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Monday, April 15, 2024

Danger Methods buys Tempo to bolster legal responsibility experience 

US-based specialty insurance coverage brokerage and threat administration firm Danger Methods has taken over Tempo Skilled Companies for an undisclosed sum.  

Specialising in skilled legal responsibility choices, Tempo primarily caters to licensed public accountants (CPAs) and legislation practices.  

The deal marks Danger Methods’ first buy of an organization primarily serving the accounting career. 

Backyard Metropolis, New York-based Tempo was established in 1992 by president and proprietor Kenneth Gross. 

It has constructed a nationwide shopper base, with a robust presence within the north-east.  

In addition to skilled legal responsibility insurance coverage, the corporate gives cyber legal responsibility and employment practices legal responsibility (EPL), together with an unique EPL coverage tailor-made for accounting corporations. 

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Since 1994, Tempo has served because the territorial administrator for the CNA Accountants Skilled Legal responsibility Insurance coverage programme in New York and Connecticut, a programme solely endorsed by the American Institute of Licensed Public Accountants.  

Moreover, since 1992, the Connecticut Society of CPAs has endorsed Tempo. 

Danger Methods New York regional chief Robert Rosenzweig mentioned: “Specialised experience is important to making sure shopper dangers are successfully mitigated. Ken and his crew convey the kind of deep, specialised focus that may add important new business information to our skilled legal responsibility follow.” 

Gross added: “Specialised experience and a devoted workers have constructed our success. Changing into a part of Danger Methods is a novel alternative to scale our specialty focus whereas bringing our purchasers new sources and extra coverages.” 

This acquisition comes on the heels of Danger Methods’ buy of the US and Canadian operations of insurance coverage holding firm HWI BV.  

In keeping with Danger Methods, this transfer bolsters its marine follow, particularly in industrial marine insurance coverage, and enhances its skill to offer subtle options for international cargo transit and stock dangers.  

It additionally augments the corporate’s advantageous artwork follow, providing specialised insurance coverage for collectibles resembling cash and stamps to a variety of purchasers, from industrial sellers to non-public collectors. 

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