Central Indiana Insurers MergePosted: Updated:
Carmel-based Shepherd Insurance is merging with Consolidated Insurance Services Inc. in Indianapolis. The combined operation will be known as Consolidated Shepherd Insurance and operate out of eight locations throughout the state.
August 21, 2014
Carmel, Ind. - Indianapolis-based insurance agency Consolidated Insurance Services Inc. has joined with Shepherd Insurance, and will now be operating as Consolidated Shepherd Insurance.
In addition to enhancing service to current Consolidated clients, the merger further expands the capabilities of Shepherd Insurance, one of the leading commercial, benefits and personal lines agencies in Indiana.
"We are thrilled to have Consolidated Insurance Services join the Shepherd team," said David Shepherd, CEO. "This merger will generate great new opportunities for clients of both Shepherd and Consolidated."
Consolidated brings with it extensive experience in motorsport, residential property, and hospitality risks. Prior to its merger with Shepherd Insurance, Consolidated was one of the top 25 largest independent agencies in the Indianapolis-area based on premiums written.
"Any time you can bring two dynamic companies such as these together, you're going to see great things," added Rex Early, founder of Consolidated Insurance Services. "We look forward to a lot of new possibilities for our clients."
With this merger, Shepherd Insurance now employs a staff of over 160 insurance specialists working from 8 locations throughout Indiana.
About Shepherd Insurance
Shepherd Insurance is a privately owned insurance agency that has delivered both commercial and personal insurance solutions since 1977. In addition to insurance, employee benefits and financial products, Shepherd Insurance also includes industry-specific specialists who serve customers in niche markets such as truck dealerships, racing teams, property management, law firms, and restaurants. Shepherd Insurance writes business in 48 states, consistently receives awards for the products and services it offers, and was recently recognized by Insurance Journal as one of the Top 100 Independent Agencies in the United States. Shepherd was also the only insurance agency included in the Indianapolis Business Journal’s 2014 list of the top 25 Fastest Growing Indianapolis-Area Private Companies.
Source: Shepherd Insurance