Strategic Insurance Underwriters
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Strategic Insurance Underwriters - overview
Established
1983
Location
Sarasota, FL, US
Primary Industry
Insurance
About
Strategic Insurance Underwriters specializes in providing tailored insurance solutions for the transportation industry, addressing various liability risks faced by trucking companies and independent contractors through a comprehensive suite of products. Founded in 1983 in Sarasota, US, Strategic Insurance Underwriters focuses on delivering specialized insurance products. The company was acquired by U. S.
Risk Insurance Group, Inc. in July 2017, with financial terms undisclosed. Innovation Growth Partners Specialty, LLC (IGP Specialty) operates the Strategic Insurance Underwriters (SIU) division, which offers a range of insurance products specifically designed for the transportation sector. These include primary liability programs, physical damage coverage, cargo liability, and non-trucking liability programs, all tailored to meet the diverse risk needs of for-hire trucking firms.
The SIU division serves a broad market across states such as Alabama, Florida, Georgia, Illinois, and Indiana, primarily catering to American trucking companies and independent contractors. Revenue for IGP Specialty is generated through the offering of specialized insurance products structured around business-to-business transactions with trucking firms and independent contractors. Clients engage with the company for coverage of various liabilities, leading to premium payments based on selected programs and coverage amounts. The pricing structures for primary liability and physical damage coverage vary according to client needs, incorporating statutory coverages, optional endorsements, and customized deductibles that meet the specific requirements of the transportation sector.
The future growth strategy for Strategic Insurance Underwriters involves potential development of new insurance products tailored for evolving market needs. Plans include targeting expansion into additional states and regions post-2017 to address the growing demand for specialized insurance solutions. The acquisition by U. S.
Risk Insurance Group, Inc. is expected to facilitate these initiatives by providing additional resources and market reach.
Current Investors
U.S. Risk Insurance Group, LLC
Primary Industry
Insurance
Sub Industries
Commercial Insurance
Website
www.strategic-ins.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Strategic Insurance Underwriters - 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 | Strategic Insurance Underwriters | - |
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