Old National Bancorp Purchases J.W.F. Insurance Cos.

Old National Bancorp has acquired J.W.F. Insurance Companies Inc., which does business as the J.W. Flynn Company, and J.W.F. Specialty Company Inc., a related alternative risk services company.

Headquartered in Indianapolis, the J.W.F. Insurance Companies are one of the largest risk management, insurance brokerage and third-party administrators in the central Indiana marketplace. The acquisition places Old National as one of the largest insurance brokerage operations throughout Indiana.

The acquisition will reportedly boast ONB Insurance’s annual revenue to approximately $43 million.

With $8.8 billion in assets, Old National Bancorp is the largest financial services holding company headquartered in Indiana.