Inszone Insurance Expands Reach with Strategic Acquisition of Caspian Insurance

Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, announced the acquisition of Caspian Insurance, a long-standing agency serving Sherman Oaks, California.

Founded in 1985 by Ira Monifi, Caspian Insurance has been a trusted name in the insurance industry, specializing in insuring properties such as apartment buildings, shopping centers, and office buildings. Over the years, Caspian Insurance has built a strong reputation through word-of-mouth referrals and a steadfast dedication to meeting the unique needs of its clients.

Chris Walters, CEO of Inszone Insurance Services, expressed his enthusiasm about the acquisition, stating, "This strategic move aligns with our vision to bolster our presence in the insurance market, particularly in the property insurance sector. We recognize the exceptional legacy that Ira has built with Caspian Insurance, and we are eager to continue and build upon that tradition of excellence."

As Ira Monifi transitions into retirement in the coming months, he expresses confidence that his clients will be in good hands under the Inszone Insurance umbrella. The integration of Caspian Insurance into Inszone's Los Angeles location will ensure a seamless transition for clients, who will benefit from a broader range of insurance options and enhanced service offerings.

Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm that provides a broad array of property & casualty insurance and employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically and through acquisitions. With 64 locations across California, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington, the company is looking to expand further throughout the United States.

For more information about Inszone, please visit www.inszoneinsurance.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514096444/en/