King Risk buys South Carolina-based Cummings Insurance

ReutersJul 15, 2025 3:42 PM

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By Ashish Tiwari

July 15 - (The Insurer) - King Risk Partners has acquired Cummings Insurance Agency, a South Carolina-based brokerage, as the fast-growing U.S. retail broker expands across the southeastern U.S.

Founded in 2014, Cummings Insurance is based in Aiken, South Carolina, and serves a client base of farm, ranch and equine businesses. It offers tailored products such as equine mortality, farm owners and ranch liability cover.

The financial terms of the deal were not disclosed.

Private equity-based King Risk Partners has been actively building scale in the southeast. The retail broker earlier this month announced it had entered the Louisiana market by acquiring Ruston-based independent insurance agency Louisiana Insurance Services.

King Risk secured an investment from New York-based Lightyear Capital in April to support the broker with its continued expansion into new geographies. King Risk was founded in 1979, but it significantly grew after BHMS invested in it in July 2021.

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