Leading national specialty insurance brokerage and risk management firm, Risk Strategies has announced that it has acquired The Insurance Center of Central Florida (ICCF), a firm primarily focused on crafting risk management solutions for private clients.
Terms of the deal have not been announced.
Headquartered in Melbourne, Florida, ICCF was founded 31 years ago by its President and owner, Frank Hanrahan, and is a member of the Florida Association of Insurance Agents and Professional Insurance Agents.
ICCF offers property and casualty (P&C) insurance for homes and vehicles, as well as providing coverages and risk management advice for area businesses.
A Pittsburgh native whose father was also in the insurance business, Hanrahan moved to Florida and opened ICCF in 1991. The firm then grew steadily, both organically and through acquisitions, due to its specialty expertise in the challenging Florida marketplace, particularly in the aftermath of Hurricane Andrew in 1992.
Hanrahan, commented: “We are located in the home of the John F. Kennedy Space Center. This area’s population has a clear need for specialized expertise in risk management for successful individuals and families, and area businesses. Becoming part of a specialty brokerage like Risk Strategies benefits our existing clientele and creates exciting new opportunities to grow and perpetuate the business.”
“As we build our presence and client services capabilities in Florida, we saw ICCF as a great cultural and business fit,” said Scott Popilek, Risk Strategies Atlantic Region Leader. “We’re excited to welcome Frank and his entire team to the Risk Strategies family.”
In addition, Risk Strategies continue to acquire complementary companies that have a unique and compelling value proposition and are additive to the Risk Strategies family.
In December 2021, Risk Strategies acquired Fournier Group, a full-service commercial and personal lines retail insurance agency, as well as full-service brokerage firm, KRA Insurance Agency.