Venbrook Group, LLC, a large independent insurance distribution and services firm in the U.S., has acquired Georgia-based specialty managing general agent (MGA), Alpharetta Underwriters, LLC.
From its headquarters in Alpharetta, Georgia, the MGA provides tailored Excess & Surplus (E&S) solutions to the construction space.
Alpharetta’s team has more than 70 years of combined industry underwriting experience and has established itself as a best-in-class solutions provider in the E&S marketplace specialising in construction risks.
For Venbrook, the acquisition of Alpharetta will strengthen its expanding portfolio of E&S programmes, which already includes MGAs such as ComStar General Insurance Solutions and REAPA, and Cardigan General.
Peter Bishop, President and Chief Executive Officer (CEO) of Alpharetta, said: “We’re thrilled to join Jason and the outstanding team at Venbrook.
“We are impressed with the unique and growing platform that Venbrook has built around specialty underwriting programs as well as their retail, wholesale and claims service operations. They are the perfect partners to help us take Alpharetta to the next level in this next phase of our growth.
“Meanwhile, we look forward to continuing to provide the targeted, high-quality insurance solutions and client-centric service that our insured clients and wholesale partners have come to appreciate and expect from us.”
Jason Turner, Venbrook founder and CEO, commented: “Peter and the Alpharetta team have established a truly exceptional franchise in just a few years since the company’s exception.
“They have built an outstanding reputation in the E&S wholesale market as the underwriters of choice for complex and challenging construction and contractor’s risks.
“They provide responsive, creative, and effective risk solutions that are second to none in an increasingly complex and risky business environment. We could not be more excited to partner with Alpharetta in the years to come.”
