The Krauter Group, parent company of US commercial insurance brokerage Krauter & Company, has announced an equity investment in Cannasure Insurance Services. The terms of the agreement allow for a larger equity investment in the future.
Cannasure is one of the industry’s leading cannabis insurance brokerages, according to Krauter.
“We are very excited to enter into a partnership with (Cannasure CEO Patrick McManamon) and Cannasure,” said Krauter CEO and Chairman Neil C. Krauter. “I believe the synergies of our two firms creates the opportunity to both develop and grow this underserved market sector and provide insurance solutions that will enable this sector to grow and prosper.”
“Krauter’s investment brings an opportunity to expand our product portfolio and client base as well as tap into Neil and his staff’s breadth of knowledge and experience,” McManamon said. “We look forward to our complementary talents creating opportunities for both firms.”
Related stories:
California’s cannabis industry has its first insurer
Is pot no riskier than any other surplus lines product?
.jpg)
