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Complements Relation’s Virginia Operations, Strengthens Existing
Relationships with Insurance Carriers and Adds Two Seasoned Industry
Professionals to Relation Team

WALNUT CREEK, Calif.–(BUSINESS WIRE)–Relation
Insurance Services
(“Relation”), a privately owned insurance
brokerage that offers property and casualty, risk-management, benefits,
and TPA-consulting services through its family of brands across the
United States, announced today it has acquired Service
First Insurance
(“SFI”), a privately owned and operated insurance
brokerage based in Warrenton, Virginia. Terms of the transaction were
not disclosed.

SFI joins Relation after more than 20 years of serving the personal and
commercial insurance needs of Northern Virginia residents. The
acquisition is expected to complement Relation’s current Virginia
operations, strengthen its existing relationships with insurance
carriers and bolster the Relation team with the addition of Rene
Stevens, President of Service First, and Rick Gastley, Manager, both of
whom will be based out of Relation’s Warrenton office in the next thirty
(30) days.

Joe Tatum, CEO, Relation Insurance Services, commented, “We are thrilled
to announce that Service First has joined the Relation Insurance
Services family. With decades of history delivering personal and
commercial insurance services to the Northern Virginia market, SFI has
built a strong business based on an outstanding reputation for service
which closely aligns with our own. We believe that the addition of SFI
and its leadership team is a natural extension of Relation into Northern
Virginia, and we look forward to helping them to continue their history
of excellence.”

“We have built our business based on established relationships and
exceptional client service,” said Rene Stevens, President of Service
First. “We chose to join Relation Insurance Services because we believe
that Relation’s respected leadership, best-in-class products and
technologies and cultural fit will enable us to continue to grow and
serve the unique needs of the businesses, families and individuals we
are proud to call our clients. We are thrilled to join Relation.”

The acquisition builds on Relation’s goal of deepening its specialty
services and expanding its footprint nationwide. Most recently, it
announced the acquisition
of Villane Ward
, a privately owned and operated employee benefits
brokerage based in Fresno, California which brings together
complementary portfolios in the Fresno area and enhances Relation’s
Employee Benefits capabilities in the West. The company expects to
continue its strong growth trajectory in 2019 through additional
acquisitions and organic growth.

About Relation Insurance Services

Relation Insurance Services is an insurance brokerage that offers
superior risk-management and benefits-consulting services through its
family of brands across the United States. It is ranked by Insurance
Journal within the top 40 largest agencies in the country by revenue and
has nearly 500 employees in more than 30 locations nationwide. Relation
is a privately held corporation, alongside its private equity partner,
Aquiline Capital Partners. Visit www.relationinsurance.com
for more information.

About Aquiline Capital Partners

Aquiline Capital Partners, founded in 2005 and based in New York and
London, is a private equity firm investing in businesses across the
financial services sector in banking and credit, insurance, investment
management, and financial technology and services. For more information
about Aquiline, its investment professionals, and its portfolio
companies, please visit: www.aquiline.com.

Contacts

Relation Insurance Services:
Porro Communications
Emily
F. Porro
347-346-3663
[email protected]

Aquiline
Capital Partners:

Brunswick Group
Alex Yankus / Harry
Mayfield
212-333-3810
[email protected]