LITTLE FALLS, N.J. – BISYS has acquired the Toner Organization, an Exton, Pennsylvania-based insurance brokerage firm that markets to credit unions. "This acquisition immediately expands our market presence and potential in the Mid-Atlantic region," said BISYS Chairman/CEO Lynn Mangum. As of March 31, 2001, revenues generated by BISYS Insurance and Education Services Group have increased 82%. With its insurance services division generating BISYS' highest growth rate, Toner becomes its fourth insurance-related acquisition in the past year. Other acquisitions include Ascensus Insurance Services; The Advanced Markets; and The Insurance Exchange of America. Toner currently supports more than 7,000 insurance producers. Terms of the transaction were not disclosed.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.