BB&T Insurance subsidiary McGriff, Seibels & Williams has reached an agreement to buy Caledonian Insurance Group, as part of a plan to strengthen its property and casualty insurance footprint.
Founded in 1988, Caledonian specializes in insurance brokerage services for the aviation industry, including regional airlines, cargo airlines, rotor wing operations, fixed wing charter operations, corporate aircraft, airports, fixed-base, among others.
McGriff, Seibels & Williams CEO Tommy Ebner said, "With specialties in the energy business, construction, health care, and transportation sectors, the addition of aviation specialists for our clients is fitting."
Operating as a part of BB&T’s retail insurance network since 2004, McGriff, Seibels & Williams has offices in Atlanta, New York, Houston, Dallas, New Orleans, St. Louis, Charlotte, Portland, and now Seattle.
BB&T Insurance Holdings manages over 100 insurance agencies through its subsidiaries.