Illinois-based First Mid Insurance Group acquiring Missouri insurance agency

Mattoon, Ill.-based First Mid Insurance Group recently announced its expansion in Missouri by acquiring O'Fallon, Mo.-based Mid Rivers Insurance Group.."With multiple locations in Missouri, including the St. Louis metro area and Jefferson City, the acquisition positions FMIG as a predominant agency in Missouri for personal and commercial insurance," according to a press release..First Mid Insurance Group CEO Clay Dean said the acquisition will double the size of the personal lines division while adding producers to its existing Missouri-based sales team. He also expects the acquisition will help customers with personal health insurance coverage, group health insurance and employee benefits. The expansion is also expected to improve the underwriting capabilities of First Mid Insurance Group's direct-to-consumer personal lines. .Dean said he and Mid Rivers Insurance Group Owner Mike Jamison "have forged a relationship over the past few years, and his team has built an incredible business focused on personal and small business insurance needs. Their customer-centric and consultative approach aligns cohesively with our culture." .Both First Mid Insurance Group and $7.7 billion holding company First Mid Bancshares have been in expansion mode in recent years. First Mid Insurance Group is one of the largest independent brokers in the Midwest and has locations in Illinois, Missouri and Wisconsin. . In 2021, First Mid Bancshares acquired two Illinois insurance agencies through its subsidiary: The Wheeler Insurance Agency in Arcola and Just4you Insurance in Highland. Last year, First Mid Insurance acquired Macomb, Ill.-based Purdum-Gray-Ingledue-Beck Insurance and Investments Agency.