Hancock Bank of Gulfport, Miss., will acquire property and casualty insurance agency Ross-King-Walker Inc. (RKW) of Hattiesburg, according to company officials. The purchase will be an all-cash transaction and is expected to become effective in the fourth quarter. RKW will retain its name and become an affiliate of Hancock Insurance Agency. It will maintain its existing team and operational structure. RKW, with revenues of $1.75 million, has 23 employees at offices in Hattiesburg, Pascagoula, Meridian and Columbia.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says 
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses From This Issue
