Jersey City-based Sands Point Risk, a multi-program MGA platform backed by Avesi Partners, has acquired BRM Specialty Markets, a leading medical stop-loss managing general underwriter based in Philadelphia.
As a Sands Point Company, BRM will continue to operate independently under its established brand with its full founding leadership and team remaining in place, while gaining access to Sands Point’s extensive resources and broader service capabilities.
“We are excited to welcome BRM to the Sands Point family and will benefit greatly from their exceptional team, deep domain expertise and the reputation and trust they have earned in the market,” Dennis Kearns, CEO of Sands Point Risk, said. “This is about growing together—supporting BRM’s vision while delivering Sands Point’s exceptional underwriting and service that our customers and partners have come to expect.”
“BRM has been built on the foundation of strong relationships, customer service, and consistent results. Partnering with Sands Point allows BRM to propel our strategic vision to grow and scale, without changing the core of who we are, Roman McDonald, founder and managing partner of BRM, said.
The acquisition combines the strengths of both organizations and marks a significant step forward in both companies’ missions to deliver innovative, high-impact solutions across the insurance industry.
