Relation Insurance Continues Expansion with Acquisition of First Insurance

Relation Insurance Continues Expansion with Acquisition of First Insurance
Relation Insurance Services, a US-based insurance broker, has expanded its presence in the USA with the acquisition of First Insurance, an Oklahoma- based affiliate of First Bank; financial details related to the deal, effective 1 April 2024 were not disclosed.

First Insurance offers a variety of products, including commercial and personal insurance alongside more special offerings such as farm, ranch and manufacturing insurance.

Relation offers risk management and benefits consulting services and is actively expanding its offerings, industry expertise and geographical scope.

The company is backed by PE firm Aquiline Capital Partners and has 1350 employees spread across 137 US Locations.

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Tim Hall, CEO of Relation commented: “First Insurance has built an outstanding reputation in their community and Relation is proud to welcome them aboard. Their team brings tremendous long-term relationships as well as deep experience in providing comprehensive insurance solutions to their clients. We are excited to welcome them to our team.”

Dina Wagner, VP of First Insurance added: “Joining Relation enables us to better serve our clients. Relation’s specialised expertise and broad network of carrier relationships truly offer our clients access to the best options for coverage that fits their needs.”

The announcement builds on Relation’s recent acquisition of New York based Elite Insurance Agency who provide a range of products, including employee benefits, commercial insurance, and solutions for high-net-worth individuals.

Relation also recently acquired Texas-based Jones & Lowe Agency, which offers a set of insurance products which target similar industries.

Source: Business Wire

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