Mergers & Acquisitions
Relation Insurance acquires the assets of The SIG Insurance Agencies
Walnut Creek, CA., July 21, 2021—Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of The SIG Insurance Agencies (“SIG”). The partnership with SIG meaningfully strengthens Relation’s existing capabilities and further expands the platform’s geographic presence in the Northeast.
Headquartered in Connecticut with additional operations in New York, New Hampshire, and Rhode Island, SIG is one of the premier independent agencies in the Northeast. Founded in 1991, SIG focuses on commercial and personal lines insurance products, employee benefits, and financial services products. SIG offers customized solutions to address each client’s risk management needs and has a demonstrated track record of growth and client satisfaction. SIG is led by experienced insurance industry veterans Brian Rogers and John Cody, who will continue in their company’s leadership. All 65 of SIG’s employees will join Relation.
“When looking at potential partners, it was important to find a company that matched SIG’s vision and culture,” said Brian Rogers, President of SIG. “Relation places great emphasis on the customer experience and its employees – and these are the two most important things to us. We look forward to being part of the Relation family and enriching the relationships we have with our clients and employees.”
“The SIG Insurance Agencies was able to grow over the past 23 years from one location in Stamford, CT to twelve locations in Connecticut, New York, Rhode Island and New Hampshire, with hard work from a great SIG team that values client relationships,” said John Cody, Chief Operating Officer of SIG. “When we had the opportunity to meet the leadership at Relation, we realized this would be a great opportunity for SIG to help Relation grow in the Northeast. Our business models are very similar, and we feel that this relationship will allow us to serve our clients better and create new ones with the added benefits and expertise that the Relation family offers us.”
“From the moment we met Brian and John, we could see that SIG’s culture aligns perfectly with Relation’s,” said Tim Hall, Executive Vice President and Head of M&A for Relation. “With that strong cultural foundation in place, we are proud to partner with SIG to expand our Northeast presence and look forward to providing our new colleagues with the tools, resources, and capital to continue their growth.”
About Relation Insurance Services, Inc.
Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States. It is ranked by Insurance Journal within the top 30 largest agencies in the country by revenue and has approximately 915 employees across more than 80 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visit: www.relationinsurance.com for more information.
Tim Hall, EVP & Head of M&A
Relation Insurance Services, Inc.