Unison Risk Advisors Tuesday said it has acquired Avondale Insurance Associates Inc., effective Oct. 17, 2024.
Terms of the transaction were not disclosed.
Avondale Insurance Associates, established in 2006, is an excess and surplus lines underwriting management company supporting wholesale distribution for the property and general liability insurance sectors, which will remain the sole focus of Avondale’s business, Unison said in a statement.
Avondale has 30 employees, all of whom are joining Unison Risk Advisors, according to an email from a spokesperson.
Avondale has offices in Boston, Chicago, Tampa and New Hampshire serving both domestic and international clients and markets.
Avondale is Unison’s 19th deal since its establishment in 2020 and is the first company to join the broker’s nonretail division, the statement said.
Unison is the 41st-leading broker of U.S. business, according to the most recent Business Insurance rankings.
