Keystone Insurers purchases equity stake in East Coast Risk Management, a provider of risk management services. The transaction provides KIG-franchised locations with an expanded portfolio of services.
Keystone Insurers, a privately held insurance firm, has purchased an equity stake in East Coast Risk Management (ECRM), a provider of risk management services. The transaction provides KIG-franchised locations with an expanded portfolio of services.
ECRM will provide KIG offices and their clients with risk management services including claims management, third party administration, loss control, environmental consulting and human resources.
George Wynne, Senior VP of corporate development at KIG, said: “The investment will significantly enhance our services. It will enable KIG’s more than 250 locations in Pennsylvania, North Carolina, Virginia, Indiana and Ohio to effectively compete with the largest and most sophisticated of international agents and brokers.”
Michael Lukart, President of ECRM, said: “The opportunity to partner with Keystone Insurers Group will help fuel our continued growth and expansion in states currently serviced by KIG.”