Inszone Insurance Services has acquired the employee benefits book of business from Josten Financial, Ltd., a Schaumburg, Ill.-based firm founded in 1977.
The transaction includes the employee benefits clients and staff led by Marty Josten, who has been with Josten Financial since 1990.
The remainder of Josten Financial, managed by other members of the Josten family, will continue to operate independently, focusing on wealth management, retirement, life insurance, and related financial planning services.
“I began this journey working alongside my father and have been honored to serve clients and staff through decades of change,” Josten said. “It was important to me to find a partner who valued relationships, consistency, and service as much as I do. Inszone offered that trust and continuity.”
Chris Walters (pictured above), CEO of Inszone Insurance Services, said that the team’s dedication to clients and staff aligns with Inszone’s values and will strengthen the company’s benefits capacity in Illinois and across the country.
Clients from Josten Financial’s employee benefits division will continue to work with their existing contacts, now with access to Inszone’s broader resources and expertise.
The acquisition comes during a period of expansion for Inszone. Earlier this month, the company named Geoff Hatfield as president. Hatfield, who reports directly to CEO Chris Walters, brings over 20 years of experience in insurance brokerage, risk management, and mergers and acquisitions.
Walters said Hatfield’s appointment comes at a pivotal moment as Inszone expands across the Midwest and Eastern US.
Inszone has also expanded its geographic reach through acquisitions in the Pacific Northwest and Mountain West. In September, Inszone acquired High Desert Insurance and Group, LLC, an independent agency based in Bend, Oregon, adding to its portfolio of commercial, personal, and benefits insurance solutions.
In August, Inszone entered the Montana market by acquiring Rocky Mountain Insurance Group, LLC, a benefits-focused agency founded in 2006.
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