Keystone Takes Stake in East Coast Risk Management

June 9, 2009

Keystone Insurers Group has purchased an equity interest
in East Coast Risk Management as part of a deal that will provide the group’s franchised locations with an expanded suite of services.

Northumberland, Pennsylvania-based Keystone is one of the largest privately held insurance firms in the country. East Coast Risk Management (ECRM), headquartered in North Huntington, Pa., offers risk management services including loss control, human resources, environmental consulting, third party administration and claims management.

“This will significantly enhance our services,” said George Wynne, senior vice president of corporate development at KIG. “It will enable KIG’s more than 250 locations in Pennsylvania, North Carolina, Virginia, Indiana and Ohio to effectively compete with the largest and most sophisticated of international agents and brokers.”

“The opportunity to partner with Keystone Insurers Group will help fuel our continued growth and expansion in states currently serviced by Keystone Insurers Group,” said President Michael Lukart, who founded the firm in 2006 with Duncan Financial Group Inc. and Seltzer Group Inc., all of Pennsylvania. “We have historically provided risk management services to a number of KIG clients, and this partnership just makes sense for both parties.”

Source: Keystone Insurers Group

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