PSA Acquires Baltimore Office of Edgewood Partners Insurance Center

PSA Insurance & Financial Services acquired the Baltimore office of San Mateo, Calif.-based Edgewood Partners Insurance Center (EPIC), a provider of risk management and insurance services.

Insurance veteran Craig Routson and Brian Marx, who have been working at the EPIC’s Baltimore office, will now be members of PSA. Routson and Marx both have over 25 years of experience managing risk for large companies with unique and sizable risk exposure.

Routson and Marx bring relationships with the largest players in the global insurance market and the capability to assist clients with complex problems through a range of solutions including enterprise risk management, manuscript policies, and alternative risk transfer. They will spearhead PSA’s new Risk Solutions Group, overseeing PSA’s largest risk management accounts.

The EPIC team brings an big client portfolio to PSA, with specific expertise in alternative energy, healthcare, aviation, and satellite technology. Clients include major metropolitan transit authorities, national associations, and solar industry providers, among others.

“To date, our property/casualty services have focused on the needs of small to middle-market businesses. The EPIC team brings considerable strength and experience in servicing larger companies with sophisticated insurance and risk management needs,” said Chip Lewis, PSA’s managing director.

“By combining our resources, our clients will benefit from access to a stronger team, and PSA will be well-positioned to pursue sizable new business opportunities throughout the country.”

Topics Mergers & Acquisitions