King Risk Partners has acquired Risk Avoidance Managers and Coastal Insurors, two Florida-based insurance agencies specializing in professional liability and cyber insurance.
The acquisitions expand King Risk Partners’ expertise in providing insurance coverage for professional services firms, including law firms, accounting firms and financial planners.
Founded in 2000, Risk Avoidance Managers is based in St. Petersburg, Florida. Coastal Insurors, established in 1994, is headquartered in Lakeland, Florida.
Both agencies focus on helping professionals identify business risks and obtain appropriate liability coverage. Their services include professional liability and cyber liability insurance, with an emphasis on personalized advice and long-term client relationships.
Scott Popilek, CEO of King Risk Partners, said the acquisitions support the company’s strategy of expanding its specialized insurance capabilities.
Popilek noted that both agencies bring valuable experience in addressing the insurance needs of professional services businesses. He added that King Risk Partners plans to provide additional resources to support their continued growth.
Michael Halfast, producer for Risk Avoidance Managers and Coastal Insurors, said joining King Risk Partners will give the agencies access to broader insurance markets and additional resources while allowing them to maintain their existing client relationships and personalized approach to service.
The acquisitions are part of King Risk Partners’ continued expansion through partnerships with established independent insurance agencies.
Financial terms of the transactions were not disclosed in the announcement.
Information for this article was provided by King Risk Partners. Views and claims expressed in this article are those of the source company and do not necessarily reflect the views of AgencyEquity.com. This article may have been edited with the help of AI.
