AssuredPartners Inc., through its Dawson Companies platform, has completed the acquisition of InSight Aviation Insurance in Richmond, Va.
InSight Aviation is an agency that specializes in property/casualty insurance and risk management services for aviators and aviation businesses, from individual aircraft owners to multinational aerospace concerns.
Jay Wadsworth, principal of InSight Aviation Insurance, will join Dawson Companies as president of Dawson Aviation and senior vice president of AssuredAerospace, and will continue to work closely with aviation clients throughout the eastern United States. Dawson Companies provides insurance products for businesses and individuals, employee benefits, and claims and surety bonding services.
Headquartered in Lake Mary, Fla., AssuredPartners is a portfolio company of Chicago-based private equity firm GTCR. AssuredPartners acquires and invests in insurance brokerage businesses (property/casualty, employee benefits, surety, MGA/wholesalers) across the United States and in London. From its founding in 2011, AssuredPartners has grown to $290 million in annualized revenue, with more than 80 offices in 24 states and a London office. Since 2011, AssuredPartners has acquired more than 50 insurance firms.