All Risks, Ltd. Acquires Tower Program Insurance Services, Inc.

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The nation’s largest independent wholesaler announces its acquisition of a national program administrator based in Austin, TX.

Patrick and Scott's expertise of the tower construction industry distinguishes them in the marketplace and allows them to run a profitable program...

All Risks, Ltd., the nation’s largest independent wholesaler, announces its acquisition of Tower Program Insurance Services, Inc., a national program administrator, based in Austin, TX. Tower Program Insurance Services, Inc. has developed a national program for the tower construction industry and has joined All Risks, Ltd. effective July 31, 2015. Terms of the transaction were not disclosed.

Patrick Shea and Scott Hermesmeyer, founders of Tower Program Insurance Services, Inc., have joined the National Specialty Programs unit of All Risks, while continuing to operate from Austin. Patrick and Scott will run the day-to-day operations while working to expand the array of products to this booming industry.

“We could not be happier to have Patrick and Scott joining the All Risks Programs team. Their expertise of the tower construction industry distinguishes them in the marketplace and allows them to run a profitable program in a very underserved and difficult-to-place class of business,” stated Chris McGovern, Senior Vice President of All Risks, Ltd.’s National Specialty Programs.

Retail agents can view details of each of these exclusive national programs at http://www.allrisks.com/products/specialty-programs/.

All Risks, Ltd., based in Hunt Valley, Maryland, is the largest national independent wholesale brokerage firm offering comprehensive insurance solutions with a full service platform of brokerage, contract binding, exclusive national programs and specialty personal lines products for retail insurance agents and brokers nationwide. The 51-year-old firm employs over 750 staff members in offices located in Maryland, Arizona, California, DC, Florida, Georgia, Illinois, Indiana, Louisiana, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia and Washington. To learn more, please visit http://www.allrisks.com.

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Hollie Degutis
All Risks, Ltd.
+1 (410) 828-5810 Ext: 3031
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