Frost Insurance Agency Inc., the insurance subsidiary of Frost, has acquired Clark Benefit Group, an independent San Antonio-based insurance agency that specializes in providing employee benefits to small and mid-size businesses. The acquisition was effective May 1, 2011.
Making the announcement were Bruce Burdett, president of Frost Insurance, and Justin Clark, president of Clark Benefit Group.
Founded in 1986 by Dave Clark, Clark Benefit Group has been serving the San Antonio community with employee benefit programs and services for businesses and individuals. The agency and its three employees will relocate to the San Antonio offices of Frost Insurance at 3611 Paesanos Parkway.
Clark Benefit Group Inc. is the 11th acquisition made by Frost Insurance.
Founded in 1868, Frost is the banking operation of Cullen/Frost Bankers Inc., a financial holding company with $17.9 billion in assets at March 31, 2011, headquartered in San Antonio, with more than 110 financial centers across Texas.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance 
Billionaire Ellison Is Moving Oracle to Nashville From Texas 
Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse 
