West Texas Insurance Exchange Acquired by Alera Group

Alera Group, an independent national insurance brokerage and wealth management firm, has acquired West Texas Insurance Exchange Inc., located in Odessa, Texas.

West Texas Insurance Exchange serves the insurance needs of many businesses throughout Texas and across the United States. The firm concentrates on the oil and gas industry and the trucking industry, while serving clients in a variety of industries. Established in 1962, West Texas Insurance Exchange offers expertise in all types of commercial business insurance, including commercial auto, umbrella liability, workers’ compensation insurance, and employee benefits.

All West Texas Insurance Exchange employees will continue operating out of the firm’s existing locations under the name West Texas Insurance Exchange, an Alera Group Company LLC.

Terms of the transaction were not disclosed.

Based in Deerfield, Illinois, Alera Group’s over 1,800 employees serve thousands of clients nationally in employee benefits, property and casualty, risk management and wealth management.

Source: Alera Group