Building on its history of providing coverage to builders and developers, independent insurance brokerage Propel Insurance announced it is expanding its real estate expertise by acquiring Cascade Risk Placement Inc. and Encore & Company Insurance. Staff from both Cascade and Encore will join the team in Propel’s Seattle office.
Cascade Risk Placement, based in Bellevue, Wash., has focused primarily on the real estate industry, offering office, apartment, hotel/motel, industrial park and other related real estate risk management services. Formed in 2003, the firm also developed and administered Insurance Program for Association Housing (IPAH), a group property and liability insurance program exclusively for members of affordable housing associations.
Lynnwood, Wash.-based Encore & Company specializes in coverage for owners and managers of manufactured housing communities, shopping centers, and self-storage facilities.
Topics Mergers & Acquisitions
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