Georgia-based Prime Risk Partners Inc. has completed its acquisition of Indianapolis-based Old National Insurance. The company will now be known as ONI Risk Partners following the $93 million deal, which was announced earlier this year.
Prime Risk Partners says ONI will maintain its presence in markets throughout Indiana, Kentucky and Illinois. ONI’s third-party administrator subsidiaries, JWF Specialty Co. and Employee Plans LLC, will continue to operate as normal from their current locations.
"Closing the transaction marks the beginning of our partnership with Tom Flynn and his team to grow the ONI platform, including JWF Specialty and Employee Plan," said Bret Quigley, chairman and chief executive officer of Prime Risk Partners. "We are thrilled to be in business with the ONI team."
Prime Risk Partners says all operations plan to expand in the future. The sale was announced on the same day ONI’s former parent, Evansville-based Old National Bancorp (Nasdaq: ONB), announced the closing of its $460 million merger with Anchor BanCorp Wisconsin Inc.