Prime Risk Partners to acquire independent agency

Prime Risk Partners Inc. said on Monday that it will acquire Indianapolis-based independent insurance agency Old National Insurance.

The transaction is expected to close by the end of the second quarter of 2016. The terms of the transaction were not disclosed.

Old National will operate under the name ONI Risk Partners and will retain all of its offices, with plans to expand. The ONI leadership team and employees will continue in their current roles. Prime Risk Partners will also acquire Old National subsidiaries JWF Specialty Co. and Employee Plans L.L.C., Prime Risk Partners said in a statement.

“We are extremely excited to partner with Tom Flynn and his team to grow the ONI platform,” Bret Quigley, chairman and CEO of Prime Risk Partners said in the statement. “ONI is known for excellence when it comes to insurance distribution, claims management, and specialty services both in the Midwest as well as nationally. We welcome the ONI staff and clients to the Prime Risk Partners team.”