One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator headquartered in Boston, has announced the acquisition of Brokers’ Risk.
Brokers’ Risk is a Chicago-based managing general underwriter that specialises in developing and managing insurance and risk management programs.
Founded in 1979, the Brokers’ Risk has offices in Chicago, Ill and Oklahoma City, OK, and consists of entities such as The Sandner Group and Harold F. Hinz Company, Inc.
Together, these entities design, underwrite and administer self-funded, alternative risk programs with a focus on public school districts, school boards and officials, not for profit foundations, and affordable housing providers.
“One80 currently offers highly specialized solutions to public entities throughout the county,” said Matthew F. Power, President of One80 Intermediaries. “Acquiring Brokers’ Risk will extend our capabilities and expertise to include innovative self-funded programs, providing public entities with a full suite of tailored insurance products.”
Cheryl Sandner, Senior Managing Director, Brokers’ Risk, a division of One80 Intermediaries, also commented: “For over 40 years it has been our mission to provide agents and brokers with innovative solutions in risk management, and we feel that One80’s leadership, platform and footprint will allow us to efficiently expand our business.”
“We were extremely impressed with One80’s culture of innovation and client centric mindset,” added James Woodard, Managing Director, The Sandner Group, a division of One80 Intermediaries. “We are confident that our business will thrive in partnership with the One80 organization.”