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AssuredPartners acquires Michigan’s Daly Merritt Insurance

Insurance brokerage firm AssuredPartners has acquired the US-based Daly Merritt Insurance for an undisclosed sum.

IBR

Based in Wyandotte of Michigan, Daly Merritt Insurance provides business, personal and high-net worth insurance solutions to its customers.

The agency’s 55 employees will continue to work under the leadership of its president and CEO Martin Daly and general counsel Joseph Daly.

Martin Daly said: "Daly Merritt has a history of delivering high quality service and customized insurance solutions to every client served.

"This level of service dates back to our founding in 1928 and will continue on with our newfound relationship with AssuredPartners."

AssuredPartners president and COO Tom Riley said: "We are continually in search of partners like that of the Daly Merritt Insurance team, this group of individuals really values a high level of client satisfaction that we adhere to."

In March, AssuredPartners also acquired California-based ELM Insurance Brokers and Texas-based Pat Moore Insurance Services.

ELM Insurance Brokers is a liability wholesale insurer that serves insurance agents, while Pat Moore Insurance Services is a wholesaler that serves independent insurance agent clients.

With around $585m annualized revenue, AssuredPartners has acquired around 130 insurance agencies, since 2011.


Image: AssuredPartners has acquired US-based Daly Merritt Insurance. Photo: courtesy of stockimages / FreeDigitalPhotos.net.