Armada Risk Partners Expands into Michigan, Acquires The Reaume Co.
CLEVELAND, OH — Armada Risk Partners announced that it continues to expand with the acquisition of The Reaume Company, a Beverly Hills, Michigan brokerage firm working in the areas of insurance and employee benefits. Armada is an all risk and insurance brokerage/consulting firm based in Cleveland and also operates in Tampa, Florida.
“The Reaume Company brings us its impressive history of service and industry knowledge,” said Edward X. McNamara, CEO, Armada Risk Partners. “Their team is comprised of industry veterans who bring proven and innovative solutions when responding to client needs.”
The Reaume Company started in 1996 and the family’s insurance history dates back to 1957. The independent insurance firm has a proven presence in closely-held corporate and individual markets. Robert J. Reaume, Founder, will join Armada as a partner and member of its executive team. He and his team will remain serving clients from its Beverly Hills office.
Reaume is a Chartered Life Underwriter (CLU) and an Life Insurance Counselor (LIC), so he and his team will be leveraged in the establishment of the Life Insurance Division. They will specialize in offering protections to corporate markets and high net-worth individuals, as well as consulting in the areas of life protection, disability protection and long-term care planning.
“We reviewed offers to partner with four other prospective firms, yet none demonstrated the added value that the team at Armada brings to our clients,” said Robert J. Reaume. “Armada’s culture matches ours. Their team offers immediate synergies that will encourage our clients to realize greater growth, as their service promise goes beyond risk management solutions and insurance options. Joining Armada improves our internal technology and service capabilities, and enhances our client relationships.”