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September 3, 2020

Heffernan Insurance Brokers snaps up ISU Centinel Agency

By Verdict Staff

California-based independent insurance brokerage Heffernan Insurance Brokers has expanded footprint in its home market by acquiring ISU Centinel Agency for an unknown sum.

San Francisco-based ISU Centinel Agency joined Heffernan’s retail operations on the first of this month.

As part of the deal, Heffernan absorbed ISU Centinel Agency’s Josh Ferenc and David Costello along with its remaining team.

This team has now moved to Heffernan’s San Francisco branch.

Ferenc said: “Heffernan Insurance Brokers’ positive company culture and success inspired me as I was starting my agency 15 years ago.

“My staff and I are excited to join this world class team and we look forward to the increased platform of products and services available. This development will help us better serve our construction, hospitality and high net-worth clients going into the future.”

ISU Centinel Agency, which is active for over 15 years in the insurance space, offers insurance solutions for the construction and hospitality industries. The company also provides private client personal insurance.

Heffernan president and CEO Michael Heffernan said: “We’re confident ISU Centinel Agency’s deep knowledge of commercial and personal lines will be a great addition to our San Francisco branch and our Personal Lines team.

“Josh Ferenc and David Costello are respected in the industry and have built a dedicated client base to whom they’re committed to providing exceptional service. We look forward to helping them continue that superior service and to growing our niche practices together.”

This June, Heffernan acquired employee benefits consulting company Really Great Employee Benefits.

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