Expands its reach into Alabama and Mississippi regions
Johnson & Johnson, a family-owned managing general agency, said that it has acquired Sunbelt General Agency from American Modern Insurance Group.
Sunbelt, a subsidiary of American Modern Insurance, is a full-service managing general agency based in Montgomery, Alabama. It has an insurance brokerage division and premium finance division called Sunbelt Premium Finance, apart from writing products with the insurance companies of American Modern Insurance. The current Sunbelt employees will be retained as employees of Johnson & Johnson.
Francis Johnson, president of Johnson & Johnson, said: Bringing this agency into the Johnson & Johnson fold provides us with a significant opportunity to expand our reach into the Alabama and Mississippi region served by Sunbelt.”
Johnson & Johnson provides services to agents in the US states. It offers access to products, including personal lines, commercial lines and premium financing.
Todd Gray, president of American Modern Insurance Group, said: Sunbelt General Agency has long been a significant contributor to American Modern’s success in Alabama and Mississippi. Because our business is primarily focused on underwriting as opposed to agency-based production, we feel Sunbelt will be better positioned with one of our top general agent partners.
We are confident that the employees, agents, and customers of Sunbelt will remain in good hands with Johnson & Johnson, which is a charter member of American Modern’s Summit Club and one of our key agency partners.
The insurance companies of American Modern provide specialty insurance products and services. American Modern insures manufactured housing, site-built homes, motorcycles, watercraft, snowmobiles, recreational vehicles, classic autos, and long-haul trucks. It also provides extended service contracts, excess and surplus lines coverages, credit life and related products, as well as collateral protection and mortgage fire products sold to financial institutions and their customers.