Higginbotham announces New Mexico alliance
Higginbotham, an independent insurance, financial and HR services firm that also offers captive insurance advice, has announced that it has joined forces with Cress Insurance Group in Albuquerque, New Mexico, to expand its reach across the state.
Cress Insurance Group is an independent commercial and personal property/casualty insurance and employee benefits agency locally owned since 1984. Higginbotham and Cress Insurance Group will come together to enhance service to the group's 2,500 clients and serve a broader customer base in New Mexico.
Higginbotham said that it is strategically growing to expand its footprint and increase its service capability by selectively partnering with other independent agencies that have strong reputations in their local markets, a desire to keep growing by tapping into its single source solution and a strong cultural match. Cress Insurance Group is the second agency in New Mexico to join Higginbotham, which entered the state in 2020 through a partnership in Las Cruses.
Cress Insurance Group provides insurance broker services to businesses of all sizes and sectors reflected in its community. In addition, two of the agency's professionals have served on the Independent Insurance Agents of New Mexico board.
Cress Insurance Group President Tom Cress said of the decision to partner with Higginbotham, "It was critically important that we protect our staff and the customers we serve. Our success is a direct result of the trusting relationships we've established. It didn't take us long to see how the Higginbotham culture and leadership team aligned with the guiding principles of our agency. We could not be more delighted."
Higginbotham gave the title of managing director to Cress, and he will continue guiding the agency.