Symphony Risk Solutions has acquired Lipscomb Insurance Group, a Dallas-based independent agency, adding further capability in high-net-worth and specialty risk segments as consolidation across the broking market continues.
Founded in 1960, Lipscomb brings more than six decades of experience advising affluent individuals, family offices and businesses with complex insurance needs. Its areas of focus include fine art, collections, aviation, marine, real estate, agriculture and global transportation – risks that often fall outside standard insurance markets and typically require access to specialist underwriting and bespoke placement strategies.
Expanding reach in Texas and specialty lines
The transaction combines Lipscomb’s expertise with Symphony Risk’s specialty division, Symphony Wealth, and increases the group’s presence in Texas, a key market for both personal and commercial insurance. It also extends Symphony Risk’s access to the London market, including Lloyd’s of London, which remains an important source of capacity for complex and non-standard risks.
Lipscomb’s team, including its affiliated entity Lipscomb and Associates, will continue to operate from its Dallas office, with the business integrated into Symphony Risk’s broader platform. This provides access to additional resources such as data analytics, specialist advisory capabilities and a wider national network…