California-based Relation Insurance Services reports it has acquired Elite Insurance Agency, Inc. on April 1, 2024.
Elite, based in Brooklyn, New York. offers employee benefits, commercial insurance, and high-net-worth personal insurance,
Owner Yechiel Bromberg will continue managing that office as part of Relation.
Terms of the transaction were not disclosed.
Bromberg said Relation’s “expertise and broad network of carrier relationships” will allow his agency to offer clients the “best options for coverage that fits their needs.”
Relation Insurance Services is ranked by Insurance Journal within the top 25 largest agencies in the country by revenue and has approximately 1,350 employees across more than 137 locations nationwide. Privately-held Relation is backed by Aquiline Capital Partners, a private equity firm based in New York and London.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Taylor Farms, Taco Bell Face Multiple Lawsuits Over Cyclospora Outbreak 
Hacking Group Claims Mass Data Theft From Shell, Philips, GE, Fiserv, Others 
Lindsay Clancy Trial Focus Turns to Drugs Prescribed Before She Killed Her 3 Children 
AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says 
