Breckenridge IS, an underwriter, insurance broker and program management company, has acquired Georgia-based Overby-Seawell Company, the specialty insurance broker, which offers a full-range of lender-based insurance products and services.
Breckenridge has said that Larry Overby, CEO of Overby-Seawell will continue as CEO along with the other members of the company’s senior management team.
Tracey Carragher, CEO of Breckenridge IS, said: This strategic partnership will enable Breckenridge to accelerate Overby-Seawell’s growth, enhance Overby-Seawell’s national footprint with expanded geographic reach and enable Overby-Seawell to offer clients a wider range of insurance products and services.
Mr Overby said: We look forward to taking our growth to the next level as a part of the Breckenridge organization. Our operations will continue to be based in Kennesaw, Georgia and Coral Gables, Florida.
Breckenridge IS operates in multiple lines of insurance distribution and services overseeing businesses in wholesale insurance brokerage, managing general agencies and underwriting and insurance services, and offers a full-range of commercial property-casualty insurance products and insurance services.
Overby-Seawell Company is the provider of collateral protection insurance and offers more than 20 lender-based insurance products to commercial and community banks, bank-holding companies, credit unions, consumer finance companies, acceptance companies, managing general agents, insurance brokers and agents, and insurance carriers.