An arm of Lockton Companies wants to expand its ability to serve as a wholesaler for life, annuity and non-medical health products.
The company’s Lockton Affinity affiliate acquired The BluePrint Insurance Services earlier this week.
Lockton is a Kansas City, Missouri-based insurance broker. Its Lockton Affinity unit runs big insurance sales programs for banks, fraternal organizations and other organizations.
The BluePrint Insurance Services is a San Diego-based insurance agency that acts like an insurance pharmacy: If an accountant, lawyer or RIA who does not sell insurance says a client needs life insurance, annuities or related products, The BluePrint fills the insurance prescription.
The BluePrint can help a client get life insurance, annuities, long-term care insurance and disability insurance.
The BluePrint will continue to serve RIAs and other financial professionals, according to Lockton Affinity.
Terms were not disclosed for the sale, but Matt Meyer, The BluePrint’s co-founder, will become Lockton Affinity’s director of life insurance planning and distribution.
Michael Robinson, another co-founder, will become the Lockton Affinity annuity sales manager.
In other deal news:
Integrity Market Group LLC, Dallas, has acquired Advisors Insurance Brokers, a brokerage general agency based in Clifton Park, New York.
Integrity Marketing has relationships with about 325,000 independent agents. It expects to help insurers sell enough coverage to generate about $3.5 billion in new annual premium revenue.