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Champion Risk acquires California-based insurance brokerage

Champion Risk & Insurance Services, a San Diego-basedregional insurance brokerage, acquired Adams Clay Insurance Brokerage Co., the Insurance Journal reported April 27.

Terms of the deal were not disclosed.

Adams Clay is a Rancho Santa Margarita, Calif.-basedprovider of insurance services to the moving and storage industry, according tothe report. The company's owner, Robert Swanson, will join Champion Risk.

The acquisition takes effect on May 1, the news publicationsaid.