Frost Insurance, the insurance agency subsidiary of Frost Bankers, has acquired Prime Benefits, an Austin-based insurance agency that specializes in providing employee benefits to businesses.
Dennis Northington, market president for Frost Insurance in Austin, said: Partnering with this strong Austin-based agency will strengthen our employee benefits offerings. Their focus on helping business owners is a great fit for Frost and will allow us to expand the benefits services we can offer our business customers in Austin.
Lee Cameron, principal of Prime Benefits, stated: In joining with Frost Insurance, we will become a full-service insurance agency. Since starting our business, we have had a strategic focus on profitable growth by offering a full-range of employee benefits to our business clients.
Now we will be able to provide them with additional insurance products, including property and casualty and retirement services. Both Frost and Prime Benefits are home-grown Texas companies, and we are delighted to become a part of this great Frost organization.