US-based insurance coverage brokerage King Threat Companions has acquired Fidens Insurance coverage Brokers, an unbiased company in Purple Financial institution, New Jersey, for an undisclosed sum.
King Threat expects the acquisition to reinforce its presence within the north-east of the US.
Fidens Insurance coverage Brokers specialises in industrial insurance coverage and serves a number of sectors together with development, distribution, monetary companies, healthcare, manufacturing, actual property and know-how.
Fidens’ experience extends to mergers and acquisitions insurance coverage, significantly for negotiating “complicated representations” and guarantee coverages within the worldwide market.
Fidens Insurance coverage Brokers proprietor and managing director Brian Liedell stated: “Becoming a member of King Threat Companions is an incredible alternative for our crew and shoppers. We share a dedication to excellence, integrity and accountability. With entry to King Threat’s in depth assets and progressive methods, we’re assured our shoppers will profit from a good broader vary of companies – whereas persevering with to obtain the personalised consideration they worth.”
King Threat Companions CEO Malcolm King acknowledged: “We’re thrilled to welcome Fidens to the King Threat Companions household. Their stellar popularity, trade experience and client-first method align completely with our progress technique.
“This partnership strengthens our presence not solely in New Jersey but additionally helps our broader purpose of increasing by way of collaboration with top-tier companies.”
The announcement follows the appointment of Joel Eubank because the chief working officer of King Threat Companions earlier this month.
