Insurance broker Bolton & Company has completed acquisition of independent insurance agency, Preferred Specialty Insurance Services, effective from 31 December 2012.

Following the completion of the transaction, Preferred Specialty Insurance Services president Todd Jackson, will join Bolton & Company as vice president while Jackson and his team will relocate to Bolton’s Pasadena office.

Jackson said: "The expanded capabilities offered by Bolton & Company will help us provide enhanced services and products that will be well appreciated by our clients."

Preferred Specialty Insurance Services provides insurance services in the San Gabriel Valley area.

Launched in 1931, Bolton & Company insurance broker provides insurance and risk management services, employee benefits and financial products for its clients worldwide.

As a partner of Assurex Global, US based Bolton employs more than 125 people and places over $250m in annual premiums on behalf of their clients.