Evertree Insurance coverage Providers has strengthened its embedded partnership capabilities with the acquisition of US-based Prosper Insurance coverage.

The acquisition varieties a part of insurance coverage dealer Evertree’s efforts to strengthen its presence within the mid-Atlantic area.

Monetary phrases of the deal have been undisclosed.

Evertree, which was based in September 2022, mentioned the transaction marks a big milestone in its strategic progress plan.

Evertree founder and CEO Alex Tuff mentioned: “Drew Monroe and his 99-person workforce have devoted the final decade to growing cutting-edge expertise and options for his or her companions and producers.

“Collectively, we’re well-positioned to seamlessly combine and make investments on high of confirmed expertise into each aspect of our operation and lengthen embedded options to partnerships on a nationwide scale. Importantly, we’re excited to onboard the distinctive workforce they’ve assembled and are assured that as a mixed pressure we are going to additional our effort to develop into the preeminent private traces brokerage agency of the longer term.”

Evertree operations and expertise head and Prosper Insurance coverage founder Drew Monroe mentioned the mix of Prosper Insurance coverage and Evertree would redefine trade requirements.

The deal additionally permits Evertree to supply modern insurance coverage options and a extra distinctive shopper service expertise. 

Monroe added: “We look ahead to merging our corporations’ strengths and information to make insurance coverage less complicated, extra accessible and tailor-made to the person wants of our shoppers and are assured that our shared mission and core values will end in a very distinctive platform inside the trade.”

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