Wednesday, December 17, 2008

Euclid Purchases The American Insurance Agency

Euclid Insurance Services Inc. has acquired Park Ridge, Illinois-based The American Insurance Agency Inc., a retail insurance agency offering commercial property and casualty, employee benefits and personal lines insurance services to clients throughout the Midwest.

Founded in 1936, The American Insurance Agency specializes in providing insurance products and risk management services to the manufacturing, wholesale, retail, construction and professional services industries.

The acquisition reportedly further strengthens Euclid's presence in those sectors while adding to Euclid's growing personal lines client base. American Insurance Agency Chairman Roger Hackett and President Robert McDonnell and their associates have relocated to Euclid's offices in Itasca.

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