Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas.
Terms of the deal were not disclosed.
Joe Max Green, chairman of JMG/IC Insurance Agency, said the agency will be able to expand its services to its customers and remain competitive.
JMG/IC was founded in 1962 and has written premiums of more than $100 million. The agency operates in Itasca, Ill.; and in Houston, Livingston, Tyler, Henderson and Athens in Texas.
The agency’s major lines of business include, commercial, group, personal, surety, life and health insurance products.
BancorpSouth Bank is a wholly owned subsidiary of BancorpSouth Inc. with $13.2 billion in assets. It is headquartered in Tupelo, Miss., with branches in Alabama, Arkansas, Florida, Louisiana, Missouri, Tennessee and Texas.
On the Net:
BancorpSouth, http://www.bancorpsouth.com
Was this article valuable?
Here are more articles you may enjoy.
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB 
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC 
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year 
