Relation Insurance Services acquires Insley Insurance and Financial Services
Relation Insurance Services, an insurance brokerage backed by Aquiline Capital Partners, has acquired the assets of Insley Insurance and Financial Services based in Delaware.
The financial terms of the deal were not revealed.
Insley Insurance and Financial Services, which is located in Newark, is an independent agency that offers business, life, personal, health, and financial products to clients across Delaware and the surrounding areas
The company has been operating for almost 35 years.
Tim Hall — Executive Vice President and Head of Mergers and Acquisitions for Relation Insurance Services said: “Insley Insurance is a great fit strategically for Relation and we are excited that they have joined Relation.
“The Insley family has built a tremendous firm and they will be instrumental in further growing our presence in the Mid-Atlantic region and our position in the market.”
Harry Insley, Jr., the president of Insley Insurance and Financial Services and his team will join Relation Insurance Services and continue operating out of the Newark office.
Harry Insley, Jr. said: “Relation’s has a strong reputation in the industry, and we’re excited to join a growing firm. Relation’s dedication to our marketplace, access to carriers, and operational and support will further drive our growth.”
Recently, Relation Insurance Services had acquired the assets of South Carolina-based Pitts Insurance Team.