Virtus merges with Kemmons Wilson Insurance Group

Virtus, a Kansas City-based insurance brokerage and consulting firm, announced a partnership with Kemmons Wilson Insurance Group (KWIG), a Memphis-based agency focused on the hotel, hospitality and lodging sector.

“We are very excited to join forces with Virtus. For several years, we have watched and admired their growth and the importance they place on people and culture. We share many values and a mutual desire to reach our full potential. This partnership gives us both an opportunity to expand our team, market and areas of excellence.” – Spence Wilson Jr., Chairman of KWIG. The Wilson family will continue to hold a seat on the Virtus Board as part of the transaction.

“The partnership with KWIG supports our continued focus on specialization. We have a great responsibility to the legacy of the Kemmons Wilson family and a great opportunity to help the business thrive into the future.” – Andrew Gray, CEO at Virtus.

According to the press release, the combined firm will have 100+ employees and an in-force book of business in excess of $250M (premium) and $20M (revenue).