Transactions

Breckenridge IS, Inc. Announces Sale of Insurance Services Division to Accretive Insurance Solutions, Inc.

Breckenridge IS, Inc., a diversified insurance distribution and services firm and wholly owned subsidiary of W.R. Berkley Corporation, today announced the sale of its Insurance Services Division to Accretive Insurance Solutions, Inc. (“Accretive”).

The Insurance Services Division specializes in property and casualty wholesale brokerage, contract binding and program administration and includes Breckenridge Insurance Services, LLC and Breckenridge Insurance Group, Inc. DBA Breckenridge General Agency.

These entities and their well-established brand names and relationships in the property and casualty insurance industry will continue as part of Accretive. Trevor Pierce, president, will continue to lead the full team of Insurance Service Division employees also joining Accretive. This talented, experienced team has driven organic growth and profitability over the last several years in multiple product lines and market segments including casualty, professional liability, property, investor-owned real estate, programs and non-standard auto, among others.

"This is a bittersweet day for all of us. We couldn't be prouder of the Insurance Services team we've built or the success they've enjoyed, and we will miss them,” said David A. Jordan, chief executive officer of Breckenridge IS, Inc. “We are excited for the extraordinary growth opportunities that await them as they fulfill a strategically important role at Accretive, as well as the bright future for our retained brands."