AssuredPartners Announces Acquisition of Preferred Guardian Insurance
National Insurance Broker Expands Reach into Dallas
AssuredPartners, Inc. announced today that Preferred Guardian Insurance (PGI) of Dallas, TX has joined the national broker. PGI was formed in 2003 during the black mold crisis in Dallas; since this time the agency has grown to be the elite broker of choice in the area offering all lines of coverage with a specialty in E&O Insurance for Real Estate Firms. The staff of 7 will remain under the leadership of CEO Barney Schwartz and will report into AssuredPartners agency Florida Insurance Specialists. Preferred Guardian Insurance reports approximately $1.3 million in revenues.
“At PGI we pride ourselves on the ability to represent many insurance companies to serve our clients throughout Texas while providing competitive pricing options,” said PGI CEO Barney Schwartz. “Joining AssuredPartners will allow us to stay on the cutting edge of the insurance industry while having the ability to grow our agency to meet and surpass the needs of our clients while allowing us to expand our Real Estate E&O Specialty on a National Platform.”
“PGI is recognized as an industry leader with outstanding sales and service of commercial and personal lines in their multiple locations throughout Texas. With our business model and the opportunity for development in the Texas market, our team has identified this as the next move to increase organic growth,” said Florida Insurance Specialists CEO Frank Russo.
President and Chief Operating Officer of AssuredPartners, Tom Riley, stated, “We are pleased to continue our expansion of our national footprint in the Texas marketplace with the addition of Preferred Guardian Insurance. With the services and capabilities of both PGI and FIS we will bring added value to our clients specifically in the personal insurance segment with our robust technology offerings. ”