Independent agencies Northridge Insurance and Scanlon Guerra Burke will combine their operations creating one of the largest insurance brokerages in Los Angeles.
The combined agency will have premium revenue of more than $100 million a year and about 70 employees, says SGB CEO Jim Scanlon. It will offer all lines of insurance for both businesses and individuals.
"We are very excited about this agreement," Scanlon says. "There are very few independent brokers of this size in Southern California."
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SGB was started in 1964 by Scanlon's father and has developed a niche servicing the manufacturing and tool industry in the Los Angeles, San Fernando Valley and Ventura, Calif. counties. In 2009, they became the master broker for the Household Industries Self-Insured Group, a single pool of self-insured retailers.
NIA was started in 1931 in the San Fernando Valley and has expanded to three locations. NIA offers all lines of personal insurance, business insurance, life and health insurance, and employee benefits.
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