Waukesha-based R&R Insurance Services Inc. has acquired Oconomowoc-based Snyder Insurance Agency, effective Sept. 1.
Snyder Insurance will become a division of R&R Insurance. The merger will offer Snyder clients additional services and solutions.
“This is a tremendous opportunity for all involved and we at R&R are lucky to be in this great position. It reinforces our commitment to do business in southeastern Wisconsin,” said Ken Riesch, president and owner of R&R Insurance.
R&R, which was founded in 1975, has been named one of the top 100 Property & Casualty insurance agencies by Insurance Journal and has been recognized by the Independent Insurance Agents of America for its high standards and industry best practices.
“We anticipate a seamless transition and are excited to work with a great partner like R&R Insurance,” said John Synder III, owner and president of Snyder Insurance Agency. “Their reputable business practices and vast resources assure us that our clients are in good hands.”
The staff and service at Snyder will not change, Snyder said in a note to clients. Snyder has 16 employees, who will join R&R’s 160 employees.The Snyder division will continue working out of its Oconomowoc office. R&R also has branches in Waukesha, West Bend, Menomonee Falls and Beaver Dam.
“Snyder Insurance is grateful for the relationship we have built together over the last 54 years and the trust you have placed in our care,” Snyder said. “We are pleased to be able to carefully place that relationship into the care of another family – the Riesch Family, of R&R Insurance Services. R&R is a family business with similar values, passion and vision as we have had over the years.”
Since the insurance companies represent most of the same insurance companies, there will be no impact on clients’ existing policies, coverages or premium costs.
