Holmes Murphy has partnered with Minneapolis-based construction insurance specialists Cobb Strecker Dunphy and Zimmermann (CSDZ).
The merger, which is the company’s largest to date, adds more than 100 employees, making Holmes Murphy one of the largest employee-owned brokerages in the US.
The move reflects Holmes Murphy’s business strategy, strengthening the company’s depth in the property and casualty and construction and surety industries.
The company is planning to expand further and bring its employee benefits, captive, and personal lines expertise into the mix of exceptional property and casualty services that both companies offer.
CSDZ will continue to operate on a standalone basis from its three US locations, Minneapolis, Salt Lake City and Madison, Wisconsin.
CSDZ chairman and CEO Scott Egginton, who will also take on the role of chairman emeritus, said he couldn’t imagine entering into this kind of partnership with any other company.
He explained: “At CSDZ, relationships are what matter … The future is bright for all our employees, and I look forward to seeing how we can grow with Holmes Murphy.”
According to Daniel Keough, Holmes Murphy chairman and CEO, the opportunity for growth that this merger offered will enhance their clients’ service experience.
“Holmes Murphy has long been known for providing the best insurance solutions to lower our clients’ cost.”
“By adding CSDZ’s expertise, we’re able to take our knowledge and capabilities to the next level.”
