Alera Group has announced that its acquisition of IHS Insurance Group, an independent insurance brokerage that sells Medicare plans, health insurance, life insurance, auto, home, dental and vision, and other coverages. The terms of the transaction were not disclosed.
IHS Insurance is based in North Houston, Texas, but is also licensed in several other states. It serves more than 3,5000 clients and specializes in Medicare supplement insurance, individual health insurance plans, life insurance, long-term care and disability insurance.
“IHS Insurance Group is a Christian-based, family-owned business committed to exceptional customer service,” said Michael Steele, principal owner of IHS Insurance Group. “For more than 15 years, IHS Insurance Group has grown to serve thousands of satisfied customers by carefully recommending and monitoring coverage each year to ensure optimal coverage at affordable prices.”
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The company joins Alera Group through the existing Alera Group Texas offices. The IHS Insurance Group staff will continue in their existing roles.