Prime Risk Partners announces acquisition of Old National Insurance.
Global Banking News-May 3, 2016--Prime Risk Partners announces acquisition of Old National Insurance
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Global Banking News - 03 May 2016
Prime Risk Partners Inc has said that it has entered into an agreement to acquire Old National Insurance (ONI), an independent insurance agency in the Midwest.
Under the agreement, ONI will operate under the name ONI Risk Partners and will retain all of its offices. The ONI leadership team and employees will continue in their current roles. Prime Risk Partners will also acquire ONI subsidiaries, JWF Specialty Co. and Employee Plans Llc. Subject to customary closing conditions, the transaction is expected to close by the end of the second quarter of 2016. The acquisition of ONI is intended to provide a strong regional insurance brokerage platform for the company to expand its footprints in the Midwest.
'We are extremely excited to partner with Tom Flynn and his team to grow the ONI platform,' said Bret Quigley, chairman and CEO of Prime Risk Partners. 'ONI is known for excellence when it comes to insurance distribution, claims management, and specialty services - both in the Midwest as well as nationally. We welcome the ONI staff and clients to the Prime Risk Partners team.'
Headquartered in Atlanta, Georgia, Prime Risk Partners provides a national insurance distribution platform through acquisitions, hires, and operations.
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