Navigation Links
BB&T Insurance Services to acquire Georgia agency
Date:12/13/2007

RALEIGH, N.C., Dec. 13 /PRNewswire-FirstCall/ -- BB&T Insurance Services, the nation's seventh largest insurance broker, today said it plans to expand its metro Atlanta operation with the acquisition of Ott & Company of Alpharetta, Ga.

Founded in 1978, Ott & Company is a full-service employee benefits brokerage providing medical and dental benefits, life insurance, and disability income insurance to more than 400 corporate clients.

The transaction is expected to be completed in early January. Terms were not disclosed.

BB&T Insurance Services plans to merge Ott & Company with its existing Alpharetta agency, BB&T-Huffines Russell. BB&T announced similar plans earlier this year for the Alpharetta office of the Sidney O. Smith Inc. insurance agency, which it acquired in November.

"Combining Ott & Company with both BB&T-Huffines Russell and Sidney O. Smith's Alpharetta agency will give BB&T Insurance a well-rounded and significant insurance brokerage operation in this prestigious area of greater Atlanta," said Wade Reece, chairman and chief executive officer of BB&T Insurance Services. "Ott & Company is a leader in providing employee benefits and is an outstanding addition to BB&T."

Ott & Company has 13 employees, all of whom will remain with the combined company, Reece said.

"Having worked with Sidney O. Smith for years, I was given an inside look at BB&T Insurance and knew right away that combining forces was right for my clients and my employees," said Stephen Ott, president of Ott & Company. "My partner, Doris Marcus, and I look forward to being part of BB&T Insurance."

BB&T Insurance Services is a wholly owned subsidiary of Branch Banking and Trust Company. Founded in 1922, it operates 84 insurance agencies in North Carolina, Virginia, Georgia, South Carolina, Maryland, West Virginia, Tennessee, Florida and Kentucky.

Branch Banking and Trust Company is the principal subsidiary of Winston- Salem N.C.-based BB&T Corporation (NYSE: BBT). With $130.8 billion in assets, BB&T Corp. is the nation's 14th largest financial holding company. More information about the company is available at http://www.BBT.com.


'/>"/>
SOURCE BB&T Corporation
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Patients with Medicaid and those lacking insurance have higher risk of advanced laryngeal cancer
2. Insurance Impacts Laryngeal Cancer Detection
3. Record Number of Americans Lack Health Insurance
4. National Association of Subrogation Professionals (NASP), the Largest Insurance Subrogation Association in the World - Announced Today that Leslie Wiernik has Joined the Organization as Director of Education
5. CIGNA Group Insurance Shows Consumers Theres More to Life Through a New Consumer Education Toolkit
6. HealthInsuranceFinders.com Launches Video Contest for Young Directors
7. Dr. Allen Woolf Appointed Chief Medical Officer For CIGNA Group Insurance
8. International Gateway Insurance Brokers Partners With MEDILINQ
9. New AHIP Report Takes a Ten Year Look at the Unintended Consequences of State Efforts to Change the Insurance Market
10. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
11. Health Insurance Industry Contributions to Politicians Block Regulation, Affordability in Health Care Debate, Says FTCR
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The House ... most popular and least understood books in the Holy Scriptures, Revelation. The Book of ... baffled scholars for centuries. Many have tossed it off as mere rubbish, but Yisrayl ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian history ... The Brink” is the creation of published author, William Nowers. Captain Nowers and ... WWII veteran, he spent thirty years in the Navy. Following his career as ...
(Date:10/12/2017)... ... 12, 2017 , ... The company has developed a suite ... regulatory authorities worldwide. From Children’s to Adults 50+, every formula has been developed ... , These products are also: Gluten Free, Non-GMO, Vegan, Soy Free, Non-Dairy*, ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information about the technology: ... develop to enable prevention of a major side effect of chemotherapy in children. ... pediatric patients. For cisplatin, hearing loss is FDA listed on-label as a dose ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... On Saturday, ... a treadmill relay – Miles by Moonlight to raise money for the American Heart ... or more. , Teams will work together to keep their treadmills moving for ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... , Oct. 2, 2017 Diplomat Pharmacy, Inc. ... Day Software and Consulting, LLC , and named its ... Software, based in Tennessee , will ... Day expands EnvoyHealth,s service offerings for health care partners ... "In an interoperable world, ...
(Date:9/28/2017)... 28, 2017 Hill-Rom Holdings, Inc. (NYSE: HRC), ... call and webcast on Friday, November 3, 2017, beginning ... ending at approximately 8:30 a.m. (CDT) / 9:30 a.m. ... 2017 financial performance and guidance for 2018, Hill-Rom executives ... enhance operational performance, and long-range financial outlook through 2020. ...
(Date:9/25/2017)... Sept. 25, 2017  EpiVax, Inc., a leader ... and immune-engineering today announced the launch of EpiVax ... of personalized therapeutic cancer vaccines. EpiVax has provided ... access to enabling technologies to the new precision ... lead EpiVax Oncology as Chief Executive Officer. Gad ...
Breaking Medicine Technology: