Managing general agent and wholesale broker Arlington/Roe & Co. has completed its purchase of surplus lines broker, Robert W. Schmidt & Company LLC, located in the Milwaukee suburb of Brookfield, WI.
Indianapolis-based Arlington/Roe was founded in 1964. It’s a family-owned MGA and wholesale property and casualty insurance brokerage, with 200 staff members in nine state offices and premium volume over $220 million.
“This purchase allows us to add a ninth state office and effectively doubles our Wisconsin staff,” said James A. Roe, CPCU, president of Arlington/Roe. “We chose Wisconsin as an expansion state for Arlington/Roe and have three associates working in the state. We’re pleased to add three employees formerly with Robert W. Schmidt & Co., and now have a Wisconsin office in the greater Milwaukee area.
“The purchase of Robert W. Schmidt & Company combined with the scale of our independent, family-owned company will bring expanded access to Wisconsin independent agents. Representing over 200 markets allows us to provide agents with additional products, expertise and the opportunity to serve their clients even more.”
Bob Schmidt, Jr., who founded Robert W. Schmidt & Company in 1991, commented: “I’ve enjoyed working with independent Wisconsin insurance agents over 30 years. I’m pleased to have found a company to purchase our business which shares our spirit and expertise as problem solvers and is able to deliver coverage solutions for specialty property and casualty risks. Our clients are in good hands.”
