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Signers Nationwide, a US insurance coverage dealer, has expanded its portfolio with the acquisition of two businesses, Affiliated Insurance coverage Brokers and Ballantyne Insurance coverage Group.
Monetary phrases of the offers weren’t disclosed.
Each businesses will function underneath 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 unbiased company, specialises in insurance coverage protection for non secular and non-profit organisations.
Submit-acquisition, the company’s proprietor, Tim Tanner, will be part of Lamb Insurance coverage Companies as a managing shopper government.
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The workers of Affiliated Insurance coverage Brokers may also change into a part of the Lamb Insurance coverage Companies group.
Tanner stated: “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 nice outcomes forward.”
Ballantyne Insurance coverage Group, situated in Charlotte, North Carolina, gives insurance coverage options to human service organisations.
William Bradley, the proprietor and operator, will proceed his position as a managing shopper government 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 will finest help the North Carolina neighborhood with the protection our companies have to maintain and develop.”
Signers stated that its acquisition technique is ready to proceed all through 2024, with a give attention to businesses that cater to human service and non secular sectors.
Signers CEO Josh Lamberg stated: “These new acquisitions will present our group with the chance to develop our attain in North Carolina and begin our growth into the Texas market.
“With the added experience and insights of those organisations, we’re higher positioned to supply a wider vary of insureds with helpful protection and insights to maintain their operations operating easily.”
In November 2023, the dealer introduced the acquisition of three retail insurance coverage businesses, Carriage Commerce Insurance coverage Company, the Sanctuary Insurance coverage Company and Robert O. Hampton.
Earlier, in August 2023, Signers acquired Eclipse Threat Insurance coverage Companies and Whittaker Company, each suppliers of insurance coverage to non-profit organisations.
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