WALNUT CREEK, Calif.–(BUSINESS WIRE)–Apr 13, 2022–
Relation Insurance Services (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of South Carolina-based Ernie Yarborough Insurance Agency (“Yarborough”). Yarborough was previously part of Nationwide Mutual Insurance Company’s (“Nationwide”) exclusive distribution model. Terms of the transaction were not disclosed.
Yarborough provides personal and commercial lines insurance solutions to clients throughout South Carolina and is headquartered in Columbia, SC. Yarborough is a long-standing Nationwide exclusive agent that went independent and will join Relation’s Main Street/small commercial division. Ernie Yarborough will continue to lead Yarborough under Relation.
“Ernie and his team will be tremendous additions to Relation,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. “Their strong reputation and commitment to serving clients will allow us to further grow our footprint throughout South Carolina.”
About Relation Insurance Services
Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States. It is ranked by Insurance Journal within the top 35 largest agencies in the country by revenue and has approximately 1,200 employees across more than 125 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visit www.relationinsurance.com for more information.
View source version on businesswire.com:https://www.businesswire.com/news/home/20220413005001/en/
CONTACT: Contact for Relation Insurance Services, Inc.
Georgia Williams
georgia.williams@relationinsurance.com
(919) 847-1839M&A CONTACT
Tim Hall, EVP & Head of M&A
Relation Insurance Services, Inc.
P: 312-714-7279
E:tim.hall@relationinsurance.com
KEYWORD: CALIFORNIA SOUTH CAROLINA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CONSULTING PROFESSIONAL SERVICES INSURANCE
SOURCE: Relation Insurance Services
Copyright Business Wire 2022.
PUB: 04/13/2022 08:00 AM/DISC: 04/13/2022 08:02 AM
http://www.businesswire.com/news/home/20220413005001/en
Copyright Business Wire 2022.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.