EPIC Insurance Brokers & Consultants has acquired a direct retail wine industry business from Paragon Insurance Holdings. EPIC says the purchase is a sign of its commitment to growing its wine industry client relationship and becoming a leading provider of risk management and insurance services to wineries in the U.S. The purchase strengthens an area of specialty for EPIC but also gives the wineries involved the benefits of strong representation, industry expertise, service excellence, and aggressive client advocacy, says Michael McNulty, EPIC's wine industry practice leader.
Meanwhile, Paragon says it got the accounts when it purchased John Sutak Insurance Brokers, a wine industry specialist, and two winery programs from the Argo Group. Selling the wine business allows Paragon to eliminate any possible ambiguity about the strength of its commitment to retail insurance brokerage partners while also allowing the company to maintain a clear strategic focus on its core program management and underwriting expertise.
Related: Italian Wine Grape Harvest Expected to Be Up in 2018; Canadian Government Invests in Wine Industry.
from Industry Operations https://ift.tt/2P8aMSp
No comments: