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AssuredPartners buys Illinois brokerages


AssuredPartners Inc. acquired two Illinois brokerages this week, the Lake Mary, Florida-brokerage said in statements.

Terms of the transactions were not disclosed.

AssuredPartners bought Elgin-based Lundstrom Insurance Agency Inc. on Thursday and Elk Grove Village-based Corkill Insurance Agency Inc. on Tuesday.

Lundstrom reports $7.3 million in annualized revenues, a statement Thursday said. The broker offers a range of business liability and other commercial insurance, according to its website.

Corkill reports $23 million in annualized revenues, a statement Tuesday said. Corkill supplies commercial and specialty coverages, according to its website.

Corkill’s staff of 104 will remain under the operational leadership of Luke Praxmarer and Paul Praxmarer, the statement said.

AssuredPartners was 12th among the top 100 brokers in revenue generated by U.S. clients in rankings by Business Insurance.





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