King Risk Partners boosts East Coast footprint via swoop

King Risk Partners boosts East Coast footprint via swoop | Insurance Business America

Insurance News

King Risk Partners boosts East Coast footprint via swoop

Principal of acquired business “excited for the future”

Insurance News

By
Terry Gangcuangco

Insurance broker King Risk Partners has acquired Coates Insurance Agency in Glenn Allen, Virginia, boosting the group’s footprint along the East Coast.

Trading for two and a half decades now, Coates Insurance Agency offers a range of personal and commercial insurance products.

Led by principal Bryant Clinton Coates, the firm is recognized for its customer-centric approach and strong community ties, making it a trusted provider for both individuals and businesses.

Malcolm King, chief executive of King Risk Partners, had this to say about the deal, financial terms of which were not disclosed: “We are elated to bring Coates Insurance Agency into the King Risk Partners family.

“Their deep roots in Virginia, combined with their commitment to exceptional service, aligns perfectly with our values and goals. This acquisition will expand our reach into the region while maintaining our commitment to excellence.”

Similarly, Coates emphasized the benefits of the merger for both his team and clients.

“Joining King Risk Partners allows us to expand our resources and expertise, enhancing the value we provide to our clients,” he said. “We have always been focused on delivering the best possible service, and with King’s support, we will be able to take that to the next level.

“I am excited for the future and look forward to continued success with King Risk Partners.”