12 May 2022USA analysis

Risk Strategies buys up ICCF

Risk Strategies, a US specialty insurance brokerage and risk management firm, has acquired the Insurance Centre of Central Florida (ICCF), a firm primarily focused on crafting risk management solutions for private clients.

The terms of the deal were not 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. The firm offers property and casualty insurance for homes and vehicles and provides coverage and risk management advice for area businesses.

“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.”

Hanrahan founded the ICCF in 1991. The firm 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.

“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,” explained Hanrahan. “Becoming part of a specialty brokerage like Risk Strategies benefits our existing clientele and creates exciting new opportunities to grow and perpetuate the business.”