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Ascension Insurance, Inc., a national insurance and employee
benefits agency, has purchased Employers Mutual, Inc. (EMI), based in Stuart, Florida.
EMI, founded by CEO William McCreary, specializes in
self-funded workers compensation, property, and liability, and provides
brokerage services in the areas of P&C and employee benefits in Florida.
“We are very excited to welcome EMI and William McCreary to the
Ascension family,” said Leonard P. Kline Jr., president and CEO of Ascension.
Kline noted that, under McCreary’s leadership, EMI has
earned a solid reputation in the field of third-party claims and administration,
along with traditional insurance placements.
As for EMI, its CEO views joining the Ascension team as a
way to get into markets outside of Florida.
“Ascension offers us expanded resources and expertise to
reach new markets and grow our operations while retaining our commitment to outstanding
client service,” McCreary said.
With its private equity partners, Parthenon Capital and Century
Capital Management, Ascension, based in Kansas
City, Missouri,
expects to grow to $200 million in revenue over the next five years.
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