Intermediary firm One80 has bought specialty wholesale brokerage firm Professional Risk Solutions (PRS) for an undisclosed amount.
According to a statement from One80, PRS specializes in management liability for non-profit, for-profit, public entities, and publicly traded companies; professional liability, including lawyer’s professional and errors and omissions coverage for technology, architects, and engineers, contractors, real estate, and allied healthcare risks; and cyber liability for all classes of business.
Matthew F. Power, president of One80, said that the acquisition will further strengthen One80’s capabilities, while empowering PRS brokers with opportunities through its platform.
One80 has been on an acquisition spree in recent weeks, having picked up Pearl Insurance and Innovative Risk Management in January and February this year.
The last two years have seen One80 make a series of acquisitions, including Brokers’ Risk and Vista Underwriting Partners in 2020. It has also in recent weeks acquired PMC Insurance Group and CPro Associates.
