Relation Insurance Products and services, Inc. Kinds New Enterprise Device, Acquires Glick Insurance coverage

“Relation Pick out” designed to assistance tiny professional and particular lines agencies, such as previous Nationwide-special brokers

Relation Insurance Solutions, Inc. (“Relation”) announced right now the development of a new enterprise device, Relation Pick out, to assist its compact industrial and individual traces method, together with long run partnerships with previous unique agents of Nationwide Mutual Insurance Enterprise. Very first to sign up for the Relation Choose family are Michael Glick Company, Inc. and Glick Insurance Team (collectively, “Glick Insurance coverage”). Glick Insurance policies was previously element of Nationwide Mutual Insurance coverage Company’s exceptional distribution product and not too long ago transitioned to an independent agency. Glick gives professional and personal lines coverage answers throughout 20 spots in North Carolina.

“I have invested a terrific deal in constructing my enterprise and putting with each other an amazing workforce,” mentioned Michael Glick, President of Glick Insurance coverage. “Relation is a natural match as a spouse simply because they really don’t want to change that, they want to develop on it. They value our entrepreneurial strategy and will aid it, giving us obtain to more markets and their deep provider relationships. I look ahead to getting an instrumental element of Relation Select’s overall expansion.”

Relation Select will primarily be a residence for Most important Street/modest industrial- and individual lines-targeted firms that companion with Relation, specifically people that were a aspect of Nationwide’s unique distribution product and just lately transitioned to unbiased brokerages. It will supply associate agencies obtain to a assortment of insurance policy alternatives and solutions to guidance existing industrial and personal traces clientele. Relation Pick out will significantly enhance Relation’s present business units and fortify its countrywide existence.

“We’re thrilled with our acquisition of Glick Insurance policy and launching the Relation Choose business enterprise device with Michael and his workforce,” mentioned Tim Hall, Government Vice President and Head of Mergers and Acquisitions for Relation. “We consider Relation Pick will give important growth options to previous Nationwide-special brokers and independent brokers that focus on smaller commercial and particular lines options.”

Glick mentioned other eye-catching added benefits Relation Choose will deliver, like obtain to marketplaces coastline-to-coast with an primarily sturdy presence in the Mid-Atlantic and Southeast regions. Backed by Relation, the new company device will be ready to leverage the wide selection of products, big-quantity acquiring and extended-standing provider interactions of a more substantial agency but with the versatility and nimbleness of a modest enterprise with a extra personal touch.

“We’re thrilled about the Relation Pick out model and the assist and prospects we’re going to be able to give so quite a few businesses,” Relation’s Chief Govt Officer, Joe Tatum, remarked. “We’re searching forward to providing an independent system for organizations who be a part of Relation to produce insurance plan answers built to fulfill the quickly changing requires of their customers.”

About Relation Coverage Companies, Inc.

Relation Insurance coverage Products and services is an insurance policy brokerage that features outstanding chance-management and added benefits-consulting providers by way of its family of makes across the United States. It is ranked by Coverage Journal in the best 35 premier companies in the place by earnings and has close to 585 employees throughout a lot more than 50 destinations nationwide. Relation is a privately held corporation backed by Aquiline Funds Partners, a personal equity firm centered in New York and London investing in businesses globally throughout economic services and technology. Pay a visit to: www.relationinsurance.com for more details.

View source version on businesswire.com: https://www.businesswire.com/news/dwelling/20201103005440/en/

Contacts

Make contact with for Relation Insurance policy Providers, Inc.
Ga Williams
[email protected]
(918) 847-1839

M&A Get in touch with
Tim Corridor, EVP & Head of M&A
Relation Insurance plan Solutions, Inc.
P: 312-714-7279
E: [email protected]