Relation Insurance Services, Inc., one of the largest national insurance agencies, announced it acquired the assets of Delaware-based Insley Insurance and Financial Services, Inc. (“Insley Insurance”). The terms of the transaction were not disclosed.
Located in the Christiana area south of Newark, Insley Insurance is an independent agency providing business, personal, life, health, and financial products to clients in Delaware and the surrounding areas for nearly 35 years. Harry “T” Insley, Jr., President, and the rest of the Insley Insurance team will join Relation and will continue to operate out of the current office.
“Insley Insurance is a great fit strategically for Relation, and we are excited that they have joined Relation,” said Tim Hall, executive vice president and head of mergers and acquisitions for Relation. “The Insley family has built a tremendous firm, and they will be instrumental in further growing our presence in the Mid-Atlantic region and our position in the market.”
“Relation has a strong reputation in the industry, and we’re excited to join a growing firm,” said Insley. “Relation’s dedication to our marketplace, access to carriers, and operational and support will further drive our growth.”
Relation is ranked by Insurance Journal as one of the 35 largest agencies in the nation by revenue and has approximately 1,000 employees across more than 100 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London.
