US-based insurance coverage brokerage and danger administration supplier Danger Methods has bought Prince Associates for an undisclosed sum.
The acquired firm is a multi-line retail insurance coverage company.
Based mostly in Hicksville, New York, Prince Associates specialises in helping clients in want of economic insurance coverage protection.
The insurer gives providers to shoppers in 41 US states throughout a number of sectors akin to manufacturing, waste administration, hospitality, animal shelters and actual property.
Led by Leith Baren and Craig Sherman, Prince Associates’s group assists in figuring out workable approaches to danger administration.
A number of the providers it gives are danger administration evaluations, loss management evaluation, overviews of claims dealing with, versatile financing and alternate selections for danger switch.
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Prince Associates additionally gives private traces protection for households and folks, together with householders, property, renters, automobile, flood and id theft.
Danger Methods New York regional chief Robert Rosenzweig stated: “The necessity for knowledgeable data in danger administration and insurance coverage for enterprise is just rising. Leith, Craig and the group at Prince Associates are an amazing addition to our business traces experience and I’m excited to welcome them to the Danger Methods household.”
Prince Associates CEO Leith Baren stated: “We needed to increase our capabilities and scale our enterprise with out sacrificing the expertise-driven strategy to danger administration that drove our success. We noticed changing into a part of a real speciality dealer like Danger Methods as the right solution to just do that.”
Final month, Danger Methods and One80 Intermediaries stated that they are going to function beneath a brand new model, referred to as Accession Danger Administration Group.
In August 2023, Danger Methods acquired Bisnett Insurance coverage, a full-service retail company primarily based in Oregon.
