King Risk Partners Acquires Hanc Group to Expand Insurance Services

On Thursday, King Risk Partners announced the acquisition of Hanc Group, a Georgia-based insurance firm located in Alpharetta. Specializing in both commercial and personal insurance lines along with employee benefits, Hanc Group holds a notable presence in the Korean-American community within Georgia. Financial details of this strategic acquisition remain confidential, reinforcing King Risk Partners' expansion strategy.

Operating under the name King Insurance Partners and headquartered in Gainesville, Florida, King Risk Partners strengthens its position within the insurance industry. As the 71st largest broker in the U.S., the firm generates approximately $65 million in annual revenue, according to Business Insurance rankings. This acquisition supports the company's commitment to enhancing its regulatory compliance and risk management capabilities.

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