Ascension Insurance, Inc. Acquires Modern Services Insurance Agency - Expands Capabilities in Key Market

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Ascension Insurance, Inc. announces the acquisition of Modern Services Insurance Agency.

Joe Tatum President and Chief Executive Officer, Ascension Inc.

We are very pleased to welcome Daryl Cowan and the Modern Services Insurance Agency into the Ascension family of companies

Ascension Insurance, Inc. announces the acquisition of Modern Services Insurance Agency. Ascension is a nationwide insurance brokerage and consulting firm specializing in risk management, property & casualty and employee benefits solutions for businesses, non-profits and individuals. Modern Services Insurance Agency is an Atlanta-based insurance firm specializing in the risk management and insurance needs of non-profit firms, as well as churches and private religious schools. The firm will become part of Ascension’s Georgia operation, located in Johns Creek, expanding Ascension’s non-profit capabilities throughout the Southeast.

The acquisition is part of Ascension’s strategy to expand its market share in these specialized markets and to provide premier insurance expertise and resources. Joe Tatum, President and Chief Executive Officer commented, “We are very pleased to welcome Daryl Cowan and the Modern Services Insurance Agency into the Ascension family of companies. Joining forces with Daryl will help us to expand our non-profit capabilities in metro-Atlanta and nationwide, and to provide the highest levels of specialized expertise to our clients.”

Bruce Wharton, Executive Vice President of Ascension of Georgia commented, “We have admired the professionalism and capabilities of Modern Services Insurance for many years, and we are looking forward to working with Daryl and his team to offer more robust risk management and insurance options to clients in Georgia and throughout the Southeast.”

Daryl Cowan commented, “Modern Services Insurance brings our clients highly specialized expertise that is designed to address the unique needs of non-profits, as well as religious schools and organizations. Joining Ascension will allow us to preserve that consultative approach, while offering us access to national resources and expanded expertise and solutions to help them reach their higher purpose.“

About Ascension Insurance, Inc.
Ascension Insurance, Inc. is headquartered in Kansas City, MO, and ranked within the Top 30 largest agencies by revenue size, with more than 440 employees and 35 locations nationwide. Ascension's corporate mission is to create a premier insurance brokerage firm that offers superior risk management and benefits consulting services. Ascension is a privately held corporation. Together with its private equity partners, Parthenon Capital and Century Capital Management, Ascension Insurance, Inc. expects to grow to $200 million in revenue by 2017. For more information, visit http://www.ascensionins.com

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