LONGWOOD, Fla. (May 31, 2017) – Insurance Office of America (IOA) CEO Heath Ritenour and Slaton Risk Services EVP and Practice Leader Rick Neyman announced the purchase of Slaton Risk Services’ Employee Benefits Practice, Major Accounts Group, and its captive and alternative risk financing units. These assets, including all staff, will establish a new IOA branch office in West Palm Beach, FL.
Neyman is managing partner of the location and is joined by Alexis Deluca, managing director of employee benefits, and Holly Laurie, commercial lines manager. Also joining the team are risk managers Brian Lewis, Raul Mercader, and Michael Schwartz.
This new office adds approximately $3M in annual revenue to IOA and will offer world-class risk management, employee benefits consulting, and commercial insurance placement for midmarket and upper midmarket businesses.
“My team and I couldn’t be happier to join IOA. It’s a perfect fit. We are naturally aligned in our professional approaches and ethical standards and share an absolute client-first perspective,” said Neyman. “This new partnership will allow us to continue to bring the same unparalleled services and value to our clients, and at the same time, it also will bring new resources and the market clout of the largest independent insurance concern in Florida and the 10th largest in the U.S. [Insurance Journal’s Top 50 Commercial Lines Agencies].”
“We are beyond excited to have Rick and his incredible team join IOA,” said Ritenour. “We see this new office as a strategic expansion into South Florida and have every confidence that we are going to witness exponential growth there in the years ahead.”
Insurance Office of America (IOA) is a full-service insurance agency founded in 1988 and is one of the fastest-growing independent agencies in the United States. IOA is ranked 13th on Insurance Journal’s 2016 Top 100 Independent Property/Casualty Agencies report, and it is ranked 25th on Business Insurance’s 100 Largest Brokers of U.S. Business List. Headquartered in Longwood, Florida, part of the greater Orlando community, IOA has over 70 branch offices in the U.S., and an international office in London. With more than 1,000 associates, IOA specializes in providing insurance solutions for businesses in many diverse industries.