Insurance brokerage Inszone Insurance Services, offering property and casualty insurance and employee benefits services, has acquired Nugent Insurance Brokers.
Founded by Valerie and Tom Nugent Jr., Nugent Insurance Brokers provides personalised commercial insurance solutions.
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The family’s roots in the insurance industry date back to Tom Nugent Sr., who began his career in the 1970s with Newport Pacific Insurance.
After his passing in 1984, Valerie and Tom Jr. continued to build on the family legacy.
In 2002, the team relocated to Chico, California, and rebranded as Nugent Insurance Brokers, bringing along a client base.
Valerie and Tom Jr.’s daughter, Marissa, will continue working at Inszone.
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By GlobalDataValerie Nugent said: “I was drawn to the fact that Inszone is a large company that operates locally like a smaller family-oriented business, and we were impressed by their commitment to customer service and market expansion.
“We’ve always treated our clients like family, and I’m confident that Inszone shares our values. This partnership will ensure that our clients continue to receive the same excellent service they’ve come to expect, while also offering them expanded insurance options.”
With this deal, Nugent Insurance is set to venture into personal lines, benefitting from access to Inszone’s markets and services.
This deal also bolsters Inszone’s foothold in the commercial insurance sector and allows Nugent Insurance Brokers to broaden its offerings through Inszone’s network of carriers.
Inszone Insurance Services CEO Chris Walters said: “The Nugent family has built a remarkable legacy over the past several decades, and we’re honoured to carry that forward.
“We look forward to expanding the options available to their clients while maintaining the personal touch that has been the hallmark of their business.”
The latest deal continues Sacramento, California-based Inszone’s buying spree.
In October 2024, the company acquired Albert C. Simonds & Co. Insurance Services, expanding its capabilities in the healthcare and emerging technology segments.
Inszone currently operates 72 locations across California, Colorado, Idaho, Illinois, Indiana and Kansas The company also operates in Michigan, Missouri, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington, with plans for further expansion across the US.
