EPIC Insurance Company has acquired the assets, employees and operations of Vanbridge, a New York-based insurance intermediary and program management business.
Vanbridge focuses on alternative asset management, corporate and individual high-net-worth clients, and solving risk-related issues through insurance and alternative capital.
EPIC is the 9th largest privately owned insurance broker in the nation. The addition of Vanbridge adds 45 employees to the company.
“I am very pleased to be joining the EPIC organization,” said Philip V. Moyles Jr., managing principal and CEO of Vanbridge. “I believe that Vanbridge will be able to leverage the EPIC platform to expand its business on behalf of alternative asset managers.”
The business will now operate as Vanbridge – an Epic Company. Moyles has been appointed executive vice president and will report to Peter Garvey, CEO of EPIC Insurance Brokers and Consultants. Moyles will continue to lead Vanbridge and will also become a member of EPIC’s executive committee.
“The team at Vanbridge has established their business as the innovative specialist serving the sophisticated needs of the alternative asset management industry,” Garvey said. “Having known Phil well for some time, I’m confident his strong relationships, depth of knowledge, and leadership, combined with our own expanding capabilities, will propel EPIC to a leadership position within this important segment.”
“Phil and his team have built a unique set of programs, products and services for an increasingly important segment of the financial services industry,” said John Hahn, CEO of EPIC Holdings. “I’ve spent the majority of my career in the wholesale sector – working with both property and casualty insurance products and broker general agency life insurance products – and fully understand how important it is to respect and serve all distribution channels. Given EPIC’s range of offerings in our specialty programs and products group, we offer Vanbridge and their partners the perfect fit for and support of their distribution model with retail brokers.”