One80 Intermediaries acquires Innovative Risk Management
One80 Intermediaries , a specialty insurance broker headquartered in Boston, acquired Innovative Risk Management (IRM), a program manager which provides agents, brokers and self-insured entities with captive and alternative risk solutions.
Also included in the transaction is Programs Plus, providing underwriting management and policy administration services for self-insured entities, captive insurance, and specialty programs.
Founded in 1991 and headquartered in Dallas, Texas, IRM helps clients improve their risk profile, control losses, and manage claims, in addition to developing long-term strategies for alternative funding (captives) that address the unique risks of each business. Services include captive solutions, program management, claims mitigation and administrations, underwriting, loss control and specialty program development and management.
Through its underwriting affiliates, IRM provides specialty insurance programs designed for commercial trucking risks, apartments, condominiums, and dwelling risks for the residential real estate investor. Separately IRM offers captive solutions tailored to commercial construction contractors and various other classes of insurance risks, providing clients with control over their own risk management programs and insurance.
“I am excited to offer captive and alternative risk solutions through the One80 platform with the acquisition of IRM . As we continue to bring together the best talent in the industry, I am confident that IRM’s highly specialized and innovative team will be a fantastic addition to the One80 culture.” – Matthew F. Power, President of One80 Intermediaries.
“For 30 years, Innovative Risk Management has consistently provided a unique approach to alternative risk solutions. As IRM moves into our next 30 years, we will partner with One80 Intermediaries to provide our clients with an expanded platform for growth and opportunities. We look forward to continued success with our employees, clients, industry partners and the One80 team.” – Stuart Stagner, Managing Director at IRM, a division of One80 Intermediaries.
