Evertree Insurance coverage Providers has strengthened its embedded partnership capabilities with the acquisition of US-based Prosper Insurance coverage.
The acquisition types a part of insurance coverage dealer Evertree’s efforts to strengthen its presence within the mid-Atlantic area.
Monetary phrases of the deal had been undisclosed.
Evertree, which was based in September 2022, stated the transaction marks a big milestone in its strategic development plan.
Evertree founder and CEO Alex Tuff stated: “Drew Monroe and his 99-person staff have devoted the final decade to creating cutting-edge know-how and options for his or her companions and producers.
“Collectively, we’re well-positioned to seamlessly combine and make investments on prime of confirmed know-how into each side of our operation and prolong embedded options to partnerships on a nationwide scale. Importantly, we’re excited to onboard the distinctive staff they’ve assembled and are assured that as a mixed drive we are going to additional our effort to grow to be the preeminent private strains brokerage agency of the longer term.”
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Evertree operations and know-how head and Prosper Insurance coverage founder Drew Monroe stated the mix of Prosper Insurance coverage and Evertree would redefine business requirements.
The deal additionally permits Evertree to supply progressive insurance coverage options and a extra distinctive consumer service expertise.
Monroe added: “We look ahead to merging our companies’ strengths and data to make insurance coverage less complicated, extra accessible and tailor-made to the person wants of our shoppers and are assured that our shared mission and core values will end in a very distinctive platform throughout the business.”