Old National Bancorp to Purchase Ind. Insurer

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.