This week, we’re highlighting Integrity Marketing Group’s acquisition of Neishloss & Fleming, and American National’s announcement that their subsidiaries will merger.
Neishloss & Fleming Partners with Integrity Marketing Group for Next Phase of Growth | BusinessWire | January 9, 2018
DALLAS–(BUSINESS WIRE)–Integrity Marketing Group, LLC (“Integrity”), one of the nation’s largest independent distributors of life and health insurance products, announced today that it has completed the acquisition of Neishloss & Fleming, Inc. (or “the Company”), a national wholesaler of Medicare Supplement and Medicare Advantage products. As part of the deal, Neishloss & Fleming’s owners become shareholders in Integrity. Financial terms of the private transaction were not disclosed.
Founded in 1982 and headquartered in Pittsburgh, Neishloss & Fleming has agents in all 50 states and the District of Columbia. The combined business will produce over $725 million in annualized premiums and expands Integrity’s national presence to more than 120,000 independent agents and almost 300 full-time employees. All employees of Neishloss & Fleming maintain their current roles with the company.
Read the press release on BusinessWire.com here.
American National Announces Merger of Subsidiaries | InsuranceNewsNet | January 10, 2018
GALVESTON, Texas, Jan. 10, 2018 (GLOBE NEWSWIRE) — American National Insurance Company announces that, effective January 1, 2018, American National Life Insurance Company of New York merged into Farm Family Life Insurance Company. Following the merger of these two subsidiaries, the surviving company has assumed the name American National Life Insurance Company of New York.
The merger of American National’s New York life insurance companies into a single entity furthers American National’s commitment to promoting and strengthening the American National brand while simplifying the corporate structure and improving service to New York customers.