IMS Insurance Market Solutions has acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in the Southwest.
“This combination brings together over 1500 agency producers and provides them with access to more than 50 brokerage markets and 10 domestic and Lloyds’ binding facilities,” says IMS President Larry Mennes.
IMS was founded in 2005 by Larry Mennes and Stephen Vallender. London American was founded in 1984 and has offices in Houston and Dallas. Current owner, Brady Carruth will still be involved with IMS/LondonAmerican as director and equity participant.
According to Mennes, the combination of the two organizations will provide critical mass in the marketplace, enhance the agents’ marketing abilities and add additional experience and expertise to the underwriting and brokerage partners.
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