Breckenridge IS, Inc., a specialty underwriter and program management company based in Cleveland, has acquired Overby-Seawell Co., a Kennesaw, Georgia-based specialty financial services insurance broker to lenders.
IS oversees specialty wholesale insurance brokerage, managing general agencies and underwriting and insurance services.
Overby-Seawell Co. offers lender-based insurance products to commercial and community banks, bank-holding companies, credit unions, consumer finance companies, acceptance companies, managing general agents, insurance brokers and agents, and insurance carriers.
Tracey Carragher, CEO of Breckenridge IS, said, this strategic partnership will enable Breckenridge to expand Overby-Seawell geographically.
Larry Overby, CEO of Overby-Seawell, will continue as CEO along with the other members of the company’s senior management team.
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