Virtus Acquires Cobbs Allen’s Kansas City Employee Benefits Unit

Insurance brokerage, Virtus, has acquired Cobbs Allen’s Kansas City employee benefits practice. This acquisition supplements Virtus’ Kansas City presence and adds depth and expertise to its employee benefits practice group.

Virtus was founded in Kansas City in 2013 with a focus on building a next generation insurance brokerage and consulting firm. Virtus subsequently has added offices in Chicago and Fort Collins.

Virtus CEO Andrew Gray said in a press release that the company “will continue investing in high quality teams and people to enhance our client solutions and add scale to our business. We are thrilled to add the team from Cobbs Allen and look forward to a great future together.”

Cobbs Allen is headquartered in Birmingham, Alabama. Cobbs Allen will continue to maintain a property/casualty presence in Kansas City.

Terms of the transaction were not disclosed.

Source: Virtus