California-based nationwide company Relation Insurance coverage Companies studies it has acquired the property of Guilford, Connecticut-based Yerkes-Stephens Insurance coverage.
Yerkes-Stephens was beforehand a part of Nationwide Mutual Insurance coverage Co.’s unique distribution community.
Phrases of the transaction weren’t disclosed.
Yerkes-Stephens gives private and industrial traces insurance coverage to shoppers all through Connecticut. It’s a long-standing Nationwide unique company that went impartial and can be a part of Relation’s principal avenue/small industrial division.
Andy Stephens will proceed to steer Yerkes-Stephens underneath Relation.
Relation Insurance coverage Companies is ranked by Insurance coverage Journal inside the prime 35 largest companies within the nation by income and has roughly 1,200 staff throughout greater than 125 places nationwide. Relation is a privately-held company backed by Aquiline Capital Companions, a personal fairness agency.
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