Boston-based specialty insurance broker One80 Intermediaries has announced a partnership with the AVMA Trust Professional Liability program.
The collaboration will see One80 subsidiary Pearl Insurance serve as the broker and administrator for the AVMA Trust’s Life & Health and Professional Liability programs, along with associated products such as business owners policy, employment practices liability insurance, and workers’ compensation.
Accession Risk Management Group, the parent company of One80 Intermediaries, oversees a portfolio of specialty insurance and risk management firms, including Risk Strategies. The company places more than $15 billion in insurance premiums and reports $1.5 billion in combined revenues.
Since 2014, Accession has acquired over 180 companies as part of its growth strategy.
Pearl Insurance, a subsidiary of One80, has been in operation for more than 70 years, providing insurance solutions for affinity groups, individuals, and brokers across the United States.
The firm specializes in affinity, wholesale, program, contract binding, and warranty solutions across multiple sectors, including medical stop loss, cannabis, captives, alternative risk, and lender-based insurance.
The AVMA Trust, which offers insurance and risk management services to members of the American Veterinary Medical Association, sought proposals for a new broker and administrator to develop a central member database aimed at improving efficiency, engagement, and service delivery. Following a review process, Pearl Insurance was selected to oversee these programs.
As part of its role, Pearl Insurance will manage administrative, brokerage, and marketing licenses, ensuring compliance with nationwide program offerings. The firm will also provide IT and web technology support, marketing strategies, and personnel dedicated to growing the AVMA Trust’s member insurance program.
Gary P. Pearl (pictured above), chairman and CEO of Pearl Companies, said the transition represents one of the largest insurance program shifts in the industry.
“We are excited to partner with the AVMA Trust to establish a new foundation for growth and unparalleled member value by creating a central, unified member experience that offers seamless solutions, efficiencies, and engagement,” Pearl said.
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