Atlass Insurance Group, Inc.

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Atlass Insurance Group, Inc. - overview

Established

1981

Location

Fort Lauderdale, FL, US

Primary Industry

Insurance

About

Atlass Insurance Group is a specialized provider of comprehensive insurance solutions for both commercial and private clients, focusing on marine and aviation sectors to effectively manage risk and protect valuable assets. Founded in 1981 and headquartered in Fort Lauderdale, US, Atlass Insurance Group, Inc. focuses on delivering tailored insurance products. In May 2016, the company was acquired by RSC Insurance Brokerage, Inc.


, which is backed by Kelso & Company. Frank Atlass leads the company as CEO, drawing from his extensive industry experience. Atlass Insurance Group specializes in a variety of insurance products, including yacht and boat insurance, commercial marine insurance, luxury property insurance, and aviation insurance. Their offerings are designed to meet the specific needs of clients such as individual yacht owners, commercial vessel operators, and businesses across diverse sectors.


The company operates in Florida and serves clients throughout the United States and in international markets including Europe, Africa, the Caribbean, as well as South and Central America. The company generates revenue through a transaction model encompassing both direct-to-consumer and business-to-business relationships. Clients enter insurance contracts requiring upfront premiums, which vary according to the services selected. The revenue approach is supported by partnerships with agents and brokers through the Special Risks Division, allowing for wider distribution of their insurance products.


Atlass Insurance Group plans to leverage recent developments in their product offerings and expand geographically. The funds from their acquisition in May 2016 will aid in enhancing their service capabilities and exploring new markets. Specific targets for expansion into international regions are being assessed, with a focus on increasing their footprint in Europe and South America by the end of 2025, while continuing to innovate in the insurance solutions they provide.


Current Investors

Risk Strategies

Primary Industry

Insurance

Sub Industries

Personal Insurance, Insurance Intermediaries, Commercial Insurance, Reinsurance

Website

www.atlassinsurance.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Atlass Insurance Group, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAtlass Insurance Group, Inc.-

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