Date – 11/03/2022
Renaissance Alliance, the Agency Growth Engine, has obtained Agency Network Exchange (ANE) and United Valley Insurance Services in separate transactions, adding both organizations to its ideal network of unbiased coverage businesses.
The obtained networks collectively represent $2.4bn in top rate and are key additions in Renaissance Alliance’s country wide boom method.
With those deals completed, each ANE’s 60 member groups and United Valley’s ninety two member companies end up a part of Renaissance’s nationwide alliance of individuals – which now consists of 273 impartial corporations representing $three.6bn in premium. ANE and United Valley will retain to function beneath their cutting-edge manufacturers and with their modern leadership in vicinity.
Renaissance presently represents impartial groups in Connecticut, Florida, Georgia, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. These new transactions add business enterprise power in Arizona, California, New Jersey, and Pennsylvania to its expanding footprint.
“The addition of ANE and United Valley will assist Renaissance supply extra fee to all of our member organizations, similarly demonstrating our commitment to assisting them grow,” stated Kevin Callahan, Renaissance Alliance’s Chairman and CEO. “Our overarching approach is focused on strengthening the talents of our member businesses and presenting them the whole lot they want to high-quality serve their customers. Together we can assist our contributors beautify their profitability even as maintaining their independence.”
“We received Renaissance in 2018 and over the last 3 years have invested closely in skills, operations, and provider to provide an enterprise-leading product to our member marketers,” said Gaurav Bhandari, Managing Partner of Long Arc Capital. “With the core infrastructure now in area, we’re excited to scale the business further thru these acquisitions on the way to now not handiest provide us presence inside the vital Mid-Atlantic and Western U.S. Markets, however additionally, given our aggregated top class, deliver us scale to similarly improve the fee proposition for our member agents.”
ANE, founded in 2009 by New Jersey-based totally businesses, later improved into Pennsylvania and New York and has become one of the fastest-growing networks of unbiased businesses within the U.S. Today, it represents $1.4bn in top rate amongst its membership.
“Renaissance shares our imaginative and prescient for assisting impartial corporations thrive in an industry this is unexpectedly evolving,” stated Agency Network Exchange CEO Elizabeth Schenk. “Our blended top class scale in the Northeastern U.S. Offers an opportunity to better align with our strategic service partners. We are becoming a member of an organisation that strengthens our role as we constantly suggest for our organisation members.”
Based in Fresno, Calif., United Valley Insurance Services turned into based in 1983 as a nearby, Central Valley insurance business enterprise network with seven member businesses. Today, its consolidated club of businesses in California and Arizona represents $1bn in general written top rate with more than 60 shared carriers.
“We’re excited to band together with an organization totally centered around manager blast and introducing greatest advantage to its people,” said Rene Swan, President of United Valley Insurance Services. “Those inspirations have typically been the main impetus at the rear of United Valley’s transporter to our part organizations, and we look forward to further developing the expense we convey to them as a piece of the Renaissance circle of family members.”
Almost 30 new autonomous offices joined Renaissance Alliance in 2021. There is no entrance charge and no leave rate for its part associations, all of which keep on being a hundred% freely possessed and worked as they influence a full set-up of items, age, and administrations provided to help them develop. Thus, Renaissance’s part organizations create at 2 to four cases the normal charge.
About Renaissance Alliance:
Renaissance Alliance, a Long Arc Capital portfolio organization, works with impartial belongings & casualty company owners to grow top rate, maximize sales and boom company value thru extended income sharing, assured override revenue, and offloading non-revenue producing sports. The net impact is better sales, reduced costs, less operational hazard, and multiplied enterprise increase.
About Long Arc Capital:
Long Arc Capital is a private value firm situated in New York City devoted to building and scaling advancement innovation and innovation empowered organizations. Established in 2016, Long Arc has six Partners by and large with more than 150 years of contributing and working experience. The firm has a way of thinking of “dynamic proprietorship,” banding together with business visionaries and supervisory crews by bringing to bear a thorough set-up of assets that advance the human resources, key, item improvement, innovation, and monetary qualities of its portfolio organizations, effectively driving their beneficial development.
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