The Liberty Company Insurance Brokers (LCIB), announced Wednesday, August 28, it has entered into a definitive partnership with Moody Insurance Group of Ft. Lauderdale, Florida. This marks Liberty’s first business venture outside of California.
According to a report from PR Newswire, the recent agreement comes as the company’s first step among the several transactions it will be doing this year as part of Liberty’s expansion plans.
“There is no shortage of options for agency owners in today’s market of consolidation, but for me it came down to the people,” said Tom Moody, President and Founder of Moody Insurance Group, when asked about the said partnership.
“Who can you trust? Who can you see yourself working with? What do their existing partners or staff say about the company? This is where Liberty shines. Now I can provide great support for my staff and leverage off the company’s resources for a level of growth I could not achieve alone. We are super excited about the future,” he continued.
Founded in 1992, the Moody Insurance Group is an insurance company based in Fort Lauderdale, Florida. It specializes in providing different types of insurance plans, including yacht insurance, business insurance, and personal insurance.
The Liberty Company Insurance Brokers (LCIB), on the other hand, is an independently owned insurance broker based in Los Angeles. It offers commercial insurance, personal insurance, specialty programs, group benefits, and risk management services. The company now takes pride in over 100-strong team and about 20, 000 clients.
“Why should California have all the fun?” said Liberty CEO, Jerry Pickett. “Tom has a very solid business and an impressive team of people. We see him being a great ambassador for the tremendous growth potential in the state of Florida and we’re very excited to have him as part of the Liberty leadership group,” he added.