Cape's largest insurance company RogersGray acquired by BRP Group
Aug. 6—DENNIS —
RogersGray, which was founded on
The Cape-based company has 220 employees in 11 offices in coastal
RogersGray Co-President and Chief Executive Officer,
Terms of the agreement were not made public.
RogersGray 'will all remain intact'
"The staff, the brand, the offices will all remain intact," Senior Vice President
The partnership with RogersGray, which was finalized
FAIR plans for high risk areas
In 2018, RogersGray began offering coverage through the
About 65,000 homes are insured through the FAIR Plan, according to Agency Checklist.
Insurance carriers started pulling out of the homeowner insurance market for coastal communities more than a decade ago because of the inherent risks associated with protecting homes in coastal areas.
RogersGray stepped in with a niche product in its home territory. Monomoy rates were kept competitive with coverages and deductibles similar to the FAIR plan, Mason-Small said.
Beyond the coastal homeowner products, the company is looking forward to providing additional tools, resources and capabilities to its clients by joining BRP,
"Consolidation in the industry is happening rapidly, and the technology is changing rapidly," Mason-Small said. "It made sense to partner with a larger organization so we would be able to accelerate technology changes and give clients more access to products."
RogersGray was named a top 100
RogersGray's track record
The addition of RogersGray will add
The BRP announcement highlighted RogersGray's track record of double-digit growth, and its middle-market expertise in real estate, property management and construction and utilities.
In 2021 RogersGray was named to the "Best Places to Work," as well as "Best Place to Work: Midsize Companies," by the
"Our clients and colleagues will ultimately benefit from our combined scale and capabilities,"
The partnership will help RogersGray clients by leveraging the work of adjusters, underwriters, actuaries, loss prevention and data analytics capabilities across 450 insurance carriers.
The average homeowner won't see a huge difference with the partnership according to Mason-Small.
"Nothing is changing from a service perspective," she said. "It's really about the people. We have some really knowledgeable friendly, service people who work out of our
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