DOXA Insurance Holdings Acquires Chicago’s Financial Risk Solutions

DOXA Insurance Holdings LLC (DOXA), a privately held holding company based in Fort Wayne, Indiana, has acquired Financial Risk Solutions Inc., the Chicago-based parent of the Chill-Pro Insurance Program. The program provides comprehensive commercial HVAC service contract insurance and product warranty insurance.

Financial Risk Solutions President Jim Wilson and his staff will maintain operations, retain the Financial Risk Solutions and Chill-Pro names, and remain headquartered in Chicago.

In a statement, Wilson said Financial Risk Solutions is “a relationship-based company with several air conditioning contractor partnerships reaching back 30 years.” He added that becoming part of DOXA “will create a new level of growth for the organization and the ability to continue building relationships within the HVAC insurance arena.”

DOXA Insurance Holdings partners with and acquires small to medium, independent managing general agencies (MGAs) with established brand recognition in their niche markets, consistent track records of success, and whose ownership seeks a business succession option without limiting or sacrificing full control of operations.

Source: DOXA Insurance Holdings

Topics Mergers & Acquisitions