being, and property and casualty insurance.

Acquisitions and mergers

* 2001: Marjorie Gross & Co. * 2002: Sibson & Company * 2006: Irwin Tepper Associates * 2010: Aon Consulting’s U.S. multiemployer defined benefit plan and related consulting business * 2012: Rogerscasey * 2014: The Waters Consulting Group * 2014: Moroni Fantin (Segal acquired a portion of the business) * 2014: Excelcor * 2017: Marco Consulting Group * 2018: Touchstone Consulting * 2018: The Singer Group * 2019: Benz Communications * 2020: LRWL * 2022: Milliman - San Francisco Investment Consulting Practice * 2022: Union Services Agency * 2024: J.A. Mariano Agency * 2025: Intactic

References

{{DEFAULTSORT:Segal Group Privately held companies based in New York City 1939 establishments in New York City Consulting firms established in 1939 American companies established in 1939 Human resource management consulting firms Companies based in New York City Management consulting firms of the United States Actuarial firms Investment management companies of the United States Communications consultants Pension funds Insurance companies of the United States Consulting firms of Canada