American insurance brokerage Inszone Insurance Services has further strengthened its national footprint with the purchase of Esquire Insurance, which is based in Denver, Colorado.
Financial terms of the deal remain undisclosed.
Go deeper with GlobalData
Set up in 2007 by Brian Cook and Scott Ligouri, and joined by John R Thomas in January 2021, Esquire Insurance conducts business under the name Loft & Co.
The company operates physical locations in three states.
Initially concentrating on personal lines insurance, Loft & Co, under the guidance of John R Thomas, has branched out into commercial lines. The firm has developed a division dedicated to high-net-worth clients, offering substantial umbrella policies.
The company’s Coverage Link product enables collaboration with credit unions and financial institutions to provide co-branded insurance solutions and revenue-sharing opportunities.
The deal is said to help Loft & Co’s clients gain access to a wider array of insurance carriers and resources.
Clients are assured of a smooth transition and the continued provision of customised insurance solutions.
Inszone CEO Chris Walters stated: “Brian, Scott, and their team have built an innovative agency with a strong commitment to client service and technological advancement. Their approach aligns with our vision for the future, and we look forward to combining our resources to enhance service offerings and continue driving growth.”
Loft & Co co-founder Brian Cook said: “After navigating the rapidly changing landscape of the independent insurance industry over the past few years, we recognised the need to align with a partner who could provide the resources necessary for continued growth. Inszone has built what we were striving for, and their layered approach and appetite for the market align with our vision.”
Earlier this month, Inszone expanded its group benefits capabilities through the acquisition of Get Benefits Insurance Services, headquartered in Ventura County, California.
