FORT WORTH, Texas, Dec. 19, 2016 /PRNewswire/ -- Higginbotham and Insurance Associates of the Southwest (IAS) announced today the merger of their operations in Houston. Higginbotham is headquartered in Fort Worth and ranked by revenue as the largest Texas-based independent insurance broker. It entered Houston in 2008 and, through a progression of mergers that boosted its capacity to serve the greater area, it has become one of the local top 10-listed insurance and financial service firms.
IAS is an independent broker that has 38 commercial, personal, life, health and employee benefit professionals in its Energy Corridor office neighboring Higginbotham's office. After the merger, Higginbotham has a workforce of 160 in Houston and 904 statewide.
This is the sixth merger Higginbotham has completed in 2016 as part of a growth initiative across Texas whereby the firm partners with brokers with strong local reputations that expand its geographic reach while maintaining its focus on personal service.
"Houston's economy is lively, and its businesses need an insurance advisor that can meet their evolving needs," said Higginbotham's Houston Managing Directors Koby Hackradt and Dudley Ray in a joint statement. "Through partnerships like IAS that strengthen our capabilities, we have the capacity and talent to offer a local solution for everything involving risk management."
IAS President/COO Jim Kottwitz said, "We're committed to building long-term relationships with our clients, so we need to keep evolving with the insurance landscape. Clients today need more help navigating regulations and controlling costs. Joining Higginbotham lets us fill that role by tapping into its vast resources and keeping service in-house."
IAS will continue operating under the leadership of Managing Director Jim Kottwitz in collaboration with Hackradt and Ray at 11111 Katy Freeway, Suite 400.
About Insurance Association of the Southwest (IAS)
IAS opened in 1996 with the merging of three Houston insurance agencies, and a fourth joined in 2002. The firm brokers commercial and personal property/casualty insurance, employee benefits and life/health insurance with services for managing risk and settling claims. It has concentrated experience in the manufacturing, real estate, construction, distribution, high-tech, real estate, medical and professional industries, serving national and international companies. Visit www.ins-ias.com for more information.
Higginbotham is a single source for insurance and financial services that brokers business insurance, employee benefits, retirement plans, executive benefits, life insurance and home/auto insurance from more than 250 regional and national carriers. It supplements coverage with in-house risk management and benefit plan administration services. The firm was founded in 1948 and is headquartered in Fort Worth, Texas, with 25 additional offices statewide serving domestic and international customers. Higginbotham ranks by revenue as the nation's 31st largest independent insurance brokerage firm, making it the largest Texas-based broker (Business Insurance, July 2016). Visit www.higginbotham.net for more information.
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