Euclid Insurance Acquires Illinois American Insurance Agency

Euclid Insurance Services, Inc., has acquired Park Ridge, Ill.-based The American Insurance Agency, Inc., a retail insurance agency offering commercial property/casualty, employee benefits and personal lines insurance services to clients throughout the Midwest.

The American Insurance Agency specializes in providing insurance products and risk management services to the manufacturing, wholesale, retail, construction and professional services industries. The acquisition further strengthens Euclid’s presence in those sectors while adding to Euclid’s growing personal lines client base. American Insurance Agency Chairman Roger Hackett and President Robert McDonnell and their associates have relocated to Euclid’s offices in Itasca, Ill.

With the additional risk management, loss control and claim services offered by Euclid’s commercial lines division, existing American Insurance Agency customers can expect a greater depth of available services focusing on their specific needs, the company release said. Euclid and American have the capacity now to place business with most major insurance companies underwriting middle-market commercial risks.

Source: Euclid Insurance Services, Inc.