Beech Tree-backed Avid Insurance completed the acquisition of Incorporated Insurance Group.

Beech Tree-backed Avid Insurance, an insurance brokerage firm, completed the acquisition of Incorporated Insurance Group, an insurance services provider. Financial terms were not disclosed. “This is a great deal for Avid and IIGL. Steve and his team have the same relentless focus as we do on underwriting expertise, deep market knowledge and profitable underwriting driven by data analytics. In a market where capacity is hard won, I am confident that under Steve’s leadership IIGL will accelerate its eight-year trajectory of profitable growth," Mike Smith, IIGL Founder and CEO.