Oak Ridge, TN, October 12, 2011 --(PR.com
)-- Appalachian Underwriters, Inc., has obtained the assets of Executive Brokers Insurance Services -- a wholesale broker based in St. Peters, MO. The acquisition was effective October 3, 2011.
“The expansion for AUI with an office in Missouri will help with client penetration in the Midwest states. We look forward to working with Rhonda and the staff from Executive Brokers and are excited about the opportunity to service new agents,” said Bob Arowood, President of Appalachian Underwriters.
Executive Brokers Insurance Services operated as a full service Managing General Agent and Surplus Lines Broker licensed in Illinois, Indiana, Kansas, Missouri and Wisconsin. Office doors of the St. Peters office will remain open, becoming an official AUI satellite office with all former Executive Brokers staff still in place. With the acquisition, AUI strengthens its operations by adding a staff with years of underwriting and customer service experience. Adding an office in Missouri will increase the availability and efficiency for agents directly appointed with AUI.
“We are very excited with the opportunity to become a satellite office for AUI. Becoming part of this company will allow us to continue to provide exceptional service to the Midwest region, backed with the strength and commitment of AUI,” said Rhonda Henze, Vice President of Executive Brokers Insurance Services.
Agents previously appointed with Executive Brokers Insurance Services can be assured that AUI is ready, willing and able to meet the service needs for all business written prior to the acquisition. While business and renewals will continue to be marketed as placed, agents will have the opportunity to remarket as needed through AUI’s extensive markets, programs and expertise.
Appalachian Underwriters, Inc. is a full-service MGA and wholesale insurance brokerage, providing independent agents a national outlet to multiple specialized markets for Workers’ Compensation, Commercial Specialty, and Personal Lines of insurance. To learn more about Appalachian Underwriters, Inc., please visit www.appund.com.