Brokers’ Threat, a reinsurance middleman, Managing Common Underwriter, surplus traces dealer and TPA, additional expands One80’s choices designed for public entities all through the nation
BOSTON, Dec. 29, 2020 (GLOBE NEWSWIRE) — One80 Intermediaries (One80), a nationwide wholesale dealer, program supervisor, third-party administrator (TPA), and insurance coverage aggregator headquartered in Boston, as we speak introduced that it has acquired Brokers’ Threat and its working entities. Brokers’ Threat is a Chicago-based Managing Common Underwriter that makes a speciality of growing and managing insurance coverage and danger administration applications. Phrases of the deal weren’t disclosed.
Based in 1979, Brokers’ Threat has workplaces in Chicago, Sick and Oklahoma Metropolis, OK. The corporate consists of entities akin to The Sandner Group and Harold F. Hinz Firm, Inc. Collectively, these entities design, underwrite and administer self-funded, various danger applications with a give attention to public college districts, college boards and officers, not for revenue foundations, and reasonably priced housing suppliers.
“One80 presently gives extremely specialised options to public entities all through the county,” stated Matthew F. Energy, President of One80 Intermediaries. “Buying Brokers’ Threat will lengthen our capabilities and experience to incorporate modern self-funded applications, offering public entities with a full suite of tailor-made insurance coverage merchandise.”
Applications obtainable by way of the crew at Brokers’ Threat embody: Inexpensive Housing Insurance coverage, Trustees Errors and Omissions and Administrators and Officers Legal responsibility Insurance coverage, Faculty Board Authorized Legal responsibility, Reinsurance, Faculty Basis Insurance coverage, Pupil Accident Insurance coverage and Treasurer’s Surety Bonds. Moreover, Brokers’ Threat gives personalized coverages to fulfill the bespoke wants of their shoppers.
“For over 40 years it has been our mission to offer brokers and brokers with modern options in danger administration, and we really feel that One80’s management, platform and footprint will enable us to effectively broaden our enterprise,” stated Cheryl Sandner, Senior Managing Director, Brokers’ Threat, a division of One80 Intermediaries.
“We have been extraordinarily impressed with One80’s tradition of innovation and shopper centric mindset,” stated James Woodard, Managing Director, The Sandner Group, a division of One80 Intermediaries. “We’re assured that our enterprise will thrive in partnership with the One80 group.”
To be taught extra about One80 Intermediaries, go to www.one80intermediaries.com.
About One80 Intermediaries
One80 Intermediaries is a privately held, nationwide agency with workplaces all through the US and Canada. As a number one insurance coverage wholesaler and program supervisor, the corporate gives placement providers and binding authority for property & casualty, monetary traces, private traces, life insurance coverage, medical cease loss, journey/accident and well being dangers. One80 serves business firms, non-profits, public entities, and people, and has entry to all main insurance coverage markets within the US, Canada and UK. Protection spans all trade lessons. One80 has workplaces in additional than 30 places within the US and Canada. For extra data go to www.one80intermediaries.com.