Heffernan Insurance, a US-based full-service independent broker, has acquired twentytwenty Insurance Services for an undisclosed sum.

Founded in 2001, the acquired firm focuses exclusively on employee benefits and managed care stop loss.

The acquired firm specialises in the implementation and management of complex medical programs, integration of health and wellness plans, technology, and employee education.

Cypress, California-based twentytwenty’s client portfolio includes manufacturing companies, healthcare providers, restaurants, and non-profit organisations.

Heffernan Insurance president and CEO Michael Heffernan said: “We are excited to bring Sima and her team on board to bring enhanced expertise to our benefits practice, grow our southern California presence, and enable them to continue to provide top-notch service to their clients.”

Under the agreement, twentytwenty Insurance Services founder and CEO Sima Reid and her team have joined Heffernan’s new Cypress office, effective 1 October 2021.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Reid said: “We are excited that twentytwenty whose vision of bringing complex insurance issues into focus will be a part of the Heffernan family. Our commitment to our clients and our twentytwenty team continues to be our focus.

“We look forward to an exciting future in bringing additional expertise in property-casualty and workers’ compensation to our clients”.

Heffernan Insurance has also invited independent insurance brokers across the US for collaboration as part of its growth strategy.

Recently, Heffernan-backed insurtech TrustLayer raised $15.1m in a Series A round of funding.

TrustLayer uses AI to digitise the insurance verification process.