Relation Insurance Services (“Relation”) acquired the assets of Elite Insurance Agency, Inc. (“Elite Insurance”). The transaction went into effect on April 1, 2024; terms of the transaction were not disclosed.

“Joining Relation enables us to better serve our clients,” said Yechiel Bromberg, Owner of Elite Insurance. “Relation’s specialized expertise and broad network of carrier relationships truly offer our clients access to the best options for coverage that fits their needs.”

Offering a full range of insurance products including employee benefits, commercial insurance, and high-net-worth personal insurance, Elite Insurance is based in Brooklyn, New York. Yechiel Bromberg will continue managing that office as a valuable part of the Relation family.

“Elite Insurance has built an outstanding reputation in their community and Relation is proud to welcome them aboard,” said Tim Hall, Chief Executive Officer for Relation. “Their team brings tremendous long-term relationships as well as deep experience in providing comprehensive insurance solutions to their clients. We are excited to welcome them to our team.”

About Relation’s Mergers & Acquisitions

Relation Insurance Services is actively seeking partnerships to expand its offerings, industry expertise, and geographic footprint. Relation offers a seat at the table to insurance entrepreneurs with equity ownership opportunities and a people-first approach that optimizes outcomes for employees and clients. For more information on joining the Relation family of brands, visit relationinsurance/partner-with-us.

About Relation Insurance Services

Relation Insurance Services is an insurance brokerage firm that offers superior risk management and benefits consulting services across the United States. It is ranked by Insurance Journal within the top 25 largest agencies in the country by revenue and has approximately 1,350 employees across more than 137 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visit: www.relationinsurance.com for more information.

M&A CONTACTS

Nicolas Luque, Senior Director M&A
P: 312-690-4146
E: [email protected]

Scott Borcher, Director M&A
P: 312-870-9263
E: [email protected]