Business Insurance Magazine survey reflects a year of transformation
growth for Northwest s premier insurance advisory firm.
Less than seven months after it was formed out of the union of Payne Financial Group and Western States Insurance Missoula based PayneWest Insurance http://www.paynewest.com/ was named the 35th largest insurance broker in the United States by Business Insurance Magazine.
"We believed that we would be stronger as one company and this ranking is a great testament to the success we have achieved by bringing our people and resources together " said Kyle Lingscheit co CEO of PayneWest Insurance. "It is a great honor to see our company s name listed alongside some of the most established and well managed brokerages in America."
The ranking which was published in the magazine s July 15 2013 edition is just the latest recognition of PayneWest Insurance s strength as an employee owned client focused insurance brokerage. In February 2013 the company was named among the "100 Best Companies to Work For in Oregon" by Oregon Businessmagazine. PayneWest was listed in eighth place in the medium sized company category.
One year ago Western States Insurance was ranked the 52nd largest insurance brokerage in the country by Business Insurance Magazine; Payne Financial Group ranked 74th on the same list. Today PayneWest Insurance is a full service independent insurance agency with combined 2012 revenues of nearly 90 million and offices in 30 communities across Montana Oregon Idaho and Washington.
"Beyond the efficiencies that we gained through the combination of our two former companies we are seeing excellent results as we are able to provide more services and invest capital to grow in the Northwest " noted Lingscheit. "In our first six months we exceeded our own expectations. We look forward to increasing that momentum going forward."
About PayneWest Insurance
Headquartered in Missoula Mont. PayneWest serves 30 communities through offices in Washington Oregon Montana and Idaho and provides insurance solutions surety and employee benefits for private individuals and businesses.