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.
Primarily based in Hicksville, New York, Prince Associates specialises in helping prospects in want of economic insurance coverage protection.
The insurer offers providers to purchasers in 41 US states throughout a number of sectors resembling 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 danger administration.
A few of the providers it offers 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 offers 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 mentioned: “The necessity for knowledgeable information in danger administration and insurance coverage for enterprise is just rising. Leith, Craig and the crew at Prince Associates are an incredible addition to our industrial traces experience and I’m excited to welcome them to the Danger Methods household.”
Prince Associates CEO Leith Baren mentioned: “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 turning into a part of a real speciality dealer like Danger Methods as the proper technique to do exactly that.”
Final month, Danger Methods and One80 Intermediaries mentioned that they are going to function below 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.
