BXS Insurance Acquires Alexander & Sanders Insurance

Cision PR Newswire | October 09, 2020

BXS Insurance, Inc. A subsidiary of BancorpSouth Bank, has acquired the assets of Alexander & Sanders Insurance Agency, Inc. Alexander & Sanders, headquartered in Baton Rouge, Louisiana, provides risk management and insurance services to professional firms across Louisiana. It was founded in 1958 and is owned by Wyatt Sanders and Justin Sanders. Alexander & Sanders will operate from BXS Insurance's Baton Rouge, Louisiana office. This transaction allows us to add talented leaders and teammates to our team and provides a unique opportunity to enhance our construction practice within Louisiana and across BXS Insurance's footprint," said Markham McKnight, president and CEO of BXS Insurance. We're excited to blend Alexander & Sanders' expertise with ours to provide exceptional services for our clients.

Spotlight

The U.S. economic recession of recent years has touched all Americans, and the working middle class has been especially hard hit. The market is healing, yet job prospects remain limited, wages are idle, and savings, investments and home values are low. In this environment, consumers have had to reconsider their definition of financial security. Some have changed their behaviors to spend less, pay off debts and build emergency savings. Yet many more millions are missing out on true financial security because they don’t have enough if any life insurance protection.


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CORE INSURANCE

Inszone Insurance Services Acquires Pacific Redwood Insurance Agency in Pacifica, CA

Inszone | January 15, 2022

Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced the acquisition of Pacific Redwood Insurance. Pacific Redwood Insurance Agency was incorporated in 2002 under the direction of agent Lynne Fried. The agency grew organically through the years, with a focus on providing first-class service to both personal and commercial insurance customers. Pacific Redwood Insurance Agency customers will continue to receive the service they are accustomed to under the Inszone Insurance brand. “Pacific Redwood Insurance Agency has done phenomenal work connecting and growing locally, We are looking to build and connect Pacific Redwood customers to our expanding network in California and provide them with expanded resources to better serve their needs.” -Norm Hudson, CEO of Inszone Insurance The acquisition continues Inszone Insurance Services rapid growth within its home state of California as the company continues to broaden its national footprint and continues its steady growth trajectory. A number of important transactions will be completed and announced in the upcoming months. About Inszone: Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 26 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.

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CORE INSURANCE

Freeway Insurance Expands Partnership with Trackhouse & Daniel Suárez for 2022 NASCAR Season

Freeway Insurance | February 04, 2022

Freeway Insurance, the largest auto insurance and personal lines distribution company in the United States, announced today it is expanding its sponsorship with Trackhouse Racing and NASCAR driver Daniel Suárez. Freeway Insurance began its partnership with Trackhouse Racing as a primary sponsor during the racing organization's inaugural season in 2021. As part of this continued partnership, Freeway Insurance will be the primary sponsor of Suárez for five events during the 2022 NASCAR Cup Series. "We are proud to continue our relationships with Trackhouse Racing and Daniel Suárez, and have enjoyed joining them on their journey to expand NASCAR's fan base. NASCAR fans, whether lifetime fans or new this year, are an ideal audience for our products and services, We are also inspired by Daniel's personal story as the first Mexican champion in NASCAR and are thrilled to work with Daniel as a trusted ambassador of our brand." -Cesar Soriano, Chief Executive Officer of Freeway Insurance. A Monterrey, Mexico native, Suárez became the first and only foreign-born national series champion in NASCAR history following his 2016 Xfinity Series title. Last year, Freeway Insurance centered a national advertising campaign around Suárez, including the only Spanish-language commercial featuring a NASCAR driver. This season, Freeway Insurance will serve as primary sponsor on Suarez's No. 99 Chevrolet Camaro at the Clash at the Coliseum in Los Angeles on Sunday, Auto Club Speedway in Fontana, California on Feb. 27, the All-Star Race at Texas Motor Speedway in Fort Worth on May 22, Atlanta Motor Speedway on July 10, and Daytona International Speedway on Aug. 27. For the remaining races, Freeway Insurance logos will adorn the c-post on the No. 99 Chevrolet, team uniforms, team transporter and pit equipment, as well as Suárez's uniform and helmet. Freeway Insurance joins Trackhouse Racing's family of corporate partners that include AdventHealth, Chevrolet, CommScope, Coca-Cola, iFLY, K1Speed, Moose Fraternity and Tootsie's. About Freeway Insurance: Freeway Insurance, Inc., established in 1987, is the leading personal lines insurance agency in the United States, and is an affiliate brand of Confie. As also one of the fastest-growing nationwide insurance distribution companies, Freeway offers insurance policies via a "click, call, or come-in" approach that provides customers coverage throughout the United States. The company is constantly researching, growing and diversifying product offerings to stay responsive to the ever-evolving insurance market. Freeway offers a wide range of plans, from the most basic to premium plans, in auto, truck, commercial vehicle, fire, flood, homeowners, renters, small commercial, motorcycle and recreational vehicle insurance products. In 2008, Freeway Insurance joined Confie, a national insurance distribution company. Today, Freeway Insurance services customers in more than 500 offices.

