Heffernan Insurance Brokers Acquires Henderson Insurance

Heffernan Insurance Brokers acquires Henderson Insurance

Heffernan Insurance Brokers has purchased the assets of the Newport Beach, CA-based firm Henderson Insurance.

Operating for more than 47 years, Henderson Insurance is an expert in providing specialty insurance to the dry cleaner and laundry industries. A release said that the acquisition of Henderson will be a “pronounced enhancement” to Heffernan’s niche practices.

Following the acquisition, the Henderson team will join HeffDirect, a division of Heffernan Insurance Brokers, effective December 01, 2019. Henderson executives Scott Henderson, Laura Henderson, Jackie Smith, Julie Nii, and Eric Manzo will also join Heffernan’s operations.

“Henderson’s unique skillset and knowledge of the dry cleaning and laundry industry will be a great addition to the team,” commented Heffernan president and CEO F. Michael Heffernan. “We’re looking forward to expanding our niche practices and our future together.”

Henderson Insurance president Scott Henderson commented that cleaners and laundries have changed since his company first insured a single-location cleaner. Modern cleaners are now more sophisticated, and are multi-location enterprises with more complicated insurance needs.

“Heffernan gives us broad policy offerings to allow us to fully serve the insurance needs of every cleaner and laundry, regardless of size,” explained Henderson, who added that the acquisition allows the team to expand its offering, from serving only seven states to providing insurance to cleaners anywhere in the US.

RECENT NEWS

The Fundamentals Of Asset-Liability Management

Author: Ricardo Goulart                           ... Read more

Enhancing Shareholder Value Through Fiscal Responsibility

Author: Brett Hurll                            &nb... Read more

The Importance Of Life Insurance In Financial Planning

Life is unpredictable, underscoring the cardinal rule within the realm of finances, "expect the unexpected.” Life insu... Read more

How Insurance Companies Determine Premiums

Decoding the labyrinth of how insurance companies determine premiums isn't as daunting as it seems. Essentially, insuran... Read more

Different Types Of Insurance And Their Benefits

Engaging with the intricate world of finance presents an age-old certainty - "Different types of insurance and their ben... Read more

Machine Learning In Risk Assessment For B2B Loans

Risky business, and even riskier decisions – that's where machine learning in risk assessment for B2B loans finds a pl... Read more