Delaware Agent Groups Closer to Merger; Members to Vote April 18

April 5, 2007

The boards of directors for the Insurance Agents & Brokers of Delaware (IA&B of DE) and the Independent Insurance Agents of Delaware, Inc. (IIAD) have unanimously voted to approve the plan for merger of their associations, the second of three steps to make merger a reality.

The new organization, to be named the Delaware Association of Insurance Agents & Brokers, will maintain affiliations with both the Independent Insurance Agents & Brokers of America (IIABA) and the National Association of Professional Insurance Agents (PIA National).

The two property and casualty insurance associations had previously announced their intent to merge in December.

“We are pleased that the merger is going through so smoothly and quickly,” said IIAD President Jeff Good. “Members from both organizations had been asking for a single organization for some time and today we are pleased to announce that we have come one giant step forward in making that possible.”

“The new organization will better serve independent property and casualty agents throughout the state,” said IA&B of Delaware Chairman Kevin Nemith. “Both organizations have been working on the due diligence process for some time and there is one final step before the new organization becomes official – a vote from the membership.”

The memberships of both organizations are scheduled for a vote on April 18. Upon a favorable membership vote, the new organization will become effective as of May 1.

Source: Insurance Agents & Brokers of Delaware and
Independent Insurance Agents of Delaware

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