Select Insurance Markets, LP

Select Insurance Markets, LP, a provider of specialized insurance solutions, focuses on delivering tailored coverage options that meet the diverse needs of businesses in the North American and European markets. Founded in 2005 and headquartered in Houston, US, Select Insurance Markets, LP delivers customized insurance offerings. In September 2018, the company was acquired by RSC Insurance Brokerage, Inc. , a portfolio company of Kelso & Company.

The acquisition terms were not disclosed. Select Insurance Markets, now part of One80 Intermediaries, specializes in providing a comprehensive range of insurance products designed to meet the diverse needs of its clients. Their core offerings include commercial property, liability, and specialty insurance solutions tailored specifically for businesses across various sectors. These products aim to mitigate risk and protect assets, addressing use cases such as coverage for operational liabilities, property damage, and industry-specific risks.

The company serves a broad clientele, including small to mid-sized enterprises and larger corporations, facilitating their insurance needs primarily within the North American and European markets. By aligning their solutions with the needs of businesses operating in dynamic environments, Select Insurance Markets positions itself as a key player in the insurance industry. The revenue structure of Select Insurance Markets is generated through a variety of transactional models, primarily focusing on B2B relationships. Clients engage in direct partnerships with the firm to obtain tailored insurance solutions, often structured as multi-year contracts or subscription-based services, which provide ongoing coverage and support.

The firm’s flagship products are integrated into these agreements, ensuring clients receive comprehensive protection aligned with their specific operational risks. While specific pricing plans for individual products are not disclosed, the revenue model reflects an understanding of the unique needs of each client, fostering long-term relationships through personalized service and high-quality insurance offerings. Moving forward, Select Insurance Markets plans to enhance its product offerings and expand into new markets. The company is actively designing new insurance products targeted for launch within the upcoming year.

Additionally, they are looking to penetrate further into the European market by the end of 2023. The funding obtained through the acquisition in September 2018 is expected to support these initiatives, allowing the firm to enhance its capabilities and adapt to the evolving landscape of the insurance industry.