Monarch E&S Insurance Services has announced its acquisition of Market Finders Inc., a managing general agent and wholesale broker based in Albuquerque, New Mexico. This deal, which took place recently, marks a significant move for Monarch E&S, a division of Specialty Program Group LLC.
Market Finders Inc. has been in business since 1971 and has built a strong reputation in the insurance industry. The company specializes in both personal and commercial insurance lines, with a particular focus on transportation risks. Steve Shaffer, who serves as the President of Market Finders, will continue to lead the company following the acquisition.
This acquisition is expected to enhance Monarch E&S’s offerings and expand its reach in the insurance market. By integrating Market Finders’ expertise and resources, Monarch E&S aims to provide a broader range of services to its clients.
The merger reflects ongoing trends in the insurance sector, where companies are increasingly looking to combine resources and expertise to better serve their customers. As the industry evolves, such strategic partnerships are becoming more common, allowing firms to adapt to changing market demands.
This acquisition is a notable development in the insurance landscape, and it will be interesting to see how it impacts both companies moving forward.