Signers Nationwide, a US insurance coverage dealer, has expanded its portfolio with the acquisition of two companies, Affiliated Insurance coverage Brokers and Ballantyne Insurance coverage Group.
Monetary phrases of the offers weren’t disclosed.
Each companies will function below Signers’ Lamb Insurance coverage Companies division.
This transfer is a part of Signers’ technique to focus on area of interest markets, particularly these serving human service and non secular organisations.
Affiliated Insurance coverage Brokers, a Houston, Texas-based impartial company, specialises in insurance coverage protection for spiritual and non-profit organisations.
Publish-acquisition, the company’s proprietor, Tim Tanner, will be a part of Lamb Insurance coverage Companies as a managing shopper govt.
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The workers of Affiliated Insurance coverage Brokers will even turn out to be a part of the Lamb Insurance coverage Companies staff.
Tanner mentioned: “With the help of Signers and Lamb, we can higher help non-profit and non secular organisations in Texas and past, and we look ahead to the good outcomes forward.”
Ballantyne Insurance coverage Group, situated in Charlotte, North Carolina, presents insurance coverage options to human service organisations.
William Bradley, the proprietor and operator, will proceed his position as a managing shopper govt after the acquisition.
Bradley added: “There’s a vital urge for food in our marketplace for the robust customer support and the big selection of protection choices they supply, and with Signers help, we consider we are able to finest support the North Carolina neighborhood with the protection our companies must maintain and develop.”
Signers mentioned that its acquisition technique is ready to proceed all through 2024, with a deal with companies that cater to human service and non secular sectors.
Signers CEO Josh Lamberg mentioned: “These new acquisitions will present our staff with the chance to increase our attain in North Carolina and begin our enlargement into the Texas market.
“With the added experience and insights of those organisations, we’re higher positioned to offer a wider vary of insureds with priceless protection and insights to maintain their operations operating easily.”
In November 2023, the dealer introduced the acquisition of three retail insurance coverage companies, Carriage Commerce Insurance coverage Company, the Sanctuary Insurance coverage Company and Robert O. Hampton.
Earlier, in August 2023, Signers acquired Eclipse Danger Insurance coverage Companies and Whittaker Company, each suppliers of insurance coverage to non-profit organisations.
