Kraus-Anderson Insurance acquires Onyx Benefit Advisors

Kraus-Anderson Insurance, a national provider of risk management services, acquired Onyx Benefit Advisors, a Bloomington, Minnesota-based employee benefits firm.

The acquisition expanded Kraus-Anderson Insurance’s benefits portfolio and reflected an investment in expertise to support continued growth and service depth regionally and nationally.

Onyx was the third strategic acquisition by Kraus-Anderson Insurance in recent years. The company acquired Minnesota Insurance Brokers in 2009 and Advanced Risk Manager in 2012.

“We are very excited to bring Onyx into our KA Insurance family,” said Dennis Diessner, executive vice president and chief operating officer of KA Insurance. “These are uncertain times in healthcare, and business leaders need experienced professionals with creative solutions to help them develop employee benefit plans that are fiscally responsible and help attract and retain employees.”

How Did the Acquisition Expand Employee Benefits Services?

Onyx was founded by Jenny Wiederholt-Pine, who built the company into a successful agency offering health risk management and wellness plans.

Wiederholt-Pine became KA Insurance’s senior benefit advisor and marketed benefit programs and other agency services to employers across the Twin Cities metropolitan area.

“The acquisition greatly expands our scope of services and allows us to continue providing a consultative approach to planning and designing the right solutions for our clients,” said Kelly Brenna, KA Insurance vice president of HR and benefit services.

Onyx offices and employees relocated to the KA Insurance Burnsville location effective September 1.

“Sharing a similar culture of core values also is extremely important,” said Wiederholt-Pine. “This is a perfect fit, and we are thrilled to be part of KA Insurance’s growing benefits practice.”

About Kraus-Anderson Insurance

Kraus-Anderson Insurance is an independent agency providing risk management tools for businesses and individuals, including business and personal lines, alternative risk financing, workers compensation management through COMPTROL, HR and benefits, safety and loss control, and surety bonding.

COMPTROL is a member of the Institute of Work Comp Advisors, which is limited to 275 agencies nationwide.

Kraus-Anderson Insurance is an affirmative action and equal employment opportunity employer. It is part of the Minneapolis-based Kraus-Anderson family of operations, which includes commercial construction, real estate management and development, and capital financing.

Learn more about employee benefits and ICHRA, benefits and wellness services, strategic growth at Kraus-Anderson Insurance and Burnsville Chamber recognition of Dennis Diessner.