California-based insurance brokerage ALKEME has acquired Innovative Insurance Group, a major player among Virginia’s insurance agencies. This move broadens ALKEME’s reach on the East Coast, with the local team continuing to work out of its eight Virginia offices.
Innovative Insurance Group was formed in 2015 when four Virginia benefits agencies combined. The company focuses on employee benefits, human resources, Affordable Care Act compliance, and reporting. Founders Sam Irby, Earl Weaver, and Charlie Webb played key roles in building the agency.
ALKEME, which started in 2020 when six agency owners joined forces, offers a wide range of services. These include commercial and personal insurance, employee and executive benefits, and retirement and wealth management. Since its founding, ALKEME has grown rapidly, completing over 50 acquisitions. The company is now ranked among the top 35 largest insurance agencies in the U.S., according to Insurance Journal.
This latest acquisition reflects ALKEME’s ongoing strategy to expand through partnerships and acquisitions. For Innovative Insurance Group, joining ALKEME means access to even more resources while keeping its local presence intact. It’s a significant step for both companies as they continue to grow in the insurance market.