King Risk Acquires Georgia-Based Hanc Group Agency

Gainesville, Florida-based King Risk Partners has acquired the Hanc Group, an insurance agency that serves the Korean-American community and others in north Georgia, King Risk announced this week.

Rick Han, owner of Alpharetta-based Hanc Group, said in a news release that the partnership will allow the agency to expand its personal and commercial insurance offerings.

Georgia Corporation Division records show the Hanc Group was formed in 2018. Georgia agent verification records show the prinicipals have been licensed since 2010. The agency is appointed with multiple carriers