One80 Intermediaries can now offer an online platform for difficult-to-place risks thanks to the agreement.
A division of One80 Intermediaries, Commercial Insurance Group managing director Martin Burlingame stated: “As the insurance market continues to consolidate, we felt it was important to join a larger, rapidly growing organization to further support our agents, providing access to a more expansive product suite.”
Colorado-based Commercial Insurance Group and its affiliates Strategic Insurance Agency and Bigfoot Insurance were acquired by One80 Intermediaries for an undisclosed sum. Commercial Insurance Group was founded in 2007 and is a wholesale insurance broker and managing general agent (MGA) that specializes in California homeowners insurance as well as high-risk property, casualty, and package business.
“One80’s expansion plan, desire to grow and innovative culture was particularly appealing, and we are very much looking forward to this partnership.”
The company’s speciality programs, aside from California homeowners, include short-term rental products, renters insurance, storage contents, general liability, commercial property, inland marine, and commercial package coverages.
Bigfoot Insurance is the company’s proprietary online platform, which is said to have expanded coverage for short-term and temporary employees along with independent contractors for one or a range of employers. The platform also allows agents to quote, bind, and issue policies for stationary homes, container homes, and other products.
Commercial Insurance Group distributes its products and services to over 10,000 agents and brokers.
One80 Intermediaries president Matthew Power said: “Since our inception, One80 has specialized in hard to place homeowners and commercial property risks throughout the United States.
“Acquiring Commercial Insurance Group will extend our capabilities to include an innovative, market-leading online platform, Bigfoot, allowing appointed brokers to quote, bind and issue policies for hard to place risks with ease.
“I was extremely impressed with this advanced technology, as it enables Bigfoot to rapidly implement new programs and products meeting the evolving needs of its clients.”
A wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator, One80 Intermediaries operates throughout the United States and Canada.
In December 2020, the company acquired managing general underwriter Brokers’ Risk and Safeware, an Ohio-based insurance agency and TPA for extended warranty and service plan solutions, both based in Chicago.