Align expands into Phoenix with Montera acquisition

Nashville-based captive manager and risk consulting group Align Risk Solutions has acquired Montera Captive Insurance Management.

The acquisition of the Arizona-based captive insurance manager is Align’s second in six months and furthers its expansion into the metropolitan Phoenix area and the Southwest region.

Align also has offices in Los Angeles and Wilmington, NC.

“After only a few discussions, it was clear our visions of captive management and standards of service were both identical,” said Align’s president, Andrew Rhea. “While Montera effectively became a part of Align, we really view this as a partnership that will allow our synergies to provide better service for all of our clients while expanding our combined geographies and capacity.”

“I am excited for Montera’s clients,” added Richard Avery, president of Montera. “This incorporation into Align’s operations provides them with greater depth of management talent and access to technology resources. I couldn’t be more pleased with the new match-up.”