American insurance coverage brokerage Inszone Insurance coverage Companies has additional strengthened its nationwide footprint with the acquisition of Denver, Colorado-based Esquire Insurance coverage.
Monetary phrases of the deal stay undisclosed.
Arrange in 2007 by Brian Prepare dinner and Scott Ligouri, and joined by John R. Thomas in January 2021, Esquire Insurance coverage conducts enterprise underneath the title Loft & Co.
The corporate operates bodily areas in three states.
Initially concentrating on private strains insurance coverage, Loft & Co, underneath the steerage of John R. Thomas, has branched out into industrial strains.
It has developed a division devoted to high-net-worth purchasers, providing substantial umbrella insurance policies.
The corporate’s Protection Hyperlink product allows collaboration with credit score unions and monetary establishments to offer co-branded insurance coverage options and revenue-sharing alternatives.
The deal is claimed to assist Loft & Co’s purchasers achieve entry to a wider array of insurance coverage carriers and assets.
Shoppers are assured of a clean transition and the continued provision of customised insurance coverage options.
Inszone CEO Chris Walters said: “Brian, Scott, and their crew have constructed an progressive company with a robust dedication to shopper service and technological development. Their strategy aligns with our imaginative and prescient for the longer term, and we look ahead to combining our assets to reinforce service choices and proceed driving progress.”
Loft & Co co-founder Brian Prepare dinner stated: “After navigating the quickly altering panorama of the impartial insurance coverage trade over the previous few years, we recognised the necessity to align with a associate who might present the assets essential for continued progress. Inszone has constructed what we have been striving for, and their layered strategy and urge for food for the market align with our imaginative and prescient.”
Earlier this month, Inszone its group advantages capabilities by way of the acquisition of Get Advantages Insurance coverage Companies, headquartered in Ventura County, California.
“Inszone expands with acquisition of Colorado insurer Esquire ” was initially created and revealed by Life Insurance coverage Worldwide, a GlobalData owned model.
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