California, September 4, 2019 – Western Security Surplus (WSS), part of the XPT Group, a specialty insurance distribution company, announces the acquisition of Klein & Costa Insurance Services (K&C). This acquisition continues to demonstrate WSS’s commitment to strategic growth to deliver the best products and services possible.
K&C was founded in Santa Ana, California in 1990 by Clarence Costa and Jim Klein. K&C’s primary focus is on small to medium specialty property & casualty risks within Southern California. Costa will continue to lead the office and this expansion of WSS into Orange County.
Clarence Costa, President of Klein & Costa stated, “We are thrilled to be joining the successful management teams of both WSS and XPT that have led to the impressive growth of WSS. By joining WSS, we will be able to offer significantly more resources including a stable of markets and products to solve the challenges of our retail brokers and agencies.”
Kyle Stevens, President and CEO of WSS added, “We are thrilled to add Clarence and his team to our expanding west coast operations. K&C’s impeccable reputation fits perfectly with Mark Kaufman’s Sherman Oaks team. This is another step in strengthening our position in the largest E&S marketplace in the country.”
About WSS
Since 1981, WSS has been providing retail brokers an extensive line of Commercial and Personal Lines products, with access to both admitted and non-admitted markets. WSS continues to expand their reach and now writes in most of the Sun Belt states. West-Pro, a division of WSS, writes bars & taverns with exclusive markets and coverage forms for wholesale brokers in over a dozen states.
WSS is a proud member of the following trade associations: CIWA, WSIA, and TSLA. WSS is headquartered in Plano, TX with employees also located in California. www.wssib.com
Contact: Chantal Nation +1.972.702.0500 cnation@wssib.com
About XPT Group
XPT is a specialty insurance distribution company formed through a partnership of highly-experienced management executives and an institutional investor who backs insurance distribution firms. XPT brings together underwriting and wholesale brokerage firms across many specialty lines through acquisitions and new product development. XPT stands apart by delivering expertise through a collaborative partnership culture. www.xptspecialty.com
Contact: Mark Smith 917.843.1243 msmith@xptspecialty.com
