Renaissance Alliance, the premier network of independent insurance agencies, has acquired the agency network business of Agency Partners Inc. (API), an agency cluster with members in Alabama and Georgia, to provide Renaissance’s full suite of resources to API members.
The arrangement gives API’s 54 agency members – which collectively represent $160m in premium – the opportunity to leverage the same benefits that help Renaissance’s members improve their agency efficiency, drive revenue, and increase profitability.
The Renaissance network benefits include:
- Expanded Market Access
- Placement Services
- Automated E-mail Marketing Services
- Agency Analytics & Dashboards
- Agency Benchmarking Tools
- Billing & Commission Reconciliation Services
This transaction represents a groundbreaking step forward in providing agency clusters the power to deliver the resources their members need to thrive in a competitive market.
“Renaissance is committed to delivering the resources that independent agencies require to succeed, and through this new endeavor we’re excited to be able to provide our valuable tools and solutions to API’s members,” said Robert Bondi, Renaissance’s Chief Executive Officer.
“By partnering with Renaissance, our members will have expanded access to valued resources that perfectly complement our own,” said API President David Johnson, who added that API’s engagement with Renaissance was born out of desire to provide new, impactful technology solutions to its membership.
Bondi noted that the deal offers a new option for agency clusters seeking more resources for their members – particularly, technology solutions – to do so at a far lower cost than they would on their own.
“By providing our proprietary resources, we remove from clusters the need to make extensive investments in developing their own agency technology platforms,” said Bondi. “Partnering with Renaissance provides flexibility for agency members of cluster groups to select their service offering and gain access to the tools and talent they need most.”
Contact: Michael Cormier, Chief Revenue Officer, Michael.Cormier@Renaissanceins.com