INSURICA Expands Texas Operations
DFB Insurance Group Provides New Opportunities for Growth
OKLAHOMA CITY, OK – Dec. 14, 2016 – INSURICA, one of the nation’s largest independent insurance agencies, announced today the addition of Amarillo-based DFB Insurance Group. A new entity, INSURICA DFB Insurance Services, LLC, has been formed with joint ownership by INSURICA and DFB. The transaction, effective January 1, 2017, will grow INSURICA’s revenues to nearly $100 million, squarely putting the agency among an elite group of brokers placing more than $1 billion in premiums for their clients annually.
“I am elated that we are able to welcome our new partners from DFB,” said Mike Ross, President and CEO of INSURICA. “DFB enjoys an outstanding reputation in our industry and in the communities where they are located. We are joining forces with leaders and colleagues who share our vision for growth, our focus on values, and our dedication to the clients we serve.”
“We had big plans for this place when we merged the Duncan, Fraser and Bridges agencies over 20 years ago,” commented DFB CEO, Bill Bridges, “and as we grew, so did our dream. Partnering with INSURICA allows us the opportunity to continue that dream of becoming one of the largest, most respected and well known agencies in Texas.”
“Texas has long been an important part of our growth strategy,” said INSURICA Sr. VP John Hester, “and our new colleagues from DFB will help us reach communities where we had no presence before. We have definitely found the right partners to further develop the deep commitment we have here.” Adds Mark Bridges, DFB President, “We are excited to begin this new partnership, bring new resources to our clients and continue the work of building the INSURICA brand here in Texas.”
INSURICA will now have over 500 employees in 31 offices located throughout Oklahoma, Texas, Arkansas, Colorado, Arizona, and California. Texas offices will represent nearly one-third of all locations.