ALKEME acquires North Level Insurance coverage Company to increase P&C market attain – Cyber Tech

ALKEME has introduced the acquisition of North Level Insurance coverage Company, a family-owned company with workplaces in New York, Vermont, and Maine.

The corporate famous that this acquisition is a part of ALKEME’s ongoing enlargement technique and strengthens its place within the property and casualty insurance coverage market.

North Level Insurance coverage Company, identified for its give attention to property, casualty, and private insurance coverage, can be one of many largest insurance coverage suppliers for the maple sugaring business within the Northeast.

Curtis Barton (pictured above), CEO of ALKEME, acknowledged that North Level’s experience within the maple sugaring business and dedication to personalised service align with ALKEME’s mission to offer complete and specialised insurance coverage options.

Barton stated that the acquisition expands ALKEME’s geographic presence and enhances its means to serve area of interest markets.

Jared Jabaut, CEO of North Level, expressed enthusiasm about becoming a member of ALKEME, highlighting the chance to leverage the brokerage’s assets whereas persevering with to serve purchasers and increase their attain.

Since its founding in 2020, ALKEME has accomplished greater than 40 acquisitions and at the moment operates in over 35 places throughout 16 states.

Final month, the brokerage additionally expanded its operations by buying San Diego-based Dunhill Advertising & Insurance coverage Companies. The 1992-established agency makes a speciality of life insurance coverage and annuities focused at high-net-worth people, together with entertainers and athletes.

The corporate can be famous for managing exceptionally giant insurance coverage insurance policies, usually exceeding $100 million in face worth.

On the personnel entrance, ALKEME additionally expanded in July with the addition of Scott Salandi as the brand new senior vp, director of surety.

Salandi brings over three a long time of expertise within the surety business, together with important experience in each home and worldwide markets. His current position concerned rising a worthwhile development surety portfolio within the Southern California market.

What are your ideas on this story? Please be at liberty to share your feedback beneath.