GBG

What GBG does

GBG Inc. is an independent insurance agency and brokerage founded circa 1990, operating from a headquarters in South Holland, Illinois with regional offices in Milwaukee, Wisconsin and Dallas, Texas. The firm functions as a Trusted Choice independent agent representing more than a dozen insurance carriers spanning national property and casualty carriers (Travelers, CNA, Zurich), specialty and wholesale markets (Lloyds of London, Hiscox, Beazley), and health insurers (Blue Cross Blue Shield of Illinois, Humana, United Healthcare). It holds Certified Minority Owned Business Enterprise (MBE) and Disadvantaged Business Enterprise (DBE) certifications across its service lines.

The company's core products span property and casualty insurance, workers compensation, employee benefits, personal auto, homeowners, and commercial lines. Service offerings include insurance brokerage, risk management consulting, employee benefits consulting with ACA compliance expertise, a Risk Review diagnostic engagement, and Owner Controlled Insurance Program (OCIP) administration for large construction projects delivered through a strategic partnership with Wrap Up Solutions and a proprietary Wrap 24/7 web portal for real-time project workflow monitoring. GBG specializes in five primary client verticals — nonprofit organizations, housing developers, entrepreneurs, large construction projects, and municipal entities — with an additional National/International segment served through partner networks. Track record metrics include 200+ OCIP projects administered, $15B in construction value insured, and a client base where the majority of relationships exceed 10 years.

Revenue is generated through commission-based placement of insurance policies across property and casualty, workers compensation, and employee benefits lines (transaction fee model), supplemented by fees for risk management consulting, employee benefits consulting, and managed OCIP administration services. The go-to-market motion is consultative, sales-led, and relationship-driven, leveraging senior management's carrier-side underwriting and marketing experience to position specialized programs for complex client needs. Pricing is quote-based and not publicly disclosed; carrier commissions vary by line, coverage type, and risk profile. The firm operates as a privately held family of corporations with no disclosed external investors, no parent company, and no recorded funding rounds or M&A activity in the available data.

Name

GBG

Legal name

GBG Inc.

Website

https://gbgins.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

GBG Inc. is a privately held independent insurance agency and brokerage founded circa 1990, representing 12+ carriers across property and casualty, workers compensation, and employee benefits. It serves nonprofits, housing developers, entrepreneurs, large construction, and municipal clients via OCIP administration, risk consulting, and benefits advisory.

Ownership category

akta.pro rank

Headquarters

HQ city

South Holland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Brokerage Commissions: GBG earns commissions from insurance carriers for placing coverage. As an independent agent representing multiple insurance companies, commissions are earned on property & casualty, workers compensation, employee benefits, and other insurance products placed on behalf of clients.
2. Risk Management Consulting Fees: Fees charged for risk management consulting services including risk identification, evaluation, modification, transfer and monitoring of operational risk for clients.
3. Employee Benefits Consulting: Consulting fees for ACA compliance counsel, plan selection, and ongoing plan management including billing, claims and eligibility administration.
4. OCIP Administration Services: Through strategic partnership with Wrap Up Solutions, GBG provides OCIP program administration, carrier selection, program design and implementation, claims management, and safety/loss control services for large construction projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

GBG Inc. is an independent insurance brokerage that places Property & Casualty, Workers Compensation, and Employee Benefits coverage with multiple carriers, and delivers supporting services in Risk Review, Risk Management Consulting, Employee Benefits Consulting, and OCIP (Owner Controlled Insurance Program) Administration for large construction projects via the proprietary Wrap 24/7 portal. The firm specializes in serving nonprofits, housing developers, entrepreneurs, large construction, municipal entities, and national/international clients.

Product overview

GBG Inc. is an independent insurance agency operating as a Trusted Choice agency, offering a portfolio of Property and Casualty Insurance, Workers Compensation, and Employee Benefits as its core insurance products. These core products are supported by five integrated service offerings: Risk Review, Insurance Brokerage, Risk Management Consulting, Employee Benefits Consulting, and OCIP Administration. The company represents multiple insurance carriers and specializes in serving sectors including nonprofits, housing developers, entrepreneurs, large construction, municipal entities, and national/international clients. Additional insurance products include Personal Auto, Homeowners, and Commercial Lines coverage.

Differentiator

Problem solved

Functional benefit

Products and services

• Property and Casualty Insurance Comprehensive property and casualty coverage including general liability, umbrella/excess liability, property coverage, commercial automobile, commercial crime, inland and ocean marine, international insurance, professional liability, cyber liability, and excess and surplus lines. Placed with multiple carriers for businesses across sectors.
• Workers Compensation Workers compensation coverage managed within package insurance programs or as standalone coverage, structured with 3-year benchmarks and cost-savings solutions for employers.
• Employee Benefits Employee benefits products including group health, group life insurance, group disability, long term care, workplace marketing, health reimbursement accounts, flexible spending accounts, health savings accounts, self-insured programs, key employee consulting, and pension plans.
• Personal Auto Insurance Personal automobile insurance coverage with configurable bodily injury and property damage coverage limits for individual consumers.
• Homeowners Insurance Homeowners insurance coverage for homes, condominiums, and renters with various coverage types.
• Commercial Lines Insurance Commercial insurance coverage including commercial liability, commercial property, commercial auto, and group health benefits for businesses.
• Risk Review Service Comprehensive review of client operations, risk profile, and existing insurance coverage on a page-by-page, endorsement-by-endorsement basis with recommendations to optimize coverage and cost.
• Insurance Brokerage Services Insurance brokerage services representing multiple insurance carriers including Great American Insurance, AmTrust, Blue Cross Blue Shield of Illinois, Travelers Insurance Co., CNA Insurance Co., Philadelphia Insurance Co., Humana, United Healthcare, Zurich Insurance, Lloyds of London, Hiscox, and Beazley across property & casualty, workers compensation, and employee benefits lines.
• Risk Management Consulting Risk management consulting to evaluate, modify, transfer, and monitor operational risk with the goal of controlling ultimate insurance and risk management cost for clients.
• Employee Benefits Consulting Employee benefits consulting with expertise in ACA mandates, healthcare cost management, and daily plan administration including billing, claims, and eligibility.
• OCIP Administration Owner (Contractor) Controlled Insurance Program administration delivered through strategic partnership with Wrap Up Solutions, featuring the proprietary Wrap 24/7 portal for real-time wrap-up administration services covering carrier selection, program design and implementation, claims management, and safety/loss control for large construction projects.

