US-based brokerage Relation Insurance Services has expanded its national footprint with the acquisition of assets of First Insurance, an Oklahoma-based affiliate of FirstBank.  

Financial details related to the deal, effective 1 April 2024, were not revealed.  

First Insurance offers an array of products, including commercial and personal insurance, as well as specialised farm, ranch, and manufacturing insurance.

Engaged in offering risk management and benefits consulting services, Relation is actively broadening its offerings, industry expertise, and geographical reach.  

The company is backed by private equity firm Aquiline Capital Partners and employs 1,350 staff across over 137 US locations. 

Relation CEO Tim Hall said: “First Insurance has built an outstanding reputation in their community and Relation is proud to welcome them aboard. Their team brings tremendous long-term relationships as well as deep experience in providing comprehensive insurance solutions to their clients. We are excited to welcome them to our team.” 

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First Insurance vice president Dina Wagner said: “Joining Relation enables us to better serve our clients. Relation’s specialised expertise and broad network of carrier relationships truly offer our clients access to the best options for coverage that fits their needs.” 

This move follows another acquisition by Relation, where it acquired the assets of Elite Insurance Agency, based in Brooklyn, New York.  

Elite Insurance provides a range of insurance products, including employee benefits, commercial insurance, and solutions for high-net-worth individuals.  

Last month, Relation also acquired the assets of Texas-based Jones & Lowe Agency, which offers insurance products such as auto, home, business, and commercial auto insurance, in addition to farm, ranch, crop, and livestock insurance.