Element Risk Management Acquires Barnett Insurance in Pittsburgh
Element Risk Management, an independent agency based in West Chester, Pennsylvania, with an additional office in Bel Air, Maryland, announced that it has acquired Barnett Insurance Inc., an independent agency in Pittsburgh. Terms of the transaction were not disclosed.
Founded in 1957, Barnett Insurance offers coverages in commercial and personal insurance. Its commercial lines include trucking, contractors, restaurant packages, commercial property and package programs.
Barnett Insurance will continue to operate at its Pittsburgh location under the name Element Risk Management. Barnett Insurance’s two staff members will join Element Risk Management as part of the transaction.
Established in 2011, Element Risk Management focuses on homeowners, auto and personal umbrellas in personal lines, and real estate & construction, sports & recreation, manufacturing and long haul trucking in commercial lines. Element Risk Management has 12 employees.
- Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics
- Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
- UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges
- Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines