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Higginbotham acquires commercial insurance broker

Fort Worth, Texas-based Higginbotham has acquired the business of Colt Risk Management Services, a commercial insurance broker specializing in aviation risk.

Colt Risk Management Services' personnel transferred to Higginbotham's office in Friendswood, Texas. The office now has a combined staff of nearly 40 insurance and employee benefit professionals.

Colt Risk Management Services was the exclusive insurance services provider of Colt International LLC from 2010 to 2018.