Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Texas-based firms, Select Insurance Markets LLP (SIM) and Preferred Personal Insurance Agency LLP (PPIA). Terms of the deal were not disclosed.
SIM, founded in 2001 by its principals Robert Cox and Elizabeth Kirby, markets personal lines standard insurance products in Texas. Founded in 2006, PPIA is a well-established full-service personal lines agency. Today, SIM and PPIA represent approximately $200 million in personal lines premiums.
SIM provides access to national, regional and local insurance carriers for its agency partners. Operating as an extension of their sales and marketing teams, SIM educates and provides access and marketing guidance to accommodate insurance placements for its customers.
PPIA was formed as an independent retail agency focused solely on personal lines insurance needs and helps deepen Risk Strategies’ national private client practice in the state. Headquartered in Dallas, PPIA also adds depth to Risk Strategies’ Dallas operation.
Currently representing over two dozen insurance carriers, SIM traces its roots to FG Insurance, a widely respected insurance agency founded in 1967.
Risk Strategies established its presence in Texas in 2016 with the acquisition of McLaughlin-Brunson, a specialty brokerage focused on professional liability and other risk issues for architectural, engineering and design firms. It followed that in 2017 with the purchase of Terrell Insurance Services Inc., a private lines specialty agency.
Source: Risk Strategies
Topics Mergers & Acquisitions Texas
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