Insurance and financial services firm Higginbotham has acquired J.M. Insurance Agency, an independent broker of property and casualty insurance, workers’ compensation and employee benefits.
Higginbotham provides a range of insurance, employee benefit and risk management solutions, including single-parent and group captive insurance. Captive services encompass actuarial analysis and regulatory compliance, such as documentation preparation, reserve analysis, regulatory reporting, tax return filing and record management.
This marks Higginbotham’s fourth office in Tennessee in just over 12 months following the firm’s merger with Lipscomb & Pitts Insurance in 2020 as part of its strategic growth to increase service capabilities.
Under the combined companies, Beau Massengille, president of J.M. Insurance Agency, will be appointed managing director of Higginbotham, where he will continue to oversee J.M. Insurance Agency’s existing team.
Massengille comments: “We are a client-centric agency that is driven by a mission to build trusting relationships. Partnering with Higginbotham gives us additional resources and services that otherwise would have taken us 10 years to attain.”
Johnny Pitts, managing partner of Lipscomb & Pitts, a Higginbotham partner, adds: “When we joined Higginbotham, we were already the largest independent insurance broker in the state. Our success story of merging operations and cultures with another large firm is a great testimony for other agencies in growth mode.”
He concludes: “Higginbotham has a great platform for client growth and employee satisfaction that is taking off in Tennessee.”
