Socius Insurance Services Acquires Kelly Underwriting Services, LLC
January 18, 2023
Socius Insurance Services, a San Francisco-based wholesale insurance broker backed by Abry Partners, has acquired the assets of Kelly Underwriting Services, LLC, a Farmingdale, New York-based managing general underwriter (MGU) focused on professional liability programs. Kelly will operate its dedicated underwriting platform independently while Socius provides additional corporate leadership and operational infrastructure to accelerate growth.
- Buyers
- Socius Insurance Services, Inc.
- Targets
- Kelly Underwriting Services, LLC
- Sellers
- Kelly Underwriting Services, LLC
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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