Insurance brokerage firm IMA Financial Group has announced a partnership with FC Underwriters LLC, which will be a division of IMA’s Eydent Insurance Services LLC.
“FC Underwriters LLC showcases how the MGA market is poised for expansion with a highly skilled team that has demonstrated the ability to develop specialty insurance products, a robust distribution network that provides strong support to agencies and a willingness to embrace the latest insurtech advancements for the betterment of their business and client base,” said John Briggs, president of Eydent Insurance Services.
Eydent Insurance Services is a firm under IMA that specializes in providing commercial property and casualty alternative risk solutions for specialty niche programs all over the country. It provides program management, policy issuance, loss control, claims assistance, program marketing, carrier alignment, and all of the systems for agents and carriers’ success.
As a full-service managing general agent, FC Underwriters offers turnkey services including underwriting and claims administration. With its partnership with IMA, the MGA will help it further establish its presence in the Midwest as well as incorporate a new partner which already embraces the broker’s approach in helping business with their growth and expansions.
The MGA consists of four businesses – Grand River Insurance Agency, Grand River Services, Stone Falls Insurance, and Bridge Excess Solutions.
“The partnership with IMA will be transformative for FC Underwriters and allow us to grow in an environment where our distinctive approach to building and serving our agency base can lead to better shared success for all of our partners,” said FC Underwriters president Victor Dusseaux.
“We are excited to join a respected national firm like IMA that shares our values and leverages our partners’ local presence, specialty expertise and shared vision for the future.”
MarshBerry Capital LLC will serve as FC Underwriters’ financial advisor on the transaction. This is IMA’s second strategic partner acquisition in 2024, with the previous one being RiskPoint Insurance Partners LLC.
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