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

18 partnerships are on record, tiered core and minor.

• Wrap Up SolutionscoreStrategic or Co-development PartnerStrategic partnership for OCIP (Owner Controlled Insurance Program) placement and administration. Provides expertise in carrier selection, program design and implementation, claims management, and safety/loss control for large construction projects. GBG has managed 200+ projects and $15B in construction through this partnership.
• Great American InsuranceminorOthersInsurance carrier represented by GBG for property and casualty coverage placement.
• AmTrustminorOthersInsurance carrier represented by GBG for coverage placement.
• Blue Cross Blue Shield of IllinoisminorOthersHealth insurance carrier represented by GBG for employee benefits coverage.
• Philadelphia Insurance Co.minorOthersInsurance carrier represented by GBG for coverage placement.
• Travelers Insurance Co.minorOthersInsurance carrier represented by GBG for coverage placement.
• HumanaminorOthersHealth insurance carrier represented by GBG for employee benefits coverage.
• CNA Insurance Co.minorOthersInsurance carrier represented by GBG for coverage placement.
• United HealthcareminorOthersHealth insurance carrier represented by GBG for employee benefits coverage.
• Zurich InsuranceminorOthersInsurance carrier represented by GBG for coverage placement.
• Lloyds of LondonminorOthersSpecialty and wholesale insurance market represented by GBG.
• Hiscox Insurance Co.minorOthersSpecialty insurance carrier represented by GBG.
• Beazley Insurance Co.minorOthersSpecialty insurance carrier represented by GBG.
• Risk Management Solutions of AmericaminorStrategic or Co-development PartnerPart of National Network of Diverse Collaborative Resources providing risk management solutions and expertise.
• Comprehensive Benefit Services, Inc.minorStrategic or Co-development PartnerPart of National Network of Diverse Collaborative Resources providing employee benefits administration services.
• Trinal Inc.minorStrategic or Co-development PartnerPart of National Network of Diverse Collaborative Resources.
• National African American Insurance Association (NAAIA)minorGTM or Marketing PartnerPart of National Network of Diverse Collaborative Resources providing industry networking and professional development connections.
• Independent Insurance Agents & Brokers America (IIABA)minorGTM or Marketing PartnerIndustry association partnership providing access to professional development, industry resources, and diversity initiatives.

Scale indicators5 records

Recent moves1 record

Expansion highlights4 records

Broad incumbents

• Arthur J. Gallagher & Co. One of the largest global insurance brokerage and risk management firms, with significant practice in large construction (OCIP/CCIP) and public entity segments. Comparable to GBG across essentially all service lines, but at vastly larger scale and public-company infrastructure.
• Risk Strategies Company: National specialty insurance brokerage serving middle-market and large clients across verticals including construction, nonprofits, and public entities. Comparable to GBG in serving OCIP-style construction risks and in offering risk management consulting alongside brokerage.
• Alliant Insurance Services: Large national specialty insurance brokerage offering P&C, employee benefits, and large-project risk solutions across diverse verticals. Comparable to GBG in product mix (P&C, WC, EB) and verticals (construction, nonprofits, public entity), but at significantly greater scale and geographic reach.
• Marsh & McLennan Agency: Middle-market brokerage arm of Marsh, serving commercial and public-sector clients with P&C, employee benefits, and risk management. Comparable to GBG across product mix and verticals, with substantially larger scale and technology infrastructure.
• Hub International: Mid-market insurance brokerage with national footprint serving commercial and personal lines including public entities and construction. Comparable to GBG's product mix and Midwest roots, with similar Trusted Choice / independent agency-style representation across multiple carriers.

Direct peers

• Loomis & LaPann: Independent insurance agency offering P&C, workers compensation, and employee benefits to small/medium businesses with a vertical focus. Closely comparable to GBG in size, independent-agency model, and multi-line SMB mix.
• Ames & Gough: Specialty insurance brokerage focused on construction, real estate, and complex commercial risks. Comparable to GBG in vertical specialization (construction, developers) and in carrier-brokerage distribution model.
• RPS (Risk Placement Services): Specialty wholesale brokerage and binding authority provider with strong construction and OCIP practice. Directly comparable to GBG's OCIP administration and excess & surplus lines placement with specialty carriers.
• M.J. Hall & Company: Independent insurance brokerage with construction and OCIP administration expertise. Comparable to GBG in scale and in the niche overlap of construction risk placement and wrap-up administration.
• Brown & Riding Insurance Services: Specialty insurance brokerage with deep expertise in construction, OCIP/CCIP administration, and complex commercial placements. Closest comparable to GBG's OCIP niche and property/casualty specialty practice, with similar carrier-brokerage model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/gbginsurance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GBG