Excessive Road Insurance coverage Companions (HSIP), a full-service unbiased insurance coverage brokerage agency primarily based in Traverse Metropolis, introduced the acquisition of 27 former Nationwide unique insurance coverage companies. Phrases of the transaction weren’t disclosed.
The companies are situated all through North Carolina, South Carolina, Pennsylvania, Tennessee, and Maryland. The entire company presidents will stay in place on the respective enterprise and can now report back to Karl Sherrill, regional president at HSIP.
“We’re enthusiastic about providing a whole unbiased platform to our new company companions. As purchasers’ wants proceed to evolve, I’m excited to share new choices purchasers will now have entry to,” says Sherrill. “These companies, associates, and their purchasers are an ideal complement to HIS’s total technique.”
HSIP was based in 2018 and gives a broad array of enterprise insurance coverage and threat administration; worker advantages and human capital administration; monetary and retirement companies; and private insurance coverage options delivered by community-focused companies.
It employs greater than 1,000 insurance coverage specialists and consultants in places of work primarily based in Colorado, Connecticut, Florida, Illinois, Iowa, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
The corporate has accomplished 78 acquisitions since forming in mid-2018, making it one of many quickest rising insurance coverage brokerages in North America. HSIP was acquired in April of this 12 months by Boston’s Abry Companions.