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Higginbotham Enters Florida with McMahon and Hadder Insurance Merger
Thursday 03 December 2020

US-based insurance firm Higginbotham and McMahon and Florida, US-based insurance broker Hadder Insurance, have merged operations, the firm said.

Higginbotham has more than 45 offices in five states providing commercial and personal property/casualty insurance and employee benefits as well as risk management, benefit and HR services.

The partnership with McMahon and Hadder adds 25 professionals in these practice areas and a new state to Higginbotham's expanding presence across the southeast region of the US

Higginbotham is executing on a growth strategy whereby it partners with independent insurance brokers that add scale to its operation.

The addition of McMahon and Hadder brings more than 5,000 clients that will give Higginbotham a solid foundation for growth in Florida. For McMahon and Hadder, the partnership gives it the capacity to offer added risk management and employee benefits services through Higginbotham's vast resources.

Higginbotham named Donald McMahon and John McMahon managing directors, and they will continue co-leading the Florida operations as McMahon and Hadder Insurance, A Higginbotham company.

McMahon and Hadder Insurance is an independent insurance broker in Pensacola, FL, offering financial services and all lines of insurance, including those unique to coastal cities that cover waterfront exposures.

Its principals have been practicing insurance in Florida for 30 years, and the firm was named Agency of the Year by the Professional Insurance Agents of Florida.

Higginbotham is a single source for insurance and financial services that brokers business insurance, employee benefits, retirement plans, executive benefits, life insurance and home/auto insurance from more than 250 regional and national carriers.

It supplements coverage with in-house risk management, benefit plan administration and human resources services.

The firm was founded in 1948 and is headquartered in Fort Worth, Texas, with more than 45 additional offices statewide and in Oklahoma, Georgia, New Mexico and California serving domestic and international customers.

Higginbotham ranks by revenue as the nation's 21st largest independent insurance brokerage firm, making it the largest Texas-based broker.
Date Published: 03/12/2020