First Mid Insurance Group (FMIG) announce its acquisition of Downs Insurance Agency in Decatur, Illinois. The transaction closed on January 12, 2026.
The acquisition supports FMIG’s continued growth strategy across central Illinois and expands its presence in the Decatur market. Downs brings complementary expertise in small commercial and personal lines, further enhancing FMIG’s ability to serve clients throughout the region.
Clay Dean, Chief Executive Officer of First Mid Insurance Group, stated, “The addition of Brian Phipps and his team at Downs Insurance adds depth of expertise in our small commercial insurance vertical and strengthens our market presence in Decatur. Their experience and client-focused approach align well with our commitment to delivering high-quality insurance solutions.”
All employees of Downs Insurance will join First Mid Insurance Group.
Topics Mergers & Acquisitions Illinois
Was this article valuable?
Here are more articles you may enjoy.
Lawsuit Alleges Microbetting Product by DraftKings, FanDuel, NFL Leads to Addiction 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
