One80 buys Colorado wholesale broker
Reprints
Wholesale broker One80 Intermediaries has acquired Commercial Insurance Group LLC and its affiliates, Strategic Insurance Agency Inc. and Bigfoot Specialty Insurance Agency, Boston-based One80 said in a statement Tuesday.
Terms of the deal were not disclosed.
Commercial Insurance Group is a Colorado Springs, Colorado-based wholesale broker and managing general agent specializing in high-risk property, casualty and package business. Its specialty programs include short-term rental products, storage contents, renters insurance, general liability, commercial property, California homeowners, inland marine and commercial package coverages.
Bigfoot is an online platform that allows appointed brokers to quote, bind and issue policies for hard-to-place risks. The platform has expanded into coverage for short-term and temporary employees, as well as independent contractors.
All of Commercial Insurance Group’s employees will be joining One80, according to an email from a spokesperson. The company employs about 45 people.
Read Next
-
Wholesale broker One80 buys MGU
One80 Intermediaries, a national wholesale broker, program manager and insurance aggregator, said Tuesday it has acquired Helotes, Texas-based National Underwriting Services Inc., a full-service managing general underwriter of medical stop loss insurance.
