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Insurance Office of America acquires All Risk Insurance Group
The deal brings All Risk’s producers and a personal lines and select commercial niche into IOA’s South Florida footprint, with financial terms not disclosed.
Insurance Office of America has acquired All Risk Insurance Group, a South Florida agency focused on personal lines and select business insurance, Coverager reports.
All Risk was founded in 2006 and serves more than 1,000 clients. As part of the transaction, producers Lisa Pacillo and Randy Schleger will join IOA.
Coverager added that IOA is a privately held brokerage founded in 1988 with more than 1,500 employees across over 60 US offices, and the acquisition is intended to expand its presence in South Florida.
Financial terms were not disclosed, and the transaction is described as adding specialized market expertise, carrier relationships, and a niche-focused team to IOA’s Southeast operations.