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CORE INSURANCE

Acclaimed Central Coast Insurance Agency, Morris & Garritano, Expands its Reach to Serve Orange County and San Diego Clients

Morris & Garritano Insurance Agency | December 22, 2021

Morris & Garritano Insurance has a longstanding legacy of more than 135 years insuring and protecting many of the region's most valuable businesses. A four-time winner of Insurance Journal's Best Agency to Work For as well as being named the 2021 "Large Business of the Year" by the Santa Maria Chamber of Commerce, the agency is routinely recognized for its incredible service, culture, and advocacy, particularly during these last few difficult years. The company's longtime headquarters is based in San Luis Obispo, but the agency is rapidly expanding its service and presence into neighboring regions. Providing coverage for businesses of all sizes, Morris & Garritano goes above and beyond offering personalized education and advocacy for their clients regarding commercial coverages, employee benefits, workers' compensation, human resources, and compliance services. "We are really proud of the work we do here at Morris & Garritano,To us, providing insurance coverage is protecting what matters most. We do that for our clients through building meaningful relationships, being a trusted advisor and a fierce advocate in their time of need." When asked about the agency's goals moving forward, he says, "We are passionate about supporting the communities we serve and through that we are thrilled about the opportunities this expansion into Southern California holds. We look forward to further developing connections with the region's best and brightest." -CEO Brendan Morris. Longtime commercial advisor, Mark Anelli, is heading up Morris & Garritano's expansion into Orange County and the surrounding territory. Relocating to head up the company's efforts, Anelli will lead the agency's presence and client services in the region, building relationships with clients and local businesses. "I'm looking forward to connecting with clients and extending Morris & Garritano's exceptional service to the valuable businesses of Orange County. Our goal isn't just to generate clients but to build genuine relationships," Anelli says. "The opportunity to serve San Diego County as an Employee Benefits Advisor representing Morris & Garritano Insurance is very exciting for me, Becoming a trusted advisor for clients is something I am very passionate about. Developing meaningful relationships is certainly the highest priority for me, but it is clear that it is a high priority for the people of San Diego as well. I am excited to see Morris & Garritano grow with San Diego, and to see the community of San Diego grow with us." -Benefits Advisor Daniel Miller With this growth and development, businesses in Southern California will have increased access to the service and resources offered by Morris & Garritano allowing for premium employee benefits brokerage as well as stronger, comprehensive, and more competitive commercial insurance to better protect their assets and advocate for their employees. About Morris & Garritano: Founded in 1885, Morris & Garritano is an independent, full-service insurance agency focusing on business insurance, workers' compensation, employee benefits, personal lines, surety, and life insurance. This includes services in the areas of loss control, compliance, claims management, and human resources.

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HEALTH INSURANCE

AXA XL announces new leadership for Specialty Niche insurance business in the Americas

AXA XL | January 10, 2022

AXA XL Insurance has promoted Maria Duhart to lead its Specialty Niche insurance business in the Americas. Ms. Duhart steps into the role of Chief Underwriting Officer for Specialty Niche from her previous role as head of AXA XL's Commercial Bonds business. In her new role, Ms. Duhart reports to Donna Nadeau, Chief Underwriting Officer for the Americas and assumes multi-line underwriting management responsibility of AXA XL's collective Specialty Niche insurance lines in the Americas which includes Political Risk, Trade Credit and Commercial Bonds; War, Terrorism and Political Violence; Fine Art & Specie, Leisure and Entertainment and Structured Risk Solutions. "Since joining us in 2017, Maria has led our Commercial Bond business, impressively growing this business and building a talented underwriting team. With more than 20 years of insurance, business strategy and finance experience, Maria is well prepared for her new responsibilities, already having a strong grasp of our specialty lines businesses and the respect of our brokers, reinsurers, and colleagues." -Ms. Nadeau Before joining AXA XL, Ms. Duhart served as Head of Commercial Surety at Nationwide. She also previously held the roles of Regional Commercial Surety Manager, Assistant Vice President – Surety and Senior Surety Underwriting Specialist at Chubb. She is a graduate from the Catholic University of Argentina and holds a Master's in Business Administration from New York University.

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Spotlight

The U.S. economic recession of recent years has touched all Americans, and the working middle class has been especially hard hit. The market is healing, yet job prospects remain limited, wages are idle, and savings, investments and home values are low. In this environment, consumers have had to reconsider their definition of financial security. Some have changed their behaviors to spend less, pay off debts and build emergency savings. Yet many more millions are missing out on true financial security because they don’t have enough if any life insurance protection.

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