DALLAS, July 9, 2024
/PRNewswire/ -- Novatae Risk Group ("Novatae") announced today that
it acquired the assets of Denali Specialty Group, LLC ("Denali") of
St. Louis, MO on July 1, 2024. Terms of the transaction were not
disclosed.
Founded in 2019, Denali is a full-service insurance intermediary
that is backed by decades of experience accumulated by its
leadership. Denali has a primary niche in investment properties and
an additional focus on cannabis, excess worker compensation, and
student housing. The organization is led by Michael Eichhorn, Kerri Senger, and
Paul Krutek.
"As a firm, we are highly focused on the relationship side of
the business and by focusing on niche programs and specialty lines
business, we can provide our distribution partners the subject
matter experts they need to succeed in today's competitive
marketplace environment," says Michael
Eichhorn, CPCU, President and CEO of Denali. "We look
forward to continuing this focus as part of Novatae."
"Michael and the Denali team bring deep expertise in program
development. Their exclusive investor property program has allowed
them to become one of the fastest-growing property MGAs in the
country," says Richard Kerr, Chief
Executive Officer of Novatae. "Mike and his team will bring new
facilities and additional underwriting talent to the Novatae
Group."
Giordano, Halleran & Ciesla, P.C. provided legal counsel to
Novatae, and MarshBerry advised Novatae. McCarthy, Leonard &
Kaemmerer, L.C. provided legal counsel to Denali. No other
advisors, diligence firms or legal counsel were disclosed.
About Novatae Risk Group
Novatae Risk Group (Novatae)
is a full-service specialty insurance brokerage, managing general
agency and program manager providing brokers and their clients with
insurance products and services for complex and hard-to-place risks
across property, casualty, workers' compensation, cyber,
professional, management, construction, environmental, garage,
inland marine/ocean marine and more. Novatae is licensed in all 50
states and serves more than 6,000 clients from 27 offices across
the United States. For more
information, please visit www.novatae.com.
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SOURCE Novatae Risk Group