Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

AssuredPartners acquires broker

Reprints
AssuredPartners acquires broker

AssuredPartners Inc. has acquired Insurance and Risk Management Services Inc., the insurance broker said in a statement Wednesday.

Terms of the transaction were not disclosed.

Insurance and Risk Management Services’ staff of 36 will stay on under company president George Schmelzle, the statement said. 

The Naples, Florida-based agency, founded in 1989, has about $6 million in annual revenues, the statement said.

“IRMS has assembled a team of exceptional individuals and clientele with a long-standing history with the agency,” Tom Riley, AssuredPartners president and COO, said in the statement.

Lake Mary, Florida-based AssuredPartners, ranked the 13th largest insurance broker in the U.S. by Business Insurance, said it has acquired more than 190 insurance agencies since 2011.

 

 

 

 

Read Next

  • Two South African insurers acquire Ugandan counterparts

    South Africa-based insurer Sanlam Ltd. has acquired Uganda-based counterpart Lion Assurance Co. Ltd., NTV.co.ug reported. Additionally, South Africa-based insurer Liberty Holdings Ltd. has acquired a significant stake in Uganda-based East African Underwriters Ltd. Additionally, Ugandan insurers are also looking to tap into opportunities in the country's nascent oil and gas industry.