Evertree Insurance coverage Providers has strengthened its embedded partnership capabilities with the acquisition of US-based Prosper Insurance coverage.
The acquisition kinds 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, stated the transaction marks a major milestone in its strategic progress plan.
Evertree founder and CEO Alex Tuff stated: “Drew Monroe and his 99-person crew have devoted the final decade to creating cutting-edge know-how and options for his or her companions and producers.
“Collectively, we’re well-positioned to seamlessly combine and make investments on prime of confirmed know-how 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 drive we’ll additional our effort to change into the preeminent private strains brokerage agency of the longer term.”
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Evertree operations and know-how head and Prosper Insurance coverage founder Drew Monroe stated the mix of Prosper Insurance coverage and Evertree would redefine business requirements.
The deal additionally permits Evertree to supply revolutionary insurance coverage options and a extra distinctive shopper service expertise.
Monroe added: “We look ahead to merging our corporations’ strengths and data to make insurance coverage less complicated, extra accessible and tailor-made to the person wants of our purchasers and are assured that our shared mission and core values will end in a very distinctive platform inside the business.”