National Insurance Agency of Simpsonville provides life and occupational disability insurance to professional associations throughout the state of Kentucky.
BOSTON–(BUSINESS WIRE)–One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, today announced the acquisition of National Insurance Agency of Simpsonville, a Kentucky based insurance broker that provides life and occupational disability insurance to professional associations. Terms of the deal were not disclosed.
For over 60 years, National Insurance Agency of Simpsonville (NIA) has provided unique life and disability insurance products to thousands of attorneys, certified public accountants, dentists and physicians throughout the state of Kentucky as well as Arkansas. NIA offers insurance solutions that are not available through the standard market, addressing disability income concerns, participation limits, underwriting restrictions, and post-term life insurance renewals.
“The affinity space continues to see accelerated activity throughout the United States, and with that, One80 identified the opportunity to leverage its leading operational structure and technology platform to effectively service this market segment,” said David Selman, Managing Director, One80 Intermediaries. “The acquisition of National Insurance Agency of Simpsonville is One80’s third acquisition in this space, establishing One80 as a dominant affinity business service provider in the United States,” he continued.
“We are excited to join One80 Intermediaries where we will partner with Pearl Insurance and SelmanCo; leading affinity businesses who have also been acquired by the One80 organization within the past eight months. I am confident that this strategic alliance will allow us to best service new and existing clients, while providing the team with additional growth opportunities within an entrepreneurial and service-oriented culture,” said Woodford Long, Managing Director at National Insurance Agency of Simpsonville, a division of One80 Intermediaries.
About One80 Intermediaries:
One80 Intermediaries is a privately held firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, the company offers placement services and binding authority for property & casualty, professional and personal lines, life insurance, and travel/accident and health coverages. One80 specializes in key industry verticals such as medical stop loss, cannabis captives, alternative risk, warranty coverage and lender-based insurance. One80 serves commercial companies, non-profits, public entities, individuals and associations and unions, and has access to all major insurance markets in the US, Canada and UK. One80 has offices in more than 40 locations in the US and Canada. For more information visit www.one80intermediaries.com
Lenika P. Milne