ALKEME Insurance, a US insurance brokerage, has announced the acquisition of Virtue Risk Partners, a Pearl River, New York-based managing general agent (MGA) specialising in specialty insurance solutions.
The MGA’s platform is designed to deliver tailored insurance products, risk management support and claims expertise to contractors, consultants and engineers throughout all 50 US states.
ALKEME Insurance said the acquisition strengthens its programme business offering by adding Virtue Risk Partners’ specialist underwriting capabilities. Virtue’s team brings more than 65 years of combined experience, with a strong background in casualty and environmental specialty underwriting.
Curtis Barton, CEO of ALKEME Insurance, commented: “Virtue Risk Partners represents a different kind of partnership for ALKEME—one that deepens our capabilities in specialty program underwriting and broadens the solutions we can bring to clients across the country. What drew us to Virtue was the same thing that draws us to every partner we bring on: a team that is deeply client-focused and committed to doing things the right way. We’re proud to welcome them to the ALKEME family.”
Virtue Risk Partners brings a different model from a conventional retail agency acquisition, with an MGA platform focused on developing specialist insurance products and supporting clients with complex risk needs.
Joseph Valenza, National Director of Programmes for Virtue Risk Insurance Services, added: “Joining ALKEME represents an opportunity to build upon more than a decade of disciplined underwriting, innovation, and growth. ALKEME provides the scale and resources to accelerate that success, and we are proud to join the family.”
The acquisition forms part of ALKEME Insurance’s wider growth strategy, which focuses on partnering with high-performing insurance businesses that share its approach to client service and culture. The company said the addition of Virtue Risk Partners will further expand its specialist capabilities and support its continued development across key US markets.
