PRINCETON, NJ (PRWEB) May 28, 2015
Protx Risk Management LLC, a professional liability managing general agent based in Princeton, New Jersey, has acquired the senior living professional liability insurance business of K&B Underwriters LLC of Reston, Virginia. The transaction was led by insurance investor Underwriting Strategies Inc. Terms were not disclosed.
Karl Seebacher, Vice President of Senior Living Programs of Protx Risk Management, stated, “We are excited to bring a strong book of senior living professional liability business to the next level.” He added, “we are confident that this transaction will benefit all of our stakeholders – our insureds, agency partners, and our superior carrier markets.”
“We are pleased to welcome the K&B Underwriting team to Protx,” said Robert L. Hitch, CPCU, Chairman of Protx Risk Management. “Our Senior Living team is a skilled group of professionals with deep knowledge of this growing sector. Protx is an underwriting specialist, and we are excited to augment our portfolio with this area of expertise.”
The Protx Senior Living Division will be based in Dayton, Ohio.
About Protx Risk Management LLC
Protx Risk Management LLC is a specialty professional liability insurance managing general agent with offices in Princeton, New Jersey and Dayton, Ohio. More information on Protx is available at http://www.protxrisk.com.
About Underwriting Strategies Inc.
Underwriting Strategies Inc.in based in Princeton, NJ and advises underwriters and investors in the insurance industry worldwide. More information on Underwriting Strategies can be found at http://www.uwstrategies.com.