FOR IMMEDIATE RELEASE
EMPLOYER SOLUTIONS GROUP JOINS INSURICA
OKLAHOMA CITY, OKLAHOMA (July 2, 2018)
INSURICA is pleased to announce their sixth acquisition of the year: Employer Solutions Group. Based in Austin, ESG is a leading provider of Employee Benefits programs throughout Texas.
“Michael Bakonyi and Thomas Seuthe have an amazing track record in the employee benefits space. Their expertise is matched only by their sincere enthusiasm to help clients attract and retain the best talent through well-designed programs,” said Mike Ross, INSURICA CEO.
“Our team is excited to be a part of INSURICA,” commented Michael Bakonyi, President of ESG. “Since our first meeting, we’ve recognized the synergies that exist between our two agencies and we’re thrilled at the opportunities that lie ahead.”
Talks initially began between ESG and INSURICA at the request of Austin Branch Manager, Devin Stewart. Soon the entire ESG team will be joining Stewart, relocating to INSURICA’s Austin office complex.
The merger was handled internally with a team led by John Hester, Sr. VP of Mergers and Partnerships. Financial due diligence was performed by INSURICA CFO, Ed Young, and Enterprise Controller, Amy Herboek. The effective date for the deal is June 1, 2018.
With annual revenues topping $100 million, INSURICA employs over 530 employees in 30 offices located throughout Oklahoma, Texas, Arkansas, Colorado, Arizona, and California.
FOR MORE INFORMATION:
Kevin Wellfare, VP Marketing
405.523.2100
Kevin.Wellfare@INSURICA.com
About the Author
Share This Story
Related Blogs
Personalization Now a Baseline Expectation in Employee Benefits
In 2025, personalization has moved from “nice to have” to “non-negotiable.” Employees expect benefits that reflect their individual needs, values, and life stages. Static, one-size-fits-all plans are being replaced by flexible, modular offerings that empower employees to choose what matters most.
Fertility, Family Planning, and Parental Leave Are Front and Center
In 2025, family-building support has emerged as a defining priority in employee benefits strategy. Fertility coverage, inclusive parental leave, and caregiving support are no longer niche offerings — they’re central to how employees evaluate workplace value. As life paths diversify and caregiving responsibilities expand, benefits managers are rethinking what it means to support the whole employee.
Gag Clause Attestation Deadline: December 31, 2025
Employer-sponsored group health plans must submit their 2025 Gag Clause Prohibition Compliance Attestation (GCPCA) to CMS by December 31, 2025, to confirm compliance with federal transparency rules. This annual filing covers the 2024 calendar year and applies regardless of employer size or funding arrangement.