Frost Insurance announced it has acquired Prime Benefits Inc., an independent Austin, Texas-based insurance agency that specializes in employee benefits, effective Dec. 1.
Prime Benefits offers group employee benefits plans – including medical and dental, life, long-term care and disability insurance -primarily for businesses. Each of the Prime Benefits partners, Lee Cameron and Jack Joyce, has more than 20 years of experience in employee benefits. The company and its ten employees will be fully integrated into Frost Insurance and plan to move to the Frost Insurance offices in the Frost Bank Tower in Austin in December.
Prime Benefits Inc. is the eighth acquisition made by Frost Insurance. Earlier acquisitions include: Professional Insurance Agents Inc. in 1999; Houston-based Wayland Hancock Insurance Agency Inc. in 2000; Austin-based Nieman Hanks Puryear and Nieman Hanks Puryear Benefits in 2000; Fort Worth-based AIS Insurance and Risk Management in 2001, Victoria-based Jentsch Financial Group in 2002; Fort-Worth-based Brokers Insurance Designs in 2003; and Dallas-based The Sammons Group in 2004.
Founded in 1868, Frost is one of the largest Texas-based banking organizations, with a legacy of helping Texans with their financial needs during three centuries.
Source: Frost Insurance
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