King Risk expands into Rhode Island with The Insurance Center acquisition

By Mia MacGregor

March 5 - (The Insurer) - Private equity-backed broker King Risk Partners has acquired The Insurance Center, an independent agency based in Warwick, Rhode Island, that serves individuals and businesses across the state.

Founded in 1973, The Insurance Center provides a range of insurance products, including personal, business and life insurance.

King Risk stated that the acquisition reinforces its commitment to expanding services in local communities throughout the broader Eastern and Southeastern United States.

"Their exceptional reputation, industry expertise, and strong client relationships perfectly align with our vision of growth through partnerships with well-established agencies,” said Malcolm King, CEO of King Risk Partners.

Dave Stenhouse, principal of The Insurance Center, added, "Delivering top-tier customer service has always been our priority, and this partnership enables us to expand our personal and business insurance offerings while upholding the high standards our clients expect and trust."

Last month, BHMS-backed King Risk announced that it had acquired the Kerr Agency, a Simsbury, Connecticut-based firm, further expanding its presence across the Northeast.