Los Angeles has become one of the more difficult markets in the country for placing high-net-worth personal lines coverage, and the number of independent specialists with the carrier relationships to handle it has narrowed. EPIC Insurance Brokers & Consultants moved to address that gap, acquiring E. Broox Randall & Sons Inc., a boutique agency that has been placing complex personal and commercial risks in Southern California since 1922.
Randall Insurance, led by Richard M. Bryant since 1988, serves high-net-worth individuals and families across the Southwest, alongside small business commercial accounts. Under the terms of the deal, Randall’s personal lines book will join EPIC Private Client, while its commercial small business accounts will be managed through EPIC Main Street and EPIC’s broader Los Angeles commercial operations.
The January 2025 Los Angeles wildfires accelerated a retreat that admitted personal lines carriers had already begun in California, pushing more high-value residential placements into the surplus market and thinning the pool of specialist brokers with the carrier relationships to reliably deliver full limits on complex high-net-worth risks. Southern California’s HNW placement environment is now one where local knowledge and long-standing carrier access carry more weight than they did before those losses, and Randall Insurance has had a century to accumulate both.
That dynamic is playing out nationally, too. The US added more than 440,000 new millionaires in 2025, according to the UBS Global Wealth Report 2026, while admitted carriers simultaneously contracted in the states where much of that wealth is concentrated. The gap between who needs specialist personal lines placement and who can actually provide it has widened, creating an opening that national brokers with scale and specialist capacity are moving to fill. Retail agents managing affluent clients increasingly depend on specialist partners to access markets that standard carriers have vacated.
The Randall acquisition extends a deliberate geographic and capability build-out that EPIC’s Private Client practice has been running since at least late 2024. In Chicago, the acquisitions of Phillips Bros. Insurance Agency, Chartwell Insurance, and Price Insurance collectively strengthened EPIC’s HNW and commercial presence on the North Shore.
In September 2026, EPIC acquired Korotkin Insurance Group, a fifth-generation Michigan brokerage, giving it its first significant Detroit anchor. Randall now does the same for Southern California.
Kevin Daley, president of EPIC Private Client, said the firm looks for acquisitions that share its approach to the HNW space and bring established local presence. “Their experience and strong presence in Los Angeles further expand our footprint in the region and reinforce our commitment to the Southern California market,” he said.
Bryant described the decision to join as one that lets Randall maintain its client-first approach while gaining national scale. “Joining EPIC allows us to stay true to that approach while benefiting from the scale, expertise, and resources of a leading national brokerage,” he said.
That framing reflects how EPIC has described its broader specialty acquisition philosophy: concentrating investment in markets where it already has established capabilities rather than adding new practices for their own sake. With approximately $1.4 billion in revenue and over 3,000 employees, EPIC has the resources to follow through on that model, which means boutique owners and retail brokers in markets where it has signaled interest can expect further consolidation activity.
