NU Online News Service, June 25, 3:10 p.m. EDT
Breckenridge IS, Inc., a specialty underwriter and program management company, has acquired specialty broker Overby-Seawell Company for undisclosed terms, the company announced.
Cleveland-based Breckenridge IS, offers a range of commercial property and casualty insurance products and services
Overby-Seawell, based in Kennesaw, Ga., sells collateral protection insurance and offers more than 20 lender-based insurance products to banks, credit unions, consumer finance companies, insurance carriers and producers, and others.
The companies said Larry Overby, CEO of Overby-Seawell will continue as CEO along with the other members of the company's senior management team.
Tracey Carragher, CEO of Breckenridge IS, said, "This strategic partnership will enable Breckenridge to accelerate Overby-Seawell's growth, enhance Overby-Seawell's national footprint with expanded geographic reach and enable Overby-Seawell to offer clients a wider range of insurance products and services."
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