Major US marine insurance agency sold
High Street Insurance Partners (HSIP) has acquired Maritime Insurance International, one of the largest marine-specific agencies in the USA.
Headquartered in Charleston, South Carolina, Maritime Insurance International is a provider of boat, yacht and commercial marine insurance. It has four east coast offices positioned to serve coastal and lakefront communities across the USA.
“We have a significant concentration of business in the southeast, with over 40 agencies,” says Scott Wick, CEO of Michigan-based HSIP. “With the addition of Maritime Insurance International, our growing marine specialty practice can better serve our clients in this region and nationally with all their maritime needs.”
Nick McGinty, president of Maritime Insurance International, says: “We are excited to join HSIP. Our partnership with them will allow us to better serve all our current and future clients.”
This acquisition is one of 17 finalised in December 2021, making HSIP one of the most active brokerage firms in 2021, in terms of acquisitions. HSIP has acquired 97 agencies in three years. The full-service, independent insurance brokerage firm has a geographical footprint spanning 23 states.
Founded in 2018, HSIP employs over 1,700 insurance specialists & consultants in offices based in Arkansas, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Maryland, Michigan, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, & Washington.