California-based brokerage Inszone Insurance Services has acquired Kouri & Associates, an insurance agency based in Sioux Falls, South Dakota, US.
Financial details of the transaction were not disclosed.
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This move is said to bolster Inszone’s reach in the Midwest and offer Kouri & Associates’ clients “enhanced” services as well as resources.
Kouri & Associates has a history dating back to 1970 when the Kouri family forayed into the insurance business.
By 1977, the agency transitioned into an independent entity, offering personal lines and select commercial coverage for small businesses.
Bryan Kouri, who has been heading the agency since 1990, has expanded the offerings to include homeowners, auto, life and commercial policies.
With the acquisition, Bryan Kouri and his partner Sheldon Koski, alongside their team, will continue to operate from their Sioux Falls-area office under the Inszone umbrella.
The deal will offer its clients access to Inszone’s carrier network and insurance expertise.
Kouri & Associates president Bryan Kouri said: “The first conversations we had with Inszone were refreshing. They are real people who share our vision of ensuring clients are well taken care of for the long term. We wanted to expand our services, provide continuity for the future and give our clients an even broader range of coverage options. With Inszone, we have found the perfect fit.”
Inszone CEO Chris Walters stated: “Kouri & Associates has built an impressive track record in both personal lines and commercial insurance. Their family rooted approach and commitment to honest conversations match how we have grown our own business. We are excited to work together to broaden their offerings.”
Last month, Inszone acquired Texas Classic Insurance Agency, strengthening its position in the personal lines insurance sector.
Texas Classic Insurance Agency, established in 1991, has offices in Granbury and Liberty Hill, Texas.
