Relation Insurance Services Expands Presence in Illinois with Kane Insurance Acquisition

Relation Insurance Services, a leading insurance brokerage firm, has announced its latest strategic move to acquire the assets of Kane Insurance Agency. The acquisition, effective from December 1, 2023, marks a significant milestone for Relation Insurance Services as it seeks to expand its footprint in Illinois.

Kane Insurance Agency, based in Salem, IL, has been serving individuals and businesses for over 60 years. The agency, owned by the Kane family for three generations, has established a strong reputation for providing risk management solutions to its clients. With this acquisition, Relation Insurance Services aims to tap into Kane's specialized expertise and extensive carrier network to offer enhanced coverage options to its customers.

Tom Kane, Principal of Kane Insurance, expressed his excitement about the partnership, stating, "We joined Relation knowing that this partnership would enable us to better serve our customers. Partnering with Relation will allow us to tap into great resources of specialized expertise and a broad network of carrier relationships to truly offer our customers the very best coverage."

As part of the acquisition, Tom Kane will continue to lead the day-to-day operations at Kane Insurance Agency, ensuring a seamless transition for existing clients. This move further strengthens Relation Insurance Services' commitment to providing exceptional service and maintaining the trusted relationships Kane has built over the years.

Tim Hall, Chief Executive Officer for Relation Insurance Services, emphasized the significance of this partnership, stating, "By partnering with such a reputable and experienced company as Kane, Relation has greatly enhanced its footprint in Illinois. Kane brings tremendous experience in risk management solutions to Relation, and we are excited to welcome their team to ours."

Relation Insurance Services, known for its people-first approach and commitment to delivering superior risk-management and benefits consulting services, has been actively seeking opportunities to expand its offerings and geographic presence. The company provides equity ownership opportunities for insurance entrepreneurs, fostering collaboration and entrepreneurship within the industry.

Relation Insurance Services, Inc. is a privately held insurance brokerage firm with a nationwide presence and a strong focus on risk management and benefits consulting. With approximately 1,300 employees and over 145 locations across the United States, Relation Insurance Services is consistently ranked among the top 25 largest agencies in the country by revenue, according to Insurance Journal.

Backed by Aquiline Capital Partners, a renowned private equity firm specializing in financial services and technology investments, Relation Insurance Services is well-positioned to drive innovation and deliver exceptional services to its clients.

In conclusion, Relation Insurance Services' acquisition of Kane Insurance Agency strengthens its market presence in Illinois and enhances its capabilities to provide clients with top-notch risk management and coverage options. This strategic move reflects Relation Insurance Services' ongoing commitment to expansion and delivering exceptional value to its clients.