US-based insurance coverage brokerage Inszone Insurance coverage Companies has acquired compatriot Welcome Insurance coverage Company, broadening its shopper protection.
Monetary phrases of the deal weren’t shared.
Welcome Insurance coverage Company was established in 2008 by trade veteran Javaid Akhtar. It presents insurance coverage options for gasoline stations, spiritual establishments, eating places, and automotive retailers.
Inszone CEO Chris Walters stated: “We’re thrilled to have Welcome Insurance coverage Company be a part of the Inszone Insurance coverage household.
“Javaid’s unwavering dedication to client-centric service and neighborhood involvement resonates with Inszone’s core values. This acquisition is a testomony to our dedication to offering top-notch insurance coverage options whereas making a significant distinction within the communities we serve.”
The acquisition guarantees a seamless transition for Welcome Insurance coverage Company’s shoppers, who will proceed to obtain personalised service whereas benefiting from Inszone Insurance coverage Companies’s assets and experience.
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Inszone is engaged in providing complete property & casualty insurance coverage and worker advantages options, with a presence in 66 areas throughout the US.
It intends to increase its attain all through the nation, each by way of acquisitions and natural means.
In a current growth, Inszone acquired John Henry Insurance coverage Companies, which was arrange in 2003 by John Henry Garcia and is thought for delivering customised insurance coverage options for companies and people.
Late final 12 months, non-public fairness firm Lightyear Capital invested in Inszone whereas present investor BHMS determined to speculate extra capital within the insurer.
Inszone will use the funds to ramp up its development.
