View this article online: https://www.insurancejournal.com/news/southcentral/2009/09/04/103537.htm
Dallas, Texas-based McQueary Henry Bowles Troy L.L.P (MHBT), one of the largest privately owned insurance and risk management firms in the U.S, and the Texas division of Holmes Murphy & Associates, will merge to form a new identity known as
MHBT Holmes Murphy. The planned merger is expected to take effect on January 1, 2010.
“Holmes Murphy’s Texas division brings a significant expertise in employee benefits issues and experience with the creation of captive insurance entities, which in combination with MHBT’s strong focus on risk management, property and casualty insurance and our own employee benefits expertise, will position the merged entity as one of the strongest players in the industry,” said Bill Henry, chairman and CEO of MHBT.
The planned merged entity will be one of the largest independent risk management and insurance firms in Texas, with more than 280 employees statewide. MHBT currently has over 200 employees across its Texas offices, and the Texas division of Holmes Murphy includes 80 employees.
Bill Henry will be the chairman and CEO of the merged entity, and Den Bishop, current president of Holmes Murphy Texas, will be president of the merged entity’s employee benefits division. The current executive leadership team in the Office of the President at MHBT will remain the same, including Carla Sans as chief operating officer and Dan Browning as executive vice president.
Included in the planned merger are MHBT’s Dallas, Fort Worth and Austin offices, as well as the Texas division of Holmes Murphy. No other U.S. offices of Holmes Murphy will be part of the merger.
Source: MHBT,
www.mhbt.com
Holmes Murphy & Associates,
www.holmesmurphy.com