ALKEME Insurance Expands with Acquisition of Virtue Risk Partners

ALKEME Insurance, a prominent brokerage, has completed the acquisition of Virtue Risk Partners, a managing general agent (MGA) based in Pearl River, New York. This strategic move marks ALKEME's entry into the MGA program underwriting sector, integrating over a decade of specialized expertise in casualty, professional, and environmental insurance into its existing operations.

Virtue Risk Partners distinguishes itself from traditional retail insurance agencies by offering customized insurance products and comprehensive risk management services nationwide. The firm specializes in areas such as general casualty, professional liability, environmental risks, excess lines, and workers' compensation. The combined 65 years of experience from the Virtue team notably bolsters ALKEME's specialty program business.

Curtis Barton, CEO of ALKEME Insurance, underscored the strategic enhancement of the company’s specialty underwriting capabilities through this acquisition, emphasizing the alignment with Virtue's client-centric approach and commitment to excellence. Joseph Valenza, the National Director of Programs for Virtue Risk Insurance Services, expressed enthusiasm for the partnership, highlighting the benefits of leveraging ALKEME’s resources for further growth and innovation in program underwriting.

This acquisition is consistent with ALKEME's strategy to incorporate high-performing agencies that share its cultural values, thereby broadening its presence in key U.S. markets. Since its inception in 2020, ALKEME has rapidly grown through over 80 acquisitions, now operating more than 90 locations in 30 states. The company stands among the Top 25 largest insurance agencies in the U.S., noted for its significant expansion in the brokerage sector. For more information, visit their website.