One80 Intermediaries acquires reinsurance MGU Equinox Management
One80 Intermediaries, a US wholesale broker, program manager, and insurance aggregator, has acquired the Equinox Management Group and its affiliates Meridian Management Group and Co-Ordinated Benefit Plans for an undisclosed price.
Equinox Management Group is a reinsurance managing general underwriter (MGU) founded in 1994 by Suzanne Whalen and Kevin Leys. In 1997, the company is said to have grown its offerings to offer producers with MGU services for travel/accident and health and other specialty property and casualty lines of coverage, which operate under the Meridian Management Group brand.
In 2006, Equinox Management Group acquired Co-Ordinated Benefit Plans to offer technology-based administration services with a particular focus on travel/accident & health products. Headquartered in Oradell, New Jersey, Equinox Management Group has offices across Clearwater in Florida and San Diego in California.
Matthew F. Power – President of One80 Intermediaries said: “At One80 Intermediaries we offer highly specialized solutions in targeted areas of the insurance industry. Equinox Management Group provides deep market expertise and broad coverage within the travel/ accident & health sector.
“Sue and Kevin have created an innovative culture within Equinox that is constantly evolving through the introduction of new products and services. I am delighted to welcome them as an integral part of One80 Intermediaries.”
Equinox Management Group’s professionals and its affiliates are said to provide a breadth of expertise across insurance, reinsurance, administration, risk and product management solutions.
Suzanne Whalen – Equinox Management Group Managing Director said: “We work on behalf of carriers, distributors and assistance companies to address challenges, bring ideas to fruition, and products to market. Our unique suite of services, broad knowledge and creativity enable us to provide optimal commercial solutions to our clients.”
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