Higginbotham announced Aug. 9 the acquisition of the business of Colt Risk Management Services (CRMS). CRMS’s personnel moved to Higginbotham’s office in Friendswood, giving it a combined staff of nearly 40 insurance and employee benefit professionals serving businesses and individuals.
CRMS is an independent commercial insurance broker specializing in aviation risk. It came to Higginbotham from Colt International where it provided insurance services to aviation companies worldwide.
“Aviation is a high-stakes industry that requires experience to properly cover its exposures,” said Ryan Moss, managing partner of Higginbotham in Friendswood. “The experience CRMS brings to Higginbotham opens the door to a new market for us, and CRMS’s reputation is notable in the aviation industry.”
John Springrose, president of CRMS, said, “Higginbotham’s team atmosphere was especially appealing to me. Everyone supports each other to achieve the highest customer satisfaction. Our clients will continue doing business with us, but now we have teams dedicated to risk management and employee benefits that expand what we can do for them.”
Higginbotham, headquartered in Fort Worth, is ranked by revenue as the largest independent insurance broker based in the state. It operates 29 offices in Texas and Oklahoma City and entered Friendswood in 2010 through a merger. Higginbotham has practice groups for more than 20 industries.
CRMS will operate under the Higginbotham name at 306 W. Parkwood Ave. with Moss as managing partner and Springrose as vice president.