Earlier this month, Inszone Insurance acquired a New Mexico-based insurance agency. Credit: pichetw via Shutterstock.

US-based intermediary Inszone Insurance Services is continuing its acquisition spree with the purchase of Speck Insurance and Financial Services.

The companies did not disclose the financial terms of the transaction.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Set up in 2001 by Sheree Covington Speck, Speck Insurance and Financial Services is a commercial and personal insurance agency.

The deal, which includes all the operations of the acquired company, is expected to bolster Inszone Insurance’s presence in Texas.

The insurer said that the deal will enable it to offer a wider range of insurance to its customers in the region.

Inszone Insurance’s regional office will now serve as the operating base for Speck Insurance and Financial Services.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Inszone Insurance CEO Chris Walters said: “Acquiring Speck Insurance and Financial Services PLLC is a great opportunity for Inszone Insurance.

“Sheree and her team have a long-standing history of serving their clients with the highest level of care, and we are excited to continue that tradition as part of Inszone Insurance. We look forward to expanding our presence in Texas and offering our clients an even broader range of insurance options.”

Inszone Insurance was founded in 2002 and provides employee benefits insurance, as well as a full-service insurance brokerage for the property and casualty market.

The insurance broker currently operates in 42 locations across the US, with plans to further expand operations.

Earlier this month, Inszone Insurance acquired New Mexico-based insurance agency Jackson Insurance Solutions.

Set up in 2010, Jackson Insurance Solutions is focused on offering affordable and efficient solutions to businesses and individuals in the Albuquerque region of New Mexico.

In May this year, Inszone Insurance bought Citizens General Insurance Brokers for an undisclosed sum.

Citizens General Insurance Brokers is engaged in providing customised offerings to its clients in the small business and construction sectors.