Kent, Wash.-based Bell-Anderson Agency Inc., a regional insurance brokerage, has acquired Pacific Insurance of Spokane, Washi. Terms of the deal were not disclosed.
Jim Hunt, president and CEO, said, “the acquisition of Pacific Insurance complements our existing book of business in Spokane and fulfills a continuing promise to grow our agency throughout the Great Northwest. Bell-Anderson gains greater market share with key insurers and in return, the employees and clients of Pacific gain access to greater resources through Bell-Anderson’s extensive marketing reach and claims expertise.”
Hunt said his company will continue to pursue acquisition opportunities as they become available. ” Bell-Anderson is strongly committed to remaining a vibrant, locally-owned and independent insurance agency,” he said.
Bell-Anderson Agency was formed in 1929 and has offices throughout Washington state.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
