Relation Insurance Services, Inc. Expands its Employee Benefits Practice with Acquisition of NSBP and HRVS

In a major move to expand its reach and enhance its services, Relation Insurance Services, Inc. ("Relation") has acquired the assets of North Shore Benefit Partners Corporation ("NSBP") and HR Virtual Solutions, LLC ("HRVS"). This strategic acquisition solidifies Relation's position as a leading insurance brokerage and benefits consulting firm in the United States.

Based in the Chicagoland area, NSBP and HRVS have been providing comprehensive employee benefits solutions to clients throughout Illinois. With this acquisition, NSBP and HRVS will become part of Relation's Great Lakes Region. Bob Levy, principal at NSBP, and Joe Indovina, principal at HRVS, will continue to lead their respective firms under the Relation umbrella.

The acquisition marks an exciting milestone for Relation as it expands its employee benefits practice in the Illinois marketplace. Tim Hall, CEO of Relation, expressed his enthusiasm, stating, "We are thrilled to welcome NSBP and HRVS to Relation. Their collective experience and knowledge of employee benefits solutions will greatly enhance our services provided in the Illinois marketplace."

Relation Insurance Services is a prominent insurance brokerage that offers top-tier risk management and benefits consulting services across the United States. In fact, it is ranked within the top 25 largest agencies in the country by revenue, according to Insurance Journal. With approximately 1,350 employees and over 137 locations nationwide, Relation has established itself as a trusted partner for businesses seeking comprehensive insurance solutions.

As a privately held corporation, Relation is backed by Aquiline Capital Partners, a distinguished private equity firm with a global presence. Aquiline Capital Partners, headquartered in New York and London, specializes in investing in businesses across the financial services and technology sectors. This partnership provides Relation with the necessary resources and support to further enhance its capabilities and expand its market reach.

With a focus on delivering exceptional client service, Relation Insurance Services leverages its extensive industry expertise to help organizations manage their risks effectively and develop competitive employee benefits packages. The acquisition of NSBP and HRVS allows Relation to tap into the wealth of knowledge and experience possessed by these two companies, enabling them to provide even more effective solutions to clients.

By combining forces, Relation, NSBP, and HRVS can leverage their collective strengths to deliver tailored employee benefits solutions that address the unique needs of Illinois-based businesses. The acquisition strengthens Relation's position in the market and positions the company for further growth and success.

For more information about Relation Insurance Services and its comprehensive range of risk management and benefits consulting services, please visit their website at www.relationinsurance.com.