The two largest independent insurance agencies in Cleveland, Tennessee, announced Monday they have combined operations under the ownership of Chattanooga-based RSS Insurance.
McIntire Insurance and Insurance Incorporated, which both trace their roots back to the 1940s, are coming together in a single office under the Insurance Incorporated banner, which is a division of RSS Insurance. The combined agency will have about 25 employees and marks the third acquisition of an insurance agency in Cleveland by the growing RSS agency.
“We’ve always had a competitive but friendly relationship with Bob [McIntire] and his team at McIntire Insurance,” Davis Morelock, president at Insurance Incorporated, said in an announcement of the sale of his agency Monday. “Coming together like this, to serve our clients better, just makes sense.”
Morelock, who will serve as managing partner of the Cleveland office, said consolidating with another agency will help better serve clients with more agents and staff and achieve some economies of scale. Although Insurance Incorporated is selling the business, the name will continue to be Insurance Inc. and the combined agency will be housed in the firm’s Georgetown Road office in Cleveland.