The Biz Blog
May 17, 2011 by Dan Munter
Dan Munter just launched a new listing: https://www.bizex.net/listing/316
Wholesale Insurance broker Asking: $550,000 * Gross: $3,025,062 * Net: $285,438
This business specializes in providing wholesale insurance brokerage services to a variety of retail insurance brokers across the United States of America in the Specialty Financial Products niche areas of Directors & Officers Liability, Employment Practices
Liability, Errors & Omissions Liability and Comprehensive General Liability/Errors & Omissions Liability Insurance for Nursing Homes and other Long-Term Care Facilities.
The company has a roster of approximately sixty retail insurance brokerage operations with whom they do business. Additionally, Quorum Risk has contracts with approximately forty-five insurers, with whom they place this business. Both sets of relationships have been built over two and a half decades and remain strong to this day.
Please note that the stated Gross Sales on this sheet are the total gross premiums written and the Discretionary Earnings are the net commissions earned.
The ideal buyer would be a similar independent insurance wholesaler looking to grow their business through an acquisition.
If you would like to get more information, you will first need to fill out an NDA which can be found at www.bizex.net. You can also email Dan Munter at dmunter@bizex.net or call me at 310-882-2200 ext. 121.
Dan Munter Email: dmunter@bizex.net Office: (310) 882-2200 ext 121 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/dan-munter
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