Keystone recently announced the full acquisition of Canyon Lands Insurance (CLI, CLI Select). While the terms of the transaction were not disclosed, Keystone has confirmed that CLI Select will maintain operations as a wholly owned subsidiary and that Dawnyel Smink, CLI Select’s CEO, has accepted a position on its Executive Leadership Team as Regional President of Keystone’s western region. CLI will maintain its operations under its existing platform and carrier contract terms. Keystone President and CEO, David E. Boedker, Sr., and Dawnyel Smink made the announcement.
“CLI is well known for its agency-centric culture and outstanding reputation in the industry,” Boedker noted. “Not only is CLI a remarkable fit, but it’s also an incredibly strategic opportunity for both entities. Together we are committed to expanding operations while delivering sustainable value and profitable growth for all stakeholders. Now with operations extending to 30 states, Keystone is better positioned to cater to the needs of agents nationwide, wherever they may be in the life cycle of their independent agency.
As the insurance distribution landscape continues to change, it’s more critical now than ever for agencies to align themselves with a nationally recognized organization that delivers more than premium aggregation,” Boedker concluded.
“Keystone has a proven track record of delivering valuable resources to independent agencies while maintaining superior retention,” added Smink. “We are thrilled about the opportunities this partnership brings not only to our respective networks but to carriers and clients across the nation.”