Novatae Risk Group, the wholesale unit of World Insurance Associates LLC, said Monday it has acquired St. Louis-based specialty intermediary Denali Specialty Group LLC.
Terms were not disclosed.
Denali, founded in 2019, specializes in insurance coverage for investment properties, the cannabis industry, excess workers compensation and student housing, a Novatae statement said.Â
The brokerage is headed by Michal Eichhorn, who was previously president of Keating Underwriting and before that president of Breckenridge Insurance Services LLC. It has 11 employees.
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