Insurance coverage brokerage firm ALKEME has acquired full-service insurance coverage companies Paul Kinan Insurance coverage Group and Wiggins Farha Insurance coverage Group within the US.
The businesses didn’t disclose the monetary particulars of the deal.
Paul Kinan operates from Placentia, California, whereas Wiggins Farha operates from Wichita, Kansas.
Established in 1986, Paul Kinan focuses on providing companies, households and people with property and casualty insurance coverage options.
A Paul Kinan Insurance coverage Group subsidiary, Wiggans Farha serves as an unbiased insurance coverage company working in Kansas and the Midwest areas.
ALKEME CEO Curtis Barton stated: “Paul Kinan Insurance coverage Group and Wiggans Farha add extra industry-leading insurance coverage manufacturers to our rising platform.
“They’ve a tremendous, extremely skilled staff and an method to customer support that matches in completely with the Alkeme tradition.”
Paul Kinan and Greg Locy of Paul Kinan Insurance coverage Group and Wiggans Farha, respectively, stated: “We’re excited to hitch forces with a national-scale accomplice to increase the sources and capabilities of our group.
“Because the insurance coverage {industry} is altering each day, it made excellent sense to reap the benefits of the various advantages we are able to cross alongside to our purchasers by working with ALKEME.”
Primarily based in Ladera Ranch, California, ALKEME gives help for insurance coverage brokerages to develop sustainably by its session, shared companies and advertising.
With assist from GCP Capital Companions, ALKEME presents its prospects varied choices comparable to P&C, advantages, surety, threat and wealth administration.
In Could 2022, the insurance coverage brokerage firm introduced the acquisition of Idaho-based full-service insurance coverage company Infinity Insurance coverage Group.
Infinity Insurance coverage was centered on delivering residence, well being, auto, life and business insurance coverage by way of its community of carriers.
