King Risk Partners Acquires Risk Avoidance Managers and Coastal Insurors

King Risk Partners acquired Risk Avoidance Managers and Coastal Insurors, two Florida agencies specializing in professional liability and cyber insurance, the brokerage announced on October 20, 2026. PR Newswire carried the announcement. King Risk Partners is the 36th largest insurance brokerage in the United States.

King Risk Partners Adds Two Florida Agencies

Risk Avoidance Managers was founded in 2000 and is based in St. Petersburg, Florida. Coastal Insurors was founded in 1994 and is based in Lakeland, Florida. Both agencies provide specialized insurance solutions for individual professionals and professional services firms, focusing on professional liability and cyber liability insurance for law firms, accounting firms and financial planners throughout Florida.

King Risk Partners is headquartered in Gainesville, Florida, and offers personal, commercial and employee benefits insurance products and services. The brokerage said the partnerships advance its strategy of combining established agency relationships with expanded resources and specialized capabilities.

"Building specialized expertise is an essential part of our long-term growth strategy," said Scott Popilek, Chief Executive Officer of King Risk Partners. "Risk Avoidance Managers and Coastal Insurors bring valuable knowledge of the risks facing professional services firms and a personal approach to advising their clients."

Michael Halfast, Producer for Risk Avoidance Managers and Coastal Insurors, said joining King Risk Partners gives the team broader capabilities, expanded market access and additional resources while preserving the guidance and relationships clients expect. The agencies emphasize personalized guidance, tailored coverage and lasting client relationships.

Other Brokerage Deals in October 2026

SIAA acquired Canopy Specialty Insurance, a specialty commercial property and casualty MGA, with terms undisclosed, Insurance Business America reported on October 6, 2026. The deal gives SIAA its first product development and underwriting capability for its 5,200-member network.

Heffernan Insurance Brokers acquired Walterry Insurance Brokers, an independent agency based in Clinton, Maryland, PR Newswire reported on October 6, 2026. Walterry, established in 1968, specializes in media liability, professional liability and business insurance, and its team joined effective May 1, 2026.

Gallagher Bassett acquired London-based Winter & Co Solicitors LLP, a specialist maritime law firm, with terms not disclosed, PR Newswire reported on October 6, 2026. The acquisition adds legal expertise to Gallagher Bassett's marine claims and risk management platform.