Balavant acquired TIMBY Specialty

Balavant Insurance Group acquired TIMBY Specialty Insurance Solutions, an Everett, Washington-based inland marine program manager founded in 2021. TIMBY offers Contractors’ Equipment, Motor Truck Cargo, and Warehouse Legal Liability coverage, backed by A-rated admitted and non-admitted capacity.

The acquisition expands Balavant’s inland and ocean marine presence and supports its goal of building a modern MGA platform. Timby Insurance Solutions will continue operating under its brand with no service disruptions as part of Balavant’s specialty programs portfolio.

“TIMBY has established itself as a trusted partner by delivering specialized, high-quality solutions to brokers and clients in critical industries. Joining forces with TIMBY elevates Balavant’s leadership in inland and ocean marine and expands our capacity to protect transportation and logistics risks across the country.” – Rekha Skantharaja, CEO of Balavant.

“This partnership with Balavant positions TIMBY to accelerate growth while maintaining our focus on innovative program design and exceptional broker support. We’re excited to join forces with a platform that shares our entrepreneurial spirit and commitment to delivering unique solutions to the marketplace.” – Tyler Van Spanje, CEO and founder of TIMBY Specialty.