NU Online News Service, June 25, 3:10 p.m. EDT
|Breckenridge IS, Inc., a specialty underwriter and programmanagement company, has acquired specialty broker Overby-SeawellCompany for undisclosed terms, the company announced.
|Cleveland-based Breckenridge IS, offers a range of commercialproperty and casualty insurance products and services
|Overby-Seawell, based in Kennesaw, Ga., sells collateralprotection insurance and offers more than 20 lender-based insuranceproducts to banks, credit unions, consumer finance companies,insurance carriers and producers, and others.
|The companies said Larry Overby, CEO of Overby-Seawell willcontinue as CEO along with the other members of the company'ssenior management team.
|Tracey Carragher, CEO of Breckenridge IS, said, "This strategicpartnership will enable Breckenridge to accelerate Overby-Seawell'sgrowth, enhance Overby-Seawell's national footprint with expandedgeographic reach and enable Overby-Seawell to offer clients a widerrange of insurance products and services."
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