Inszone Insurance Services has announced its acquisition of Nugent Insurance Brokers, LLC, continuing its strategic expansion and adding another legacy insurance firm to its network.
Founded by Valerie (pictured above) and Tom Nugent Jr, Nugent Insurance Brokers has served clients for decades, with roots tracing back to the 1970s when Tom Nugent Sr launched Newport Pacific Insurance. Following his passing in 1984, Valerie and Tom Jr continued to grow the family business, establishing strong client relationships and a dedicated approach to service.
In 2002, the Nugents relocated to Chico, Calif., and rebranded as Nugent Insurance Brokers, maintaining a focus on personalized commercial insurance solutions. The acquisition by Inszone will allow Nugent Insurance Brokers to expand its offerings, particularly in personal lines, by accessing Inszone’s broad range of markets and services.
Valerie Nugent said that Inszone’s blend of large-scale capabilities with a local, family-oriented approach made it an appealing choice.
“We were impressed by their commitment to customer service and market expansion. We’ve always treated our clients like family, and I’m confident that Inszone shares our values. This partnership will ensure that our clients continue to receive the same excellent service they’ve come to expect, while also offering them expanded insurance options,” she said.
As part of the acquisition, Marissa Nugent, daughter of Valerie and Tom Jr, will remain with Inszone, continuing the family’s legacy into its next phase. Valerie highlighted her confidence in the transition process, crediting positive interactions with Inszone’s CEO, Chris Walters, and Corporate Development Associate, Ryan Bybee, as key factors in her decision.
“Chris and Ryan were both very open and honest throughout the process, and I appreciated their transparency,” she said. “Their experience with transitioning agencies reassured me that we were in good hands.”
Walters stated that Inszone is honored to incorporate Nugent Insurance Brokers’ legacy and looks forward to expanding the services available to its clients.
“The Nugent family has built a remarkable legacy over the past several decades, and we’re honored to carry that forward. We look forward to expanding the options available to their clients while maintaining the personal touch that has been the hallmark of their business,” Walters said.
The acquisition strengthens Inszone’s position in the commercial insurance market and enables Nugent Insurance Brokers to extend its reach into personal lines through Inszone’s network of carriers.
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