Press Release Archive
2023Venbrook and InterContinental Insurance Brokers Announces Promotions and Expansion of Private Client Services Division
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Venbrook Bolsters Services Division With Two New Verticals, Names Thomas E. Sleeper Practice Leader To Meet Rising Demand Across U.S.
Brooks Insurance Agency, 15+ Year Exhibitor, Sponsor, And 20+ Year PIA Member, At Premier Industry Leading Insurance Event, Professional Insurance Agents 2023 Annual Conference
Student Insurance Attends 2023 Association Of Chief Business Officials Spring Conference, Celebrates 20th Year As A Gold Sponsor Of Annual Event
Venbrook Names Juan Aguilar New Chief Financial Officer
Student Insurance Unveils New Brand Identity And Website To Celebrate 70 Year History Of Offering Student And Academic Healthcare Plans
Carl Warren & Company Attends RIMS RISKWORLD 2023 Alongside The Best Providers In Risk Management
Venbrook Strengthens Management Team, Promotes Brenda Sherman To Executive Vice President Of Business Development And Strategic Alliances
Venbrook Appoints Bryan Meyer Executive Vice President And Head of U.S. Programs Division
2022Suzie Spencer Promoted to Vice President of Business Development
Venbrook Names Louis Pippin Chief Claims Officer To Expand Third Party Administration Capabilities Across The Country And Internationally
Venbrook Names Jeff Lang Executive Vice President, Retail Services Practice Leader
Venbrook Names Jack Reddy Chief Human Resources Officer
Louis Pippin, Chief Claims Officer, featured in a The Defense Never Rests podcast interview with Morgan & Akins, PLLC
2021Venbrook Bolsters East Coast Presence with Acquisition of InterContinental Insurance Brokers
Venbrook Group Acquires Alpharetta Underwriters
Venbrook Partners with Jason Allen of Worldwide Risk Management to Grow U.S. Government Contractor Insurance Practice
Venbrook Acquires RD Parisi and David Morse and Associates to Bolster Employee Benefits and Claims Services
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Venbrook Partners with Everspan on a Non-Emergency Medical Transportation Program
2019East Coast Meets West Coast as Brooks Insurance Agency Announces Expansion
2018Venbrook Insurance Services Announces Promotion of Tim Johnston to Managing Director of Construction Division
2017Brooks Insurance Agency Partners with The Hartford on Third-Party Logistics Warehouse Practice
Westlake Risk & Insurance Services Partners with Benefits America
2016Venbrook Group, LLC Secures $42M from Madison Capital Funding
Eric Doll Joins Venbrook Insurance Services as Senior Vice President
Clean Cash Flow™: How you can take advantage of financial and tax incentives to generate new revenue from your commercial real estate.
Venbrook targets wholesale expansion after fundraise.
Venbrook Group, LLC Secures $42M from Madison Capital Funding
New financing to fuel acquisition strategy; Company also announces the purchase of Brooks Insurance Group
LOS ANGELES, California, Oct. 20, 2016. /PRNewswire/ -- Venbrook Group, LLC, one of the largest independent property /casualty brokerages in the U.S., today announced the completion of a $42 million debt capital raise from Madison Capital Funding, a subsidiary of New York Life. A portion of the proceeds from the funding were used to acquire Manalapan, New Jersey-based wholesaler Brooks Insurance Group.
"The simultaneous completion of this debt capital raise and our acquisition of Brooks Insurance Group represent exciting next steps in our company's evolution," said Venbrook President and Chief Executive Officer, Jason Turner. "Madison Capital Funding provided us with the financial capital we need to strategically grow our business. Through the acquisition of Brooks Insurance Group, we have partnered with a top-tier team of seasoned insurance professionals with deep and longstanding relationships in its core northeastern market. We couldn't be more thrilled with both of these transactions."
Brooks Insurance Group was founded in 1991 by Claudia and David Rosen, both of whom will remain with Brooks and serve as senior members of the Venbrook management team.
"When we were reviewing offers, we made the decision not just on the numbers, but because Jason shares our entrepreneurial culture and vision," said David Rosen. "I knew with Venbrook our employees could realize their full potential."
Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. Venbrook caters to a national client base across myriad industries with divergent needs. Venbrook's team of experts and industry specialists' partner with their clients to manage their risks, create security, promote growth and add value by delivering best-in-class insurance products and programs.
Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Venbrook is headquartered in Los Angeles with various locations across the country. For more information, please visit www.venbrook.com.
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