Inszone Insurance Services acquires CBIA Insurance Agency
Inszone Insurance Services, a US-based provider of personal and commercial lines insurance, has acquired CBIA Insurance Agency, for an undisclosed price.
Founded in 2007, CBIA Insurance Agency is a multifaceted agency, which mainly caters to customers in California.
After the transition, employees of CBIA Insurance Agency will continue operating from their present locations and serve clients under Inszone Insurance.
Norm Hudson – Inszone Insurance CEO said: “The acquisition of CBIA Insurance Agency allows Inszone to strengthen our presence in the state of California.
“We are always looking for acquisitions that allow Inszone to provide our customers with a more well-rounded service offering, and that is exactly what CBIA Insurance Agency brings.”
The acquisition is the 20th for Inszone Insurance Services on the west coast.
The California-based insurance brokerage firm, which provides property and casualty and employee benefits solutions, said that it will look to continue to enlarge its national presence in 2021 through various transactions to be completed and announced in the coming months.