St. Paul, Minn.-based independent insurance brokerage, North Risk Partners, announced it has merged with Thune Insurance Network, located in Northwest Minnesota with offices in Thief River Falls, Roseau and Baudette.
The merger resulted in North Risk Partners’ growth to more than 150 employees and approximately $400 million in annual written premiums.
Headquartered in Thief River Falls, Thune Insurance Network is a 40-year-old, independent agency employing 25 insurance professionals. The agency offers an array of personal and business risk management products, including commercial, home, auto, farm, health, life, disability, dental, vision, long term care, and more.
North Risk Partners is a privately held, 150-employee insurance brokerage based in St. Paul, Minn. The brokerage has four independently operated agencies: St. Cloud-based Apollo, Rochester-based C.O. Brown, St. Paul-based Johnson McCann and Thief River Falls-based Thune. North Risk Partners also has multiple satellite locations across the state, including offices in Baudette, Roseau, Alexandria, Albany, Melrose, Monticello, Lake City, Mankato, Red Wing and Hastings. The company provides risk management solutions in the areas of business insurance, employee benefits, and personal insurance, with additional support in the areas of human resources, loss control and wellness.
Source: North Risk Partners
Topics Mergers & Acquisitions
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