US-based insurance brokerage King Risk Partners has acquired Fidens Insurance Brokers, an independent agency in Red Bank, New Jersey, for an undisclosed sum.
King Risk expects the acquisition to enhance its presence in the north-east of the US.
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Fidens Insurance Brokers specialises in commercial insurance and serves multiple sectors including construction, distribution, financial services, healthcare, manufacturing, real estate and technology.
Fidens’ expertise extends to mergers and acquisitions insurance, particularly for negotiating “complex representations” and warranty coverages in the international market.
Fidens Insurance Brokers owner and managing director Brian Liedell said: “Joining King Risk Partners is a tremendous opportunity for our team and clients. We share a commitment to excellence, integrity and accountability. With access to King Risk’s extensive resources and innovative strategies, we are confident our clients will benefit from an even broader range of services – while continuing to receive the personalised attention they value.”
King Risk Partners CEO Malcolm King stated: “We are thrilled to welcome Fidens to the King Risk Partners family. Their stellar reputation, industry expertise and client-first approach align perfectly with our growth strategy.
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By GlobalData“This partnership strengthens our presence not only in New Jersey but also supports our broader goal of expanding through collaboration with top-tier agencies.”
The announcement follows the appointment of Joel Eubank as the chief operating officer of King Risk Partners earlier this month.
