Posted on 14 Jun 2010
Dallas-based Insential, Inc., a national full-service wholesale agency, acquires Source One Benefits, Inc., a Chicago based wholesale general agent of ancillary benefits. Source One Benefits is a privately held general agent for some of the nation’s largest providers of ancillary group benefits.
This acquisition will be the launch of a new "Ancillary Benefits Division" of Insential. The retail agency partners of Insential will have immediate access to ancillary group products, which will help round out their product offerings for their clients. Source One currently manages a significant premium volume with the leading insurance carriers in this segment. This extensive block of business provides Source One with access to the company’s top Underwriters as a preferred partner and gives their customers the advantage of getting the best product rate with maximum revenue potential for the agency.
Terry Byrne, Owner and President of Source One stated, “I was looking for a partner that was national in scope and had the ability to grow the business. Insential was the perfect fit in all respects. When we bring Insential’s agency partners online, we will expand our managed premium volume, and customers will benefit from more underwriting leverage.”
Darwin Lucas, President of Insential, Inc. adds “The services offered by Source One can allow for one-stop shopping for all ancillary benefit coverage needs of our agency partners and their clients. We are thrilled to have them join the Insential family, and look forward to sharing their value added approach with our retail agency partners around the country. Our plan is to expand this division nationally, and bring cross selling opportunities to our existing property and casualty retail partners.”
For additional information please contact Terry Byrne at firstname.lastname@example.org or 312-454-6008 Direct or Darwin Lucas at email@example.com