|[January 16, 2013]
The ABD Team Announces Acquisition of Insurance Associates of Northern California
SAN MATEO, Calif. --(Business Wire)--
ABD Insurance and Financial Services, a retail property, casualty
insurance brokerage, employee benefits consultant, and 401k Retirement
consultant, announced today it has completed an agreement acquiring the
assets of Insurance Associates.
Established in 1904 and incorporated in 1961, Insurance Associates
specializes in the design and oversight of risk management and insurance
programs for a diverse group of commercial and personal clients. The
privately held company is located in Walnut Creek, Calif.
"The addition of Alan Sampson and Pat Hoefling and the Insurance
Associates team is an exciting way to expand ABD's footprint in the East
Bay," said ABD President and Co-Chairman Kurt de Grosz. "Alan has built
his business on the highest standards of integrity and service
excellence making the people and culture at Insurance Associates an
excellent match for ABD. We are very pleased to have Alan and the IA
team as a part of our talented and dynamic Bay Area insurance
Adds CEO Brian Hetherington, "While we have a strong presence with many
clients and employees in the East Bay, securing a local office makes
clear our commitment to be a more visible and active part of this
community. With the addition o Alan and the Insurance Associates team
of professionals, ABD has the opportunity to grow its business portfolio
in all areas of risk management, including commercial insurance and
employee benefits. Alan and his team will help us be better and
we look forward to working closely with the Insurance Associates team to
support and further expand what they have built over the years in the
East Bay and Greater Bay Area."
Said Alan Sampson, CEO of IA, "Insurance Associates and ABD are both
dedicated to creating a culture that rewards innovation, teamwork and
absolute client satisfaction. As part of ABD, we will have access to the
experienced professionals, broad resources and extensive insurance
company relationships of one of Northern California's fastest growing
independent brokerages - all for the benefit of our clients. This is a
very exciting time to be joining a unique, innovative and successful
company like ABD."
ABD Insurance and Financial Services
Headquartered in San Mateo, with offices in San Francisco, Redwood City
and San Jose, ABD is an insurance consulting collective with more than
75 years of history in the insurance industry. ABD has over 115
dedicated professionals, many of them nationally recognized as among the
best and the brightest in the insurance industry. We provide individuals
and businesses with consulting in the disciplines of Employee Benefit
programs, 401k services, Wellness, Risk Management, Property & Casualty
insurance, Directors & Officers insurance, and Personal Insurance. To
learn more visit www.theABDteam.com.
Insurance Associates of Northern California was incorporated in 1961,
and is the continuation of five agencies that have been in business
since 1904. The IA staff has extensive experience in both commercial and
personal insurance. Senior producers have been involved in agency and
insurance company management for over 25 years. Our staff is well
educated, most having been with IA over an extensive period of time.
More importantly, our people have the most important trait of all…the
desire to excel…a commitment to excellence.
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