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News

All Risks, Ltd. Acquires American Management Advisors, Inc.

Wednesday, February 22, 2017

HUNT VALLEY, MD (February 21, 2017) – All Risks, Ltd., the nation’s largest independent wholesaler, announces the acquisition of American Management Advisors, Inc. (AMA) located in Pennsylvania.  Founded in 1972, AMA is a multi-state Managing General Agent and Managing General Underwriter for Group Accident Insurance products, including K-12 Student Accident, Special Risk, Intercollegiate Sports, Catastrophic Accident as well as College Accident and Sickness.  In addition to underwriting, AMA provides marketing, policy administration and accounting services to their brokers.  Terms of the transaction were not disclosed.

Janet Smith-Hogeland, President of American Management Advisors, Inc., and the entire AMA staff will join ALIVE RISK, a division of All Risks, Ltd.  This division specializes in competitive property and casualty as well as accident and health insurance products for festivals, film productions, media, music, touring, sports, recreation and events of all sizes.  With almost forty years in the industry, Ms. Hogeland has built a book of accident and health business based on disciplined underwriting and strong broker relationships.  She opened the Employee Benefit department at AMA in 1986 and became the sole principal in 2011. 

“Janet and her team are known for their expertise in protecting students and student athletes across the Northeast.  We could not be happier to expand our ALIVE RISK team with comprehensive accident coverage for students, participants and volunteers,” stated Jerid Schmickle, Managing Director of ALIVE RISK.

Retail agents can visit American Management Advisor’s Accident Medical portfolio at www.amastudentplans.com and www.ALIVERISK.COM.

All Risks, Ltd., based in Hunt Valley, Maryland, is the largest national independent wholesale brokerage firm offering comprehensive insurance solutions with a full service platform of brokerage, contract binding, exclusive national programs and specialty personal lines products for retail insurance agents and brokers nationwide.  The 52-year-old firm employs 850 staff members in offices located in Maryland, Arizona, California, Colorado, DC, Florida, Georgia, Illinois, Indiana, Louisiana, Minnesota, Nebraska, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia and Washington.  To learn more, please visit www.allrisks.com.

Please visit our CompleteMarkets storefront: National Specialty Programs of All Risks, Ltd.