AssuredPartners Announces Acquisition of National Insurance Services
LAKE MARY, FL — AssuredPartners, Inc. is pleased to announce the acquisition of National Insurance Services (NIS), headquartered in Brookfield, Wisconsin. NIS is trusted by over 2,500 public sector organizations in 29 states for employee benefits consulting and brokerage services such as medical, dental, life, disability and vision insurance. In addition, as many as 600 schools, cities and counties have entrusted the Retirement Income Division with over 700 million dollars in deposits on behalf of employees and retirees in 403(b) plans, health reimbursement and flexible spending arrangements, employee benefit trusts and retirement incentive payouts. The staff of 129 will continue operations under NIS’ President and CEO Bruce Miller.
“We chose to partner with AssuredPartners because it will allow us to continue to focus on serving the public sector, bring additional products and services to our customers, and continue to provide a workplace we are proud of that creates opportunity for our employees” said Bruce Miller.
AssuredPartners President and COO Tom Riley, says, “We focus on partnering with agencies with strong management that demonstrate a dedication to growth and building lasting relationships – we have found this with NIS.”
NIS will continue its focus on the school and other public-sector markets and will provide additional distribution for AssuredPartners in the public sector.
Sean Smith, AssuredPartners Regional President of Keenan states, “NIS has been a trusted partner of schools and municipalities for nearly 50 years. Their expertise will enhance our ability to serve public agencies across the country. We are looking forward to continued growth in the sector.