Murray Insurance Associates, Inc.
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Murray Insurance Associates, Inc. - overview
Established
1930
Location
Lancaster, PA, US
Primary Industry
Insurance
About
Murray Insurance Associates, Inc. is a US-based insurance brokerage firm that provides a wide range of tailored insurance solutions for businesses and individuals, focusing on risk management and employee benefits. Founded in 1930, Murray Insurance Associates specializes in insurance services. The firm operates from Lancaster, US, and has evolved under the leadership of CEO Richard M.
Rankin. In January 2021, the company was acquired by AssuredPartners Inc. , enhancing its presence in Pennsylvania. Murray Insurance Associates offers diverse insurance products and services, including employee benefits, property and casualty insurance, risk management solutions, and specialized programs for sectors like healthcare and construction.
They focus on custom solutions such as captive insurance programs, serving clients across the Mid-Atlantic region and beyond. Murray Insurance Associates generates revenue through B2B and direct-to-consumer insurance engagements, utilizing subscription models and one-time payments. Their primary offerings include employee benefits and risk management services, with revenue streams supported by industry partnerships. The acquisition by AssuredPartners Inc.
in January 2021 aims to strengthen operations in Pennsylvania. Under CEO Richard Rankin, the firm plans to enhance its product offerings and expand its market reach, focusing on new geographical areas to improve service delivery and client engagement in the coming years.
Current Investors
AssuredPartners, Inc.
Primary Industry
Insurance
Sub Industries
Consulting Services, Claims Administration & Processing, Commercial Insurance, Health Insurance, Insurance Intermediaries, Personal Insurance, Reinsurance
Website
www.murrayins.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Murray Insurance Associates, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Murray Insurance Associates, Inc. | - |
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