“KIG is a fantastic complement to our existing operations and we would like to welcome the clients and staff of KIG to AssuredPartners." said President and COO Tom Riley.
Lake Mary, Fla. (PRWEB) October 06, 2016
AssuredPartners, Inc. is pleased to announce the acquisition of Kentucky Insurance Group, LLC (KIG) located in Lexington, Kentucky. KIG has a history in the insurance industry dating back to the late 1800s. The team of 18 at KIG will continue operations under the leadership of Joe Barnes and Elden Cox. KIG reports approximately $2.4 million in revenues.
“At KIG we believe our greatest asset is our people. We have experienced individuals who are trained and dedicated to assist our clients with their insurance needs.” said Senior Vice President and CFO Elden Cox. “When making the decision to join AssuredPartners, we kept our clients and our staff on the forefront of this decision. AssuredPartners will allow us to continue to operate in the manner our clients are accustomed to while having access to additional tools and resources moving forward.” as stated by KIG CEO Joe Barnes.
“We are pleased to have the opportunity to continue our expansion in Kentucky, namely in the Lexington marketplace.” stated Tom Riley, President and COO of AssuredPartners. “KIG is a fantastic complement to our existing operations and we would like to welcome the clients and staff of KIG to AssuredPartners."
For more information about Kentucky Insurance Group, please visit: http://www.kentuckyinsurancegroup.com.
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $640 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States* with over 180 offices in 30 states, Canada and London. Since 2011, AssuredPartners has acquired more than 160 insurance agencies. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dcurtis(at)assuredptr(dot)com, or visit http://www.assuredptr.com.
*As ranked by Business Insurance in the July 18, 2016 edition, featuring the “100 largest brokers of U.S. business.”