Stephens Insurance Acquires Kane Agency

Stephens Insurance Services, a subsidiary of Stephens Group Inc. of Little Rock, announced Wednesday that it has bought The Kane Agency, which has offices in Little Rock and Fayetteville.

Terms of the deal were not disclosed. Seller Tom Kane has joined Stephens Insurance, according to President and CEO Marty Rhodes.

The purchase of the 19-year-old agency is the first major action taken by Rhodes, who was named head of the Stephens Insurance agency in January.