Johnson & Johnson Expands Insurance Footprint with Indemnity Excess & Surplus Agency Acquisition
Johnson & Johnson Inc. has expanded its operational footprint through the acquisition of the assets of Indemnity Excess & Surplus Agency Inc. (IES), a wholesale insurance firm based in Hillsboro, Oregon. The transaction, effective June 1, 2025, positions Johnson & Johnson to enhance its offerings in the wholesale insurance market, particularly in Professional, Employment Practices, Directors and Officers, and Property and Casualty lines. IES also specializes in surplus specialty coverage including Physician Malpractice, Product Liability, and Monoline Property, catering to retail insurance agents across the United States.
As a fourth-generation family-owned Managing General Agency (MGA) headquartered in Charleston, South Carolina, Johnson & Johnson has a longstanding reputation since its founding in 1930 for delivering quality service and products to Independent Agencies. The acquisition will integrate IES’s portfolio of specialty and surplus products, broadening the range of first-class insurance solutions accessible to agencies and insureds within IES’s core operational regions.
Leaders from both entities have underscored strategic alignment and cultural compatibility, highlighting how the merger enhances operational efficiency and resource availability. This consolidation is expected to empower independent insurance agents through improved tools and services, providing stronger market positioning for the combined entity. Johnson & Johnson’s expanded agency network will further support the needs of retail agents and insured clients with an emphasis on service excellence.
Johnson & Johnson operates as a full-service MGA providing excess and surplus (E&S) markets, standard markets, and premium financing. The company serves Independent Insurance Agents across multiple states including Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington. Additionally, Johnson & Johnson offers Private Flood coverage and select Program Business products on a nationwide basis.
This acquisition reflects ongoing consolidation trends within the wholesale insurance marketplace, highlighting the importance of scale and resource integration for managing agency networks and servicing complex insurance needs. It positions Johnson & Johnson to meet evolving demands from Independent Agencies and retail insurance clients by expanding product lines and enhancing service capabilities. The transaction also underscores the role of family-owned MGAs in maintaining service-oriented business models amid industry changes.