Align Financial Group Inc. (Align) has acquired Executive Liability Managers Insurance Brokers Inc. and Attorneys & Professionals Insurance Services Inc.
Kieran Sweeney, Align’s CEO, said the acquisition of ELM “represents an impressive entrance into the professional liability marketplace for Align and fits well with our strategy of building a profitable and diversified specialty insurance business.”
ELM and APIS are specialist wholesale insurance brokerages that focus exclusively on providing liability insurance solutions to professionals such as accountants, architects, engineers, real estate agents, insurance brokers as well as other miscellaneous professional consultants. ELM, which owns APIS, was started by Frederick J. Fisher, who continues to lead the business today.
ELM, headquartered in El Segundo, Calif., will continue to operate from its three current California office locations as the professional liability division of Align.
Align Financial Group Inc. is a Delaware domiciled insurance holding company that also owns Align General Insurance Agency Inc., a general agency and program underwriting manager headquartered in San Diego, and Align Claims Services Inc. an independent claims adjusting company based in Irvine, Calif.
Topics Mergers & Acquisitions
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