CLEARWATER - Clegg Insurance Group of Clearwater announced on Wednesday it has bought Brandon-based Advanced Insurance Brokerage.
The merger creates a firm with more than 2,000 customers and more than $10 million in annual premiums. Terms were not disclosed.
Clegg Insurance Group specializes in property and casualty insurance and its 10 local employees work with more than 100 carriers. Advanced Insurance (AIB) provides comprehensive insurance policies, including home, commercial, health, life and auto.
"Advanced Insurance operates under the same philosophy as Clegg, which always puts clients’ interests first above everything else," said Ryan Clegg, Clegg’s president and CEO, in a news release. "The two agencies combined can leverage carrier relationships and offer a wider product offering to all of our customers."
AIB will continue to operate with its current employees and Anna Maria Island location, Clegg said.
"Nothing is going to change for the customer," Clegg said. "They’re just going to have a much larger product offering."
Both companies were founded in 2010. This is Clegg’s third acquisition in eight years, after acquiring Florida Insurance Partners in Safety Harbor in 2013 and Tampa-based Hopf & Hopf in 2014.
Contact Hannah Denham at [email protected] Follow @hannah_denham1.