Old National Bancorp has entered into definitive agreements to acquire J.W.F. Insurance Companies Inc., which does business as the J.W. Flynn Company, and J.W.F. Specialty Company Inc., a related alternative risk services company.
Headquartered in Indianapolis, the J.W.F. Insurance Companies provide risk management, insurance brokerage and third-party administrators in the central Indiana marketplace. The acquisition also gives Old National one of the largest insurance brokerage operations throughout Indiana.
With this new addition, the ONB Insurance Group, a wholly-owned subsidiary of Old National Bancorp, reportedly expects to have annual revenues of $43 million and will employ nearly 325 associates.
J.W.F. Specialty Cos. third-party claims administration and managing underwriting programs serve clients in Indiana and throughout the United States.
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