The acquired company is engaged in offering professional liability products for mental health, allied health and healthcare professionals. Credit: Hush Naidoo Jade Photography/Unsplash.

DOXA Insurance, a US-based company, has bolstered its national foothold with the purchase of CPH Insurance, a specialty managing general agent (MGA), for an undisclosed sum.  

The acquired company, which is based in Chicago, offers professional liability products tailored for mental health, allied health and healthcare professionals.  

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CPH Insurance, established in 2000 by Phil Hodson to cater to the mental health industry, currently serves more than 250,000 insureds across the US, leveraging technology to meet policyholder needs. 

In 2008, the company launched its first online quote and has since shifted the bulk of its policy sales online through straight-through-processing technology.  

CPH Insurance also collaborates with organisations, utilising a proprietary underwriting platform that supports full policy life cycle management and digital distribution. 

DOXA has promised to support CPH Insurance’s growth, maintaining its existing book of business and introducing new products to meet the specific requirements of its clientele.  

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DOXA CEO and co-founder Matt Sackett said: “We are pleased to partner with CPH Insurance, an organisation with vast specialised expertise in allied health. Everyone at DOXA looks forward to working with the team at CPH Insurance as they continue to grow and offer new solutions to allied health professionals.”  

CPH Insurance founder and president Phil Hodson said: “Building this organisation from the ground up allowed us [the] ability to make the right decisions for the clients we work to protect.  

“Partnering with DOXA allows us to maintain autonomy while gaining additional insurance industry experience and back-office support. We are excited to work with DOXA as we grow our footprint in the marketplace and expand our product offerings.” 

Earlier this year, DOXA introduced Arris, an insurance programme aimed at the excess and surplus (E&S) commercial property space.  

Arris Property Underwriters targets the education, healthcare, hospitality, light manufacturing, municipality and real estate sectors. 

In November 2023, Goldman Sachs Asset Management agreed to acquire DOXA for an undisclosed amount.