Virtus LLC, a Kansas City-based insurance brokerage and consulting firm, today announced a partnership with Kemmons Wilson Insurance Group LLC (“KWIG”), a Memphis-based agency focused on the hotel, hospitality and lodging sector. The addition of KWIG will supplement the existing industry specialization strategy Virtus has established in the real estate, private equity, construction and restaurant sectors.
“We are very excited to join forces with Virtus. For several years, we have watched and admired their growth and the importance they place on people and culture. We share many values and a mutual desire to reach our full potential. This partnership gives us both an opportunity to expand our team, market and areas of excellence”, said Spence Wilson Jr., Chairman of KWIG. The Wilson family will continue to hold a seat on the Virtus Board as part of the transaction.
Andrew Gray, Chief Executive Officer at Virtus, stated: “The partnership with KWIG supports our continued focus on specialization. We have a great responsibility to the legacy of the Kemmons Wilson family and a great opportunity to help the business thrive into the future.”
Both Virtus and KWIG put tremendous emphasis on company culture and will continue to focus on attracting and developing world class insurance talent. The combined firm will have 100+ employees and an in-force book of bus