Captive insurance management and risk consulting group Align Risk Solutions has acquired Montera Captive Insurance Management, an Arizona-based captive insurance manager.
Specialising in captive insurance, Align Risk Solutions offers alternative risk financing and reinsurance solutions, as well as management and consulting services.
This marks the second acquisition in six months for Align Risk Solutions, who are seeking to expand into the southwest region, with offices already in Tennessee, California and North Carolina.
Commenting on the acquisition, Andrew Rhea, president of Align, says: “After only a few discussions, it was clear our visions of captive management and standards of service were both identical.
“While Montera effectively became a part of Align, we really view this as a partnership that will allow our synergies to provide better service for all of our clients, while expanding our combined geographies and capacity.”
Richard Avery, president of Montera, adds: “I am excited for Montera’s clients. This incorporation into Align’s operations provides them with greater depth of management talent and access to technology resources.”
