Threat Methods, a North American specialty insurance coverage brokerage, has acquired GMC Advisors, a Houston, US-based firm specialising in business strains insurance coverage merchandise.
The monetary phrases of the deal haven’t been disclosed.
Arrange in 2003 and led by Greg Chubon, GMC Advisors serves the development, manufacturing and vitality sectors.
The corporate additionally has a shopper base in engineering, oil and gasoline, and petrochemical-related firms within the Houston area.
Chubon, with 37 years of expertise within the insurance coverage business, had a background in new enterprise growth for regional and nationwide brokerages earlier than establishing GMC Advisors.
Chubon said: “Becoming a member of Threat Methods is a improbable alternative to scale our specialty focus whereas retaining our high-touch shopper service philosophy. I’m excited to have the ability to provide new and expanded capabilities to our purchasers, in addition to new profession path alternatives for our folks.”
Threat Methods West area chief Pat Roth stated: “It’s nice so as to add such deep business experience to our West Area as we proceed to construct out our nationwide capabilities in key industries.
“Our agency has constructed its success on the energy of its folks and their specialty information. Greg and his group deliver extra experience to Threat Methods, and we’re excited to have them assist drive our progress and meet evolving shopper wants.”
Over the previous decade, Threat Methods has made a number of acquisitions within the West Area.
In 2016, the corporate acquired McLaughlin Brunson Insurance coverage Company, a Dallas-based firm with a deal with architects and engineers’ skilled legal responsibility insurance coverage.
This was adopted by the 2020 acquisition of Transport Threat Administration, a Colorado-based aviation insurance coverage specialist.
Moreover, Threat Methods introduced the Fournier Group from Portland, Oregon, in 2021, including information within the restaurant and hospitality industries, together with aviation insurance coverage.
In 2022, it acquired Burke Insurance coverage Group, primarily based in New Mexico, including depth in development surety bonds.
