Element Risk Management Acquires Barnett Insurance in Pittsburgh

Element Risk Management, an independent agency based in West Chester, Pennsylvania, with an additional office in Bel Air, Maryland, announced that it has acquired Barnett Insurance Inc., an independent agency in Pittsburgh. Terms of the transaction were not disclosed.

Founded in 1957, Barnett Insurance offers coverages in commercial and personal insurance. Its commercial lines include trucking, contractors, restaurant packages, commercial property and package programs.

Barnett Insurance will continue to operate at its Pittsburgh location under the name Element Risk Management. Barnett Insurance’s two staff members will join Element Risk Management as part of the transaction.

Established in 2011, Element Risk Management focuses on homeowners, auto and personal umbrellas in personal lines, and real estate & construction, sports & recreation, manufacturing and long haul trucking in commercial lines. Element Risk Management has 12 employees.

Topics Mergers & Acquisitions