Business Moves

East

One80 Intermediaries, GMI Insurance

One80 Intermediaries, a specialty insurance broker headquartered in Boston, has acquired GMI Insurance, a Pennsylvania-based managing general agent specializing in commercial transportation and related insurance.

Established in 1980, GMI Insurance initially focused on auto rental coverage and diversified its offerings to include a monoline business auto program over 20 years ago. The program targets contractors, artisans, building supply dealers, retailers, manufacturers and wholesale distributors. In subsequent years, GMI added workers’ compensation, cannabis transport, general liability, auto rental fleet and contingent auto lease programs to their portfolio.

One80 Intermediaries is a privately held firm with offices throughout the U.S. and Canada.

Midwest

Signers National, Whittaker Agency

Signers National acquired Whittaker Agency, which will be run under Lamb Insurance Services, a member company and retail agency in the Signers National family of businesses.

Whittaker is led by Danny Whittaker in Rockford, Illinois.

Whittaker offers leading expertise and coverage insuring churches and religious organizations in Illinois and some surrounding states.

Southeast

Tenco Services, James C. Greene

Nashville-based Tenco Services Inc., a multi-line claims adjusting firm in six Southeastern states, plans to acquire the James C. Greene adjusting company in Raleigh, North Carolina.

Greene has offices in North and South Carolina and also has a presence in Georgia and Virginia. Both firms are family run and are two of the oldest independent adjusting firms in the South. Greene began in 1932 and Tenco has been operating since 1947.

The combined firm will have more than 75 adjusters.

Oakbridge Insurance Agency, Cole Agency

Oakbridge Insurance Agency has expanded with the acquisition of the Cole Agency in Montezuma, Georgia.

Cole has specialized in poultry insurance since 1989 but also offers coverage plans for others in agribusiness, including policies for construction, equipment, vehicles and general liability. Kevin Cole is co-owner. The agency will maintain its office in Montezuma.

Oakbridge, also based in Georgia, was founded in 2020.

West

Towerstone, Fortuna General Insurance

Towerstone acquired Fortuna General Insurance in Simi Valley, California.

The partnership allows the company to take advantage of Fortuna’s wide array of carrier and broker relationships and its expertise in the property insurance market. Fortuna will operate as Fortuna General Insurance Agency, a Towerstone company.

Fortuna is a privately owned independent insurance wholesaler. Its eight team members specialize in preferred and hard-to-place property risks including apartment complexes, lessor’s risk and residential condos.

Towerstone is a Dallas-based wholesale insurance brokerage and subsidiary of IMA Financial Group.

Gibson, Brisk Advisors

Indiana-based insurance group, Gibson, has entered Utah through its acquisition of Brisk Advisors.

Gibson’s new Utah office is in Midvale.

Brisk Advisors (formerly Insurance Network) has provided risk management and personal insurance solutions to clients for more than 50 years.

Gibson is a team of risk management and employee benefits professionals with offices in Arizona, Illinois, Indiana, Michigan and Utah.

Signers National, Eclipse Risk Insurance Service

Signers National acquired the nonprofit insurance company, Eclipse Risk Insurance Services, in California.

Signers National also acquired the nonprofit insurance firm Whittaker Agency in Illinois.

The two new businesses will be run under Lamb Insurance Services, a member company and retail agency in the Signers National family of businesses.

Eclipse Risk Insurance Services is a nonprofit and human services insurance provider based in California. It specializes in the home health space and offers coverage for businesses on the West Coast.

Eclipse Risk Insurance Services is led by Frank McDermott, who will continue to lead the group’s operations as a member of the Lamb Insurance team.

Signers National is a group of insurance companies serving clients across the U.S.

Topics California Georgia Illinois