US insurance brokerage ALKEME Insurance has announced the acquisition of Virtue Risk Partners, a Pearl River, New York-based managing general agent (MGA) specializing in specialty insurance solutions.
MGA’s platform is designed to provide tailored insurance products, risk management support and claims expertise to contractors, consultants and engineers in all 50 states.
ALKEME Insurance said the acquisition strengthens Virtue Risk Partners’ program business by adding to its specialized underwriting capabilities. Virtue’s team has more than 65 years of combined experience and a strong background in casualty and environmental specialty underwriting.
Curtis Barton, CEO of ALKEME Insurance, commented: “Virtue Risk Partners represents a different type of partnership for ALKEME, one that deepens our capabilities in specialty plan underwriting and expands the solutions we can provide to clients across the country. What attracted us to Virtue also attracts every partner we bring on board: a customer-focused team committed to doing things the right way. We are proud to welcome them to ALKEME.” Big family.”
Virtue Risk Partners brings a different model to traditional retail agency acquisitions with its MGA platform focused on developing specialty insurance products and supporting clients with complex risk needs.
Joseph Valenza, national program director for Virtue Risk Insurance Services, added: “Joining ALKEME represents an opportunity to build on more than a decade of rigorous underwriting, innovation and growth. ALKEME provides the scale and resources to accelerate success, and we are proud to join the family.”
The acquisition is part of ALKEME Insurance’s broader growth strategy, which focuses on partnering with high-performing insurance businesses that share the same approach to customer service and culture. The company said the addition of Virtue Risk Partners will further expand its expertise and support its continued growth in key U.S. markets.
