Insurance wholesaler and program manager One80 Intermediaries (One80) has acquired wholesale insurance broker CPro Associates for an undisclosed sum.
The acquired firm specialises in offering employee benefits coverage with a focus on nonsubscriber insurance.
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CPro is also a workers’ compensation wholesale broker for the middle market.
Under an approved ERISA plan CPro’s nonsubscriber offering compensates clients for their medical, disability, and death benefits provided to their employees for occupational injuries. It also provides defence costs and legal liability coverage.
CPro’s middle-market workers’ compensation program partners with insurance carriers and specialises in mainstream accounts.
It also covers more complex insureds that may have multi-state exposure or high experience mods and require additional attention.
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By GlobalDataOne80 Intermediaries president Matthew Power said: “The acquisition of CPro not only deepens One80’s employee benefits and workers’ compensation offerings; the partnership also allows us to further develop our footprint throughout the state of Texas.”
CPro Associates managing director Michael Hardin said: “We are confident that One80’s existing brokers throughout the state of Texas will benefit from CPro’s experience in workers’ compensation insurance and nonsubscription insurance.
“Likewise, we look forward to providing One80’s diverse platform to our valued agents.”
Earlier this year, One80 snapped up New York-based managing general underwriter Edward E. Hall and Company (EE Hall).
EE Hall specialises in offering property and casualty products aimed at the retail vehicle industry.
