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Business Observer Sunday, Dec. 13, 2020 1 year ago

Insurance firm, after deal, projects 30% increase in business

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Iron Ridge Insurance Services plans to increase its client base in condominium and homeowners associations.

FORT MYERS — Iron Ridge Insurance Services has acquired Centennial Insurance Services, combining two Southwest Florida agencies.

Terms of the deal weren’t disclosed.

Officials with Fort Myers-based Iron Ridge, according to a statement, say the deal will “significantly increase” it’s presence and work with condominium and homeowners associations. Centennial is also based in Fort Myers.

“This move will increase our business by about 30%,” Iron Ridge CEO Norman Lutz says in the statement. “Our team has already reached out to our new clients to introduce ourselves, and the response has been very positive overall. We look forward to providing them with the same excellent service that our existing clients receive.”

Iron Ridge primarily serves commercial clients, with particular focus on physician and physician practices and architects and engineers. In conjunction with the transaction, Centennial account executive Jackie McRedmond will transition to the Iron Ridge Insurance team to ensure a smooth changeover. McRedmond, the release states, has extensive experience in providing service to homeowner and condominium associations and to religious organizations.

“We’re thrilled to have Jackie on board,” Lutz says in the statement. “Not only is she experienced in commercial insurance, but she’s also established a strong connection with our new clients. Jackie will be a great asset to our business and to our insurance customers.”

Iron Ridge Insurance Services was founded in 2011.

 

 

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