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AHM Financial Insurance Unit Is Getted by AssuredPartners in Missouri

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Core Tip: AssuredPartners of Missouri, a subsidiary of insurance brokerage firm AssuredPartners, has acquired all the assets of AHM Financial insurance business for an undisclosed amount. AHM i

AssuredPartners of Missouri, a subsidiary of insurance brokerage firm AssuredPartners, has acquired all the assets of AHM Financial insurance business for an undisclosed amount.

AssuredPartners Acquires AHM Financial Insurance Unit in Missouri

AHM insurance unit, based in St. Louis, offers commercial, personal, and employee benefits insurance for businesses and individuals. AHM Financial has revenues of about $17m.

The deal is one of the largest acquisitions for AssuredPartners in 2013.

As per the terms of the deal, the acquired business will continue to operate as AHM Financial Group. Operations will be based at St. Louis under the leadership of Rich Harkwell and Chase Butler.

About 100 AHM employees will join AssuredPartners of Missouri.

AHM Financial Group president and CEORich Harkwell said, "Our goal is to help clients protect, manage and grow what matters most to them through innovative commercial, personal and employee benefits insurance programs.

"As part of AssuredPartners, we will provide the same level of service and dedication our clients know and expect, while offering beneficial new insurance products and resources."

AHM Financial chairman Stephen J. Hall said, "We are very pleased and excited to be associated with AssuredPartners and we are confident that their support and our local leadership will allow us to expand our client services, grow our client base, and increase our overall presence in the Midwest."

AssuredPartners stated that the acquisition of AHM Financial is its first deal in Missouri, and it will allow the company to establish a presence in the state and strengthen its position in the Midwest.

Image: As per the terms of the deal, the acquired business will continue to operate as AHM Financial Group. Photo courtesy of Stuart Miles/FreeDigitalPhotos.net.

 
Keyword: AssuredPartners
 
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