Hediger & Meyers Insurance

Name

Hediger & Meyers Insurance

Legal name

Hediger & Meyers Insurance

Website

https://hedigerandmeyers.com

Company type

Private

Founded year

1921

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331), Life Insurance (6311)

akta.pro primary industry

Vision Insurance (FSAIAHAB)

akta.pro secondary industries

Workplace Injury & Medical-Only Coverage (FSAJAEAA), Worksite Supplemental Life Insurance (Voluntary Life) (FSAIAMAF), Personal Accident Insurance (Injury, Disability & Income Benefit) (FSAJAJAD), Worksite Vision Insurance (FSAIAMAH)

Keywords

• Independent insurance agency
• Commercial insurance brokerage
• Personal insurance coverage
• Employee benefits brokerage
• Insurance carrier representation

Headquarters

HQ city

Peoria

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels3 records

Marketing channels6 records

Core offering

Hediger & Meyers Insurance is an independent insurance agency that places personal, commercial, and employee/individual benefit insurance coverage with multiple carrier partners. The agency also provides supplementary services including certificate management, contract specification review, loss control, bond services, and personalized claims handling for clients in its community.

Product overview

Hediger & Meyers Insurance is an independent insurance agency offering a comprehensive portfolio of insurance products and services. Their core offerings span three main categories: Personal Insurance (auto, homeowners, boat, and personal umbrella coverage), Commercial Insurance (commercial property, general liability, workers compensation, inland marine, and umbrella policies), and Employee and Individual Benefits (group and individual life, health, dental, disability, long term care, vision, and annuities). The agency provides additional support services including certificate management, contract specification review, loss control, bond services, and claims handling. As an independent agency, they represent multiple insurance carrier partners to provide competitive options for their clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Insurance

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

29 partnerships are on record, tiered core.

• Acuity InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier represented by Hediger & Meyers for property and casualty coverage options
• American Collectors InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier specializing in collector vehicle coverage, represented by the agency
• Amerisafe Insurance CompanycoreChannel Partner/ Reseller/ DistributorInsurance carrier represented for workers compensation and related coverage
• Auto-Owners InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier providing auto, home, and related coverage represented by the agency
• Blue Cross Blue Shield of IllinoiscoreChannel Partner/ Reseller/ DistributorMajor health insurance carrier for group and individual health coverage
• Cincinnati InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier represented for commercial and personal lines coverage
• CNA SuretycoreChannel Partner/ Reseller/ DistributorSurety and fidelity bond carrier supporting the agency's bond services
• Frankenmuth Insurance CompanycoreChannel Partner/ Reseller/ DistributorRegional insurance carrier represented for various coverage options
• Grange InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier providing auto, home, and business coverage
• GuardiancoreChannel Partner/ Reseller/ DistributorBenefits carrier providing life insurance and retirement solutions
• The HartfordcoreChannel Partner/ Reseller/ DistributorMajor national insurance carrier for commercial and personal lines
• HumanacoreChannel Partner/ Reseller/ DistributorHealth insurance carrier for Medicare and health coverage products
• Health AlliancecoreChannel Partner/ Reseller/ DistributorRegional health insurance provider for group and individual coverage
• Kansas City LifecoreChannel Partner/ Reseller/ DistributorLife insurance carrier for individual and group life coverage
• Illinois MutualcoreChannel Partner/ Reseller/ DistributorRegional mutual insurance carrier represented for various coverage lines
• Lincoln LifecoreChannel Partner/ Reseller/ DistributorLife insurance and annuity carrier for individual and business coverage
• MetLifecoreChannel Partner/ Reseller/ DistributorMajor national carrier for life insurance, dental, vision, and other benefits
• Mutual of OmahacoreChannel Partner/ Reseller/ DistributorInsurance carrier providing life, health, and Medicare supplement coverage
• Old Republic Surety GroupcoreChannel Partner/ Reseller/ DistributorSurety bond carrier supporting contract and commercial bond services
• Pekin InsurancecoreChannel Partner/ Reseller/ DistributorRegional Illinois-based insurance carrier for auto, home, and farm coverage
• QBE InsurancecoreChannel Partner/ Reseller/ DistributorGlobal insurer represented for specialty and commercial coverage
• RLI Insurance CompanycoreChannel Partner/ Reseller/ DistributorSpecialty insurance carrier for harder-to-place and niche coverage
• Society InsurancecoreChannel Partner/ Reseller/ DistributorCommercial insurance carrier specializing in restaurant and business coverage
• TravelerscoreChannel Partner/ Reseller/ DistributorMajor national carrier for commercial and personal lines insurance
• United HealthcarecoreChannel Partner/ Reseller/ DistributorMajor health insurance carrier for group and individual coverage
• United Healthcare of the River ValleycoreChannel Partner/ Reseller/ DistributorRegional health plan for local group and individual health coverage
• UNUMcoreChannel Partner/ Reseller/ DistributorBenefits carrier specializing in disability, life, and supplemental insurance
• Westfield InsurancecoreChannel Partner/ Reseller/ DistributorRegional carrier for commercial and personal lines coverage
• West Bend MutualcoreChannel Partner/ Reseller/ DistributorWisconsin-based mutual carrier for auto, home, and business coverage

Scale indicators1 record

Recent moves4 records

Expansion highlights1 record

Direct peers

• Lockton Companies: Largest privately-held insurance brokerage in the U.S., operating the same multi-line, multi-carrier independent model across personal, commercial, and benefits; relevant comparable for both business model and ownership profile.
• Alera Group: PE-backed insurance brokerage aggregator built by acquiring regional independents across the Midwest; closest peer in size profile, regional concentration, and acquisition-driven growth model.
• AssuredPartners: PE-backed insurance brokerage aggregator that acquires regional independents; business model, multi-carrier approach, and Midwest presence closely mirror H&M's profile and likely buyer universe.
• USI Insurance Services: Middle-market insurance brokerage and benefits consultant representing multiple carriers across P&C, employee benefits, and personal lines — a comparable aggregator-style competitor in H&M's space.
• Brown & Brown, Inc. National insurance brokerage built largely through acquisitions of independent agencies; operates the same independent-agent / multi-carrier model as H&M across personal, commercial, and benefits lines, but at vastly greater scale.
• Hub International: PE-backed insurance brokerage aggregator that acquires regional independent agencies like H&M, offering P&C, benefits, and personal lines with similar carrier representation across North America.
• Leavitt Group: Privately-held network of regional independent insurance agencies offering personal, commercial, and benefits products through multi-carrier representation; directly comparable operating model to H&M with broader geographic reach.

Broad incumbents

• Arthur J. Gallagher & Co. Large global brokerage and risk management firm offering retail brokerage, benefits consulting, and carrier representation overlapping directly with H&M's product lines, but at enterprise scale with proprietary technology.
• Aon plc: Global professional services firm with a large insurance brokerage practice covering commercial, personal, and benefits — overlapping with H&M's portfolio but serving enterprise and mid-market rather than small local accounts.
• Marsh McLennan: Global insurance brokerage and consulting firm with a retail brokerage segment competing in commercial and benefits lines; relevant broad incumbent comparable rather than head-to-head competitor at H&M's scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HedigerandMeyers
• LinkedInlinkedin.com/company/hediger-&-meyers-insurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hediger & Meyers Insurance