Texas Security General Insurance Agency LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Loving and Etheredge Inc. d/b/a Texas Commercial Insurance Facilities (TCIF) and its affiliate, Arkansas Insurance Facilities Inc. (AIF).
TCIF was founded in 1990 by Don Etheredge and Harold Loving and serves as a managing general agent (MGA) for Texas retail insurance agents placing commercial and personal surplus lines property/casualty business. AIF provides similar services for retail agents in Arkansas. Together, they have annual revenues of approximately $2 million.
Following the acquisition, the TCIF and AIF teams will join Brown & Brown’s Wholesale Brokerage Division as branch locations of Texas Security General Insurance Agency and will report to Tom Contreras, president of Texas Security General Agency.
Brown & Brown is based in Daytona Beach, Florida.
Source: Brown & Brown Inc.
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