Home Insurance Law Evertree Insurance coverage Providers acquires Prosper Insurance coverage

Evertree Insurance coverage Providers acquires Prosper Insurance coverage

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Evertree Insurance coverage Providers acquires Prosper Insurance coverage

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Evertree Insurance coverage Providers has strengthened its embedded partnership capabilities with the acquisition of US-based Prosper Insurance coverage.

The acquisition types a part of insurance coverage dealer Evertree’s efforts to strengthen its presence within the mid-Atlantic area.

Monetary phrases of the deal had been undisclosed.

Evertree, which was based in September 2022, mentioned the transaction marks a big milestone in its strategic progress plan.

Evertree founder and CEO Alex Tuff mentioned: “Drew Monroe and his 99-person crew have devoted the final decade to creating cutting-edge expertise and options for his or her companions and producers.

“Collectively, we’re well-positioned to seamlessly combine and make investments on high of confirmed expertise into each aspect of our operation and prolong embedded options to partnerships on a nationwide scale. Importantly, we’re excited to onboard the distinctive crew they’ve assembled and are assured that as a mixed pressure we are going to additional our effort to turn out to be the preeminent private traces brokerage agency of the long run.”

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Evertree operations and expertise head and Prosper Insurance coverage founder Drew Monroe mentioned the mix of Prosper Insurance coverage and Evertree would redefine trade requirements.

The deal additionally permits Evertree to offer progressive insurance coverage options and a extra distinctive shopper service expertise. 

Monroe added: “We stay up for merging our corporations’ strengths and information to make insurance coverage easier, extra accessible and tailor-made to the person wants of our shoppers and are assured that our shared mission and core values will lead to a really distinctive platform inside the trade.”

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