Relation Insurance Services acquires the assets of Insurance Broker Services

Transaction Strengthens Relation’s Presence in California and Further Expands Relation’s Offerings in the West

WALNUT CREEK, Calif., August 16, 2022–(BUSINESS WIRE)–Relation Insurance Services (“Relation”), one of the largest and fastest growing national insurance agencies, today announced the acquisition of the assets of Innovative Broker California-based services. Terms of the transaction were not disclosed.

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Relation Insurance Acquires Innovative Brokerage Services (Graphic: Business Wire)

Innovative Broker Services provides comprehensive benefits solutions to clients in California and is headquartered in Folsom, CA. Tom Avery will continue to lead Innovative Broker Services under Relation going forward.

“We are delighted to welcome Tom Avery and his team to Relation,” said Tim Hall, executive vice president and head of mergers and acquisitions at Relation. “Innovative Broker Services brings additional expertise and depth to our existing footprint in the California market and we are thrilled to have them.”

About Relationship Assurance Services

Relation Insurance Services is an insurance brokerage firm that provides superior risk management and benefits consulting services across the United States. It is ranked by Insurance Journal as one of the nation’s 35 largest agencies by revenue and has approximately 1,200 employees in more than 125 locations nationwide. Relation is privately backed by Aquiline Capital Partners, a New York and London-based private equity firm that invests in financial services and technology companies around the world. Visit www.relationassurance.com for more information.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220816005102/en/

contacts

CONTACT US
Tim Hall, Executive Vice President and Head of Mergers & Acquisitions
Relationship Assurance Services, Inc.
Such. : 312-714-7279
Email: [email protected]

Contact for Relationship Insurance Services, Inc.
georgia williams
[email protected]
(219) 741-9539