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INSURICA announces merger with Texas broker

INSURICA Insurance Management Network, of Oklahoma City, announced the acquisition of Texas-based DFB Insurance Group LLC.

The deal is effective Jan. 1, 2017, and the combined company will be named INSURICA DFB Insurance Services LLC.

The acquisition will grow INSURICA's revenues to nearly $100 million, and the company expects to place more than $1 billion in annual premiums, INSURICA said in a Dec. 14 release. The company will have more than 500 workers in 31 offices in Oklahoma, Texas, Arkansas, Colorado, Arizona and California.