Constellation Affiliated Partners (Constellation) has acquired INSUREtrust, a specialty wholesale broker and MGA headquartered in Atlanta, Ga. Financial terms of the transaction were not disclosed.
INSUREtrust, founded by Steve Haase in 1997, is a specialty wholesale broker and managing general agent, distributing cyber liability, technology errors & omissions and miscellaneous professional liability coverages.
INSUREtrust has also promoted Christiaan Durdaller to president and CEO of INSUREtrust. Durdaller will take over for CEO and Founder Haase in his retirement from INSUREtrust. Durdaller will continue to oversee the strategy, company’s products, partnership and production.
Bill Goldstein, CEO of Constellation, said INSUREtrust’s “stellar reputation” in the cyber risk marketplace, its team of brokers and underwriters, and its development of technology to drive business, were driving forces behind the new partnership.
Durdaller said the new partnership with Constellation Affiliated Partners will allow INSUREtrust to broaden its technology enabled products and continue to develop its risk management platform.
Marsh Berry & Co was exclusive advisor to the seller.
Constellation Affiliated Partners is a New York-based insurance consolidator platform that specializes in acquiring MGA, program administrator and wholesale companies in the United States and Canada.
Was this article valuable?
Here are more articles you may enjoy.