King Risk Expands Portfolio with Acquisition of Georgia’s Hanc Group Agency

In a significant move within the insurance sector, Gainesville, Florida-based King Risk Partners has announced its acquisition of the Hanc Group, an insurance agency that primarily serves the Korean-American community and other clients in north Georgia. This partnership is expected to enhance the agency’s ability to provide a broader range of personal and commercial insurance services.

Rick Han, the owner of the Alpharetta-based Hanc Group, expressed enthusiasm about the collaboration, stating that it will enable the agency to expand its offerings significantly. The Hanc Group, established in 2018, has been a key player in the region, catering to the unique needs of its clientele.

According to records from the Georgia Corporation Division, the Hanc Group has been operational since its formation in 2018, with its principals holding licenses since 2010. The agency is appointed with various carriers, providing a comprehensive portfolio that includes property-casualty, life, and accident and sickness insurance. Their offerings encompass home, auto, church, professional liability, and several other lines, making them a versatile choice for clients.

This acquisition marks another step in King Risk’s ongoing expansion strategy, which has been characterized by a series of partnerships and acquisitions in recent years. As a result of these efforts, King Risk has climbed the ranks to become the 51^st-largest insurance brokerage in the United States, as recognized by Insurance Journal. The firm now boasts a presence across the Southeastern and Eastern regions of the country, further solidifying its position in the market.

Topics
Mergers & Acquisitions
Georgia

In a significant move within the insurance sector, Gainesville, Florida-based King Risk Partners has announced its acquisition of the Hanc Group, an insurance agency that primarily serves the Korean-American community and other clients in north Georgia. This partnership is expected to enhance the agency’s ability to provide a broader range of personal and commercial insurance services.

Rick Han, the owner of the Alpharetta-based Hanc Group, expressed enthusiasm about the collaboration, stating that it will enable the agency to expand its offerings significantly. The Hanc Group, established in 2018, has been a key player in the region, catering to the unique needs of its clientele.

According to records from the Georgia Corporation Division, the Hanc Group has been operational since its formation in 2018, with its principals holding licenses since 2010. The agency is appointed with various carriers, providing a comprehensive portfolio that includes property-casualty, life, and accident and sickness insurance. Their offerings encompass home, auto, church, professional liability, and several other lines, making them a versatile choice for clients.

This acquisition marks another step in King Risk’s ongoing expansion strategy, which has been characterized by a series of partnerships and acquisitions in recent years. As a result of these efforts, King Risk has climbed the ranks to become the 51^st-largest insurance brokerage in the United States, as recognized by Insurance Journal. The firm now boasts a presence across the Southeastern and Eastern regions of the country, further solidifying its position in the market.

Topics
Mergers & Acquisitions
Georgia