BevCap Management, an alternative risk and captive management firm, has acquired Florida-based Dealer Risk Services, a group captive insurance program.
BevCap, which manages BevCap Captive Group, called it a vertical integration that will allow the firm to expand its platform. Founded in 2008, BevCap said it works with brokers and agents to distribute its products. It is a subsidiary of Beyond Risk Management.
Dealer Risk Services, which services automobile dealerships, was founded in 1968. President Steve Gibson has been in the business since 1984, the company said in a news release.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud 
Comulate Loses Appeal for Injunction Against Applied Systems 
Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
