Overland Park, Kans.-based Brooke Corporation’s insurance brokerage subsidiary, CJD & Associates, announced the acquisition of Texas All Risk General Agency Inc., of Dallas, Texas.
CJD & Associates President Michael Hess, commented that, “Texas All Risk fits well with our existing operations in Overland Park and Omaha that operate under the Davidson-Babcock trade name.”
Founded in 1983 by Jeffrey Watters, Texas All Risk sells “hard-to-place” property and casualty insurance through a network of independent insurance agencies in Texas and Louisiana.
Hess also noted: “We are especially pleased to acquire Texas All Risk’s management team of Jeffrey Watters and Bruce Hart.”
Watters will continue as general manager. Hart has been an officer of Texas All Risk since 1984 and will continue as operations manager. Watters has 34 year of experience in the insurance industry, and Hart has 23 years of insurance experience.
As a result of this transaction, CJD & Associates acquires the rights to a Web-based Internet agent support and rating program developed by Texas All Risk. Additionally, this acquisition by CJD & Associates expands the number of its insurance company relationships. Perhaps more importantly, CJD & Associates increases premium volume with those insurance companies currently represented by both brokers.
Topics Mergers & Acquisitions Texas
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