Risk Strategies swoops for Florida agency

Target firm provides risk management services to specific group of clients

Risk Strategies swoops for Florida agency

Mergers & Acquisitions

By Ryan Smith

Specialty brokerage and risk management firm Risk Strategies has announced it has acquired The Insurance Center of Central Florida (ICCF), a firm focused primarily on providing risk management services to private clients. Terms of the transaction were not disclosed.

ICCF was founded 31-years-ago by president and owner Frank Hanrahan, and is a member of the Florida Association of Insurance Agents and Professional Insurance Agents. The agency offers property and casualty insurance for homes and vehicles and provides coverage and risk management advice for businesses.

“As we build our presence and client services in Florida, we saw ICCF as a great cultural and business fit,” said Scott Popilek, Risk Strategies Atlantic region leader. “We’re excited to welcome Frank and his entire team to the Risk Strategies family.”

Since its founding in 1991, ICCF has grown steadily, both organically and through acquisitions, particularly in the aftermath of Hurricane Andrew in 1992.

“We are located in the home of the John F. Kennedy Space Center,” Hanrahan said. “This area’s population has a clear need for specialized expertise in risk management for successful individuals and families, and area businesses. Becoming part of a specialty brokerage like Risk Strategies benefits our existing clientele and creates exciting new opportunities to grow and perpetuate the business.”

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