Michigan-based Brightstone Specialty Group announced its acquisition of RMS Hospitality Group and its affiliated claims firm, Fortis Risk Solutions, from RMS Insurance Brokerage, LLC.
The acquisitions expand Brightstone’s presence in the franchise food, hospitality and restaurant sectors.
RMS Hospitality Group is a national insurance program with more than 20 years’ experience. Fortis Risk Solutions is a third-party administrator. Both are based in Garden City, New York.
RMS Hospitality Group offers insurance for franchise food (quick service, fast food, family/casual style), hospitality (live music venues, bars, nightclubs), and restaurants (free-standing, in-hotel, stadium, country club). RMS also handles claims through its third-party administrator, Fortis Risk Solutions.
“We are thrilled to have the RMS HG and Fortis teams join Brightstone as we continue to build a platform for recognized specialty insurance innovators and leaders who focus on providing tailored services and solutions in our communities throughout the United States,” said Scott Goodreau, Brightstone chief executive officer.
RMS Hospitality Group will remain in Garden City.
RMS Insurance Brokerage is a managing general agent, wholesale broker, risk management consultant, and claims administrator.
Brightstone is a subsidiary of High Street Insurance Partners, Inc. It is comprised of two divisions: specialty services and underwriting.
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