Atlanta-based Prime Risk Partners Acquires Gunn, Steers & Co.; Expanding its Presence in NYC
Staff Report From Metro Atlanta CEO
Friday, October 27th, 2017
Prime Risk Partners, Inc. announced its acquisition of Gunn, Steers & Company, a Manhattan-based insurance broker with a specialized practice for financial institutions and asset management companies. Gunn Steers will maintain its name and continue operating at its current location in the heart of Manhattan.
As part of PRP, Gunn Steers will continue to offer clients seamless day-to-day service, backed by the national resources of PRP and the metro presence of Cook Maran & Associates, PRP's New York metropolitan area platform and one of New York/New Jersey's largest agencies. In turn, Gunn Steers' specialized and well branded expertise in financial services will be available to all clients of PRP countrywide.
Gunn Steers started in 1925 and grew to become a large domestic and international full service brokerage and financial services firm. Over the last 30 years, the firm has focused its efforts on brokering and servicing financial institution related clients. This expertise allows Gunn Steers to provide trusted guidance to clients on identifying exposures to loss, avoiding risk, transferring risk and purchasing broad, cost effective insurance programs.
"Gunn Steers has established a trusted reputation and nationally recognized expertise for FI and asset management clients," said Bret Quigley, Chairman and CEO of Prime Risk Partners. "This specialty will add capabilities to our national platform and strengthen our presence in the New York metropolitan area, already growing via strategic acquisitions and superior service through Cook Maran."
"We are thrilled to be joining one of the fastest growing national insurance platforms in the country," said William "Bill" Steers, Managing Member & CEO. "In teaming up with Prime Risk, we will be able to provide new proficiencies and resources to better support our current and future clients while maintaining the high- quality service for which we are known."
PRP is among the industry's fastest-growing firms, building a national platform founded with leading regional agencies like Cook Maran and Gunn Steers that seek expansion through local management and knowledge with the resources of a dynamic national organization. PRP is #44 in the most recent Business Insurance 'Top 100 Business Brokers' ranking.