16 May 2023Analysis

Risk Strategies acquires Florida insurance agency

Risk Strategies has acquired Combined Underwriters of Miami, a full-service independent insurance agency providing commercial and personal insurance products to clients in South Florida.

The terms of the deal were not disclosed.

Headquartered in the Miami area, Combined Underwriters offers a variety of insurance and employee benefit products to assist commercial business organizations, governmental and institutional organizations, condominium and homeowner associations, and individual clients.

“We know that each risk is unique and success in tough markets requires deep experience and expertise,” said Scott Popilek, Atlantic regional leader, Risk Strategies. “Combined Underwriters long history of success in South Florida gave us great confidence that its team has the right qualities to be a valuable addition to the Risk Strategies family.”

With a history as a provider of industry leading solutions and risk management services in South Florida stretching back over 30 years, Combined Underwriters has a strong focus on associations and has maintained a broad client base across numerous business segments including, warehouses, contractors, engineers and architects, and freight forwarders, among others.

“In seeking a national-scale partner to expand the capabilities and resources available to our clients, Risk Strategies specialist approach to risk and commitment to the state really stood out,” said Susana Sanchez-Armengol, President, Combined Underwriters. “We’re excited by the possibilities this partnership presents for our business, clients and employees.”

According to Risk Strategies, Combined Underwriters mix of product offerings and capabilities, which includes property, homeowners, wind, builders’ risk and employee benefits, among others, adds to its presence and capabilities in the state of Florida. Over the past decade, Risk Strategies has made a number of strategic acquisitions in the state, in a variety of risk areas from commercial real estate and marine to medical malpractice.