Afore buys TailoredRisk, appoints its partner Paolini as personal lines head

By Navneeta Nandan

July 14 - (The Insurer) - Insurance brokerage firm Afore Insurance Services has acquired Naples, Florida-based TailoredRisk Insurance Advisors and appointed its partner, John Paolini, as the executive vice president for the national personal lines division, Afore announced on Monday.

After the acquisition is complete, TailoredRisk will operate under Afore's name and all of its employees will be absorbed by Afore. The acquisition will expand Afore's reach in the near-affluent and high-net-worth personal lines segment.

Other details of the deal were not disclosed.

Paolini, who comes with three decades of experience, will fill in the EVP position that was vacated by Andrew Muller after he was promoted to EVP of strategy and partnerships.

Paolini was a partner at TailoredRisk for four years. He previously worked at BridgePoint Risk Management, AIG and Chubb, among others.

Alpharetta, Georgia-based Afore also said it recently promoted Anthony Prete to senior vice president and chief operating officer of its national personal lines division and added John Neace to its board.

Insurance brokerage acquisition platform Afore last month announced what it described as a “significant strategic investment” from Neace Ventures