Independent agencies Peel & Holland, Riddle Insurance announce merger

Peel & Holland | February 04, 2020

Independent agencies Peel & Holland, Riddle Insurance announce merger
Peel & Holland Insurance has merged with Madisonville, KY-based Riddle Insurance and its subsidiary, R. Barga and Company Insurance in Benton, KY. The independent insurance agencies all offer business P&C insurance, surety and bonding, family insurance, and employee benefit plans, as well as workplace wellness programs. A release noted that the merger – which was finalized at the start of 2020 – combines teams totaling 83 employees in seven regional office locations across Western Kentucky. Each of the units will continue to function as independent insurance agencies, maintaining access to multiple carriers. “Our companies are built on very similar legacies totaling 198 years of service. We have seen many changes, but this opportunity to unite is one of the most exciting ever,” commented Peel & Holland president Roy Riley.

Spotlight

Today, insurers around the world face a common challenge to grow the business while remaining profitable. Uncertain economic conditions, regulatory pressures, operational inefficiencies, and the need for improved transparency and risk management only add to the complexity of this task. For health insurers to remain viable in this era of complex regulatory mandates and healthcare exchanges, they must review all areas of their plan to seek efficiency improvements and optimize processes to drive down costs. It is no longer an option to sit on the sidelines. Health insurers must automate and streamline to succeed.

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