ALKEME acquires MGA Virtue Risk Partners, adding program underwriting
What's the deal? ALKEMEDealroom has a profile for this one. Try Dealroom → Insurance, a Top 25 US brokerage, has acquired Virtue Risk Partners, a Pearl River, New York-based managing general agent (MGA). Terms were not disclosed.
What does Virtue do? The MGA delivers specialty insurance products, risk management, and claims support to contractors, consultants, and engineers in all 50 states. It covers general casualty, professional, environmental, excess lines, and workers compensation, with more than 65 years of combined team experience.
Why now? The deal marks ALKEME's expansion into MGA program underwriting, a shift from its usual retail agency acquisitions. It adds over a decade of specialty expertise in casualty and environmental lines to ALKEME's program business.
What they said: "Virtue Risk Partners represents a different kind of partnership for ALKEME—one that deepens our capabilities in specialty program underwriting," said Curtis Barton, chief executive officer of ALKEME Insurance. Joseph Valenza, national director of programs for Virtue Risk Insurance Services, said joining ALKEME offers "the scale and resources to accelerate that success."
The signal: Founded in 2020, ALKEME has completed over 80 acquisitions and now serves customers from 90-plus locations across 30 states. The Virtue deal shows the fast-growing broker moving beyond distribution into product creation, chasing higher-margin specialty underwriting.
Read more: PR Newswire
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