Home Insurance Law Threat Methods purchases insurance coverage company Prince Associates

Threat Methods purchases insurance coverage company Prince Associates

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Threat Methods purchases insurance coverage company Prince Associates

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US-based insurance coverage brokerage and threat administration supplier Threat 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 business 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 crew assists in figuring out workable approaches to threat administration.

A few of the providers it gives are threat administration evaluations, loss management evaluation, overviews of claims dealing with, versatile financing and alternate selections for threat switch.

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Prince Associates additionally gives private strains protection for households and folks, together with householders, property, renters, automobile, flood and id theft.

Threat Methods New York regional chief Robert Rosenzweig mentioned: “The necessity for knowledgeable information in threat administration and insurance coverage for enterprise is simply growing. Leith, Craig and the crew at Prince Associates are a fantastic addition to our business strains experience and I’m excited to welcome them to the Threat Methods household.”

Prince Associates CEO Leith Baren mentioned: “We needed to increase our capabilities and scale our enterprise with out sacrificing the expertise-driven method to threat administration that drove our success. We noticed changing into a part of a real speciality dealer like Threat Methods as the proper option to just do that.”

Final month, Threat Methods and One80 Intermediaries mentioned that they’ll function beneath a brand new model, referred to as Accession Threat Administration Group.

In August 2023, Threat Methods acquired Bisnett Insurance coverage, a full-service retail company primarily based in Oregon.



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