Higginbotham swoops for Texas agency

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Higginbotham, one of the largest independent insurance, finance, and human resources companies in the United States, has acquired MGM Benefits Group, a Texas-based social security company that serves as an agency for employers and a managing general agency for brokers.

The deal will allow MGM to offer its customers – primarily schools and universities – additional coverage lines and account services, including commercial property and liability insurance and risk management assistance.

“With the combined strength of our companies, the schools and universities we oversee will have a partner for their entire insurance program, whether it be to cover their business risks, their student risks, or the health and wellbeing of their employees,” said Rusty Reid, chairman and CEO of Higginbotham. “We are honored that MGM joins our quest to serve the institutions that serve our community.”

Next read: Higginbotham to acquire independent insurance broker based in TX

“We are constantly looking for ways to improve the lives of our broker partners, group clients and their employees,” said Glenn Turchi, President of MGM. “In Higginbotham, we have found a long-term strategic partner who is aligned with the same passion and focus on delivering first-class employee benefits and creating value with the additional coverage and services that we can now access.”

Turchi will continue to lead the existing MGM team along with Leslie Benavides, Director of Marketing and Sales Support, and Meghan Garret, Director of Sales.

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