Brightway Insurance has acquired GlobalGreen Insurance Agency, expanding its reach and bringing the combined organization’s annual written premium to more than $1.7 billion. The terms of the transaction were not disclosed.
The deal adds GlobalGreen’s multi-state franchise network, which accounts for approximately $270 million in annual written premium, to Brightway’s tech-enabled insurance distribution platform.
Founded in 2007, GlobalGreen Insurance Agency’s network includes agents with strong regional presence and established relationships with clients and carriers.
Both Brightway and GlobalGreen emphasize support for independent agency owners, who serve their communities and provide customers with a range of insurance options and expertise.
“We are thrilled to welcome GlobalGreen to Brightway as we accelerate our geographic expansion and growth,” said Nick Clements (pictured above), CEO of Brightway. He noted that the partnership will allow GlobalGreen agency owners to benefit from Brightway’s proprietary AI-enabled technology platform, Fusion, as well as access to client support teams, tools, and a community of agency owners.
“Our promise is to help our agents grow faster here than anywhere else and we look forward to delivering on that promise for GlobalGreen agency owners and helping them attract and retain even more customers,” Clements said.
“It has been my honor to build, recruit and work with the GlobalGreen franchise network," said GlobalGreen CEO Jeffrey Wilson. "I feel that this partnership delivers greater value and operational strength to our franchise owners while allowing them to stay true to offering the local expertise and personal touch their customers have come to expect.”
Earlier this month, Brightway appointed Kristen Ankerbrandt as chief financial officer. Ankerbrandt, who previously served as CFO of Compass Real Estate, brings more than two decades of experience in private equity, investment banking, and corporate finance.
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