Location: Sacramento, Ca.

Agency Description:

• 100% Personal Lines
• Carriers include: Mercury, Safeco, Unitrin, Travelers, Commerce West, Progressive
• Perfect Fold In to Existing Agency
• Revenue: $88,000 (50% Mercury, SafeCo)
• Book is mostly monoline business. Full of Cross Sell Opportunities.
• Must be Existing Mercury Agent to Purchase
• Click here for a Non-Disclosure Agreement to receive additional information

If you own an agency with a heavy carrier concentration in Mercury, Safeco, Travelers, Hartford, Allied or other preferred market and are considering selling in the next year, you can fetch top dollar for your agency. Even though the economy is sour and banks aren’t lending money, there’s a lot of money on the sidelines from  buyers looking to grow their agency through acquisition. Continue reading "Preferred Personal and Commercial Lines Insurance Agencies in High Demand"

Mercury General reported net income in the first quarter 2009 was $96.7 million compared with net loss of $4 million for the same period in 2008. Included in net income are net realized investment gains, net of tax, of $50.7 million in the first quarter of 2009 compared with net realized investment losses, net of tax, of $59.9 million for the same period in 2008. Continue reading "Mercury General Reports Implements Salary Freeze, 7% Workforce Reduction"

Los Angeles-based Mercury Insurance has been named as one of America’s 100 Most Trustworthy Companies in an annual survey commissioned by Forbes.com. Mercury is only one of 10 companies to appear on the list three years in a row, and the company achieved the highest score awarded for the second consecutive year. Continue reading "Mercury Insurance Named One of America’s Most Trustworthy Companies"

George Joseph of Mercury Insurance recently spoke to the IBA West and had this to say about the independent agency system. You can read the full article here - compliments of the Insurance Journal.

Aon reported they’ve completed the sale of Auto Insurance Specialists to Mercury General Corp.

Chicago-based insurance broker Aon Corp. has completed the sale of AIS Management, LLC, which is the parent company of Auto Insurance Specialists, LLC, to Mercury General Corp.

Aon said it received $120 million in cash at the closing on Jan. 2, and may receive potential earn out of up to $34.7 million in additional consideration payable over the two year period following the transaction closing date.

You can read the full article in the Insurance Journal here.

If you own a preferred book of business and are considering selling it in the next six months, we have buyers ready, willing and able to buy your agency. The demand for insurance agencies hasn’t waned in spite of the economic turmoil we’re in. It’s harder to borrow money to buy an agency, but many of our buyers are capitalized and can offer excellent terms with a quick no hassle close. Continue reading "Mercury, Safeco and other Preferred Insurance Agencies"

I’m sure many of you have heard that Mercury Insurance Company acquired The Auto Insurance Specialists. This came as quite a shock to many people in the insurance industry. You can read the full article here.

Location: Los Angeles, Ca.
Annual Revenue: $145,000
Asking Price: $250,000
Agency Description: Continue reading "NO LONGER AVAILABLE: Small Mercury Agency for Sale in Los Angeles"

Location: North Orange County, California
Annual Revenue: $100,000
Asking Price: $155,000
Agency Description: Continue reading "SOLD: Mercury Book of Business in Orange County"