Insurance

One80 Intermediaries Acquires Pennsylvania Wholesale Broker Agentic


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Boston-based specialty insurance broker One80 Intermediaries reports that it has acquired wholesaler broker Agentic Insurance of Radnor, Pennsylvania.

Agentic is a privately owned specialty operation providing professional lines products including errors and omissions, management liability, cyber liability, media liability, allied healthcare and environmental.

Terms of the deal were not disclosed.

“One80 is committed to the financial lines space and to that end, we have now acquired five highly specialized, financial lines specialty firms throughout the United States,” said Matthew F. Power, president, One80 Intermediaries.

Prior to founding Agentic in 2012, partner Michael Peck was a senior account manager with Apogee Insurance Group. Gregory M. Quinn, who joined Agentic in 2012 and was named a partner in 2014, previously worked at Gateway Specialty and also at Apogee.

One80 specializes in key industry verticals including medical stop loss, cannabis captives, alternative risk, warranty coverage and lender-based insurance. One80 has offices in more than 40 locations in the U.S. and Canada.

Since January, One80 has announced acquisitions that include June Ohio-based SelmanCo, VFIS of North Carolina, New York-based Seacoast Specialty Administrators and PMC Insurance Group in Massachusetts.

Topics
Mergers & Acquisitions
Agencies
Pennsylvania

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