Frost Insurance Agency, a subsidiary of Frost National Bank in San Antonio, said Wednesday that it has bought the assets of Sammons Group Inc., a Dallas agency, from the estate of the company's founder, Charles D. Sammons.
It was Frost’s first agency deal in Dallas. The deal closed Sunday, the company said, and it did not disclose the price.
Sammons Group is the seventh purchase by Frost Insurance Agency. Earlier Texas acquisitions include: Professional Insurance Agents Inc., with offices in Victoria, San Antonio, New Braunfels, and Refugio, in 1999; Wayland Hancock Insurance Agency Inc. in Houston; Nieman Hanks Puryear and Nieman Hanks Puryear Benefits, both of Austin, in 2000; AIS Insurance and Risk Management in Fort Worth, 2001; Jentsch Financial Group in Victoria, 2002; and Brokers Insurance Designs in Fort Worth, 2003.
