Higginbotham & Associates Inc., a Fort Worth, Texas-based property/casualty insurance and employee benefit services firm, and Capital Benefits Group Inc., an Austin, Texas-based employee benefits consulting firm, have merged their operations to become the largest independent insurance and financial services employer in central Texas.
The firms, with the merger, employ 75 insurance and administrative professionals in Austin, Texas, the companies said in a statement Wednesday.
“Every firm that joins our group brings more diverse experience and extra brainpower to develop innovative solutions for clients,” Rusty Reid, Higginbotham president and CEO, said in the statement. “Before we enter a new partnership, we make sure that our personalities and operating philosophies complement each other. The combined strength of our group not only makes Higginbotham the largest insurance firm in Austin, but it has the potential of catapulting us to the top for all of Texas.”
Higginbotham and Capital Benefits Group will centralize operations and move to a single location in early 2014, according to the release.
“This union gives us added size and scope that increases the value we can offer to clients,” Brian Penny, a founding co-partner of Capital Benefits Group, said in the statement. “Not only do we have more resources for employee benefits, now we have business insurance capabilities too. Our clients can streamline all their insurance services with us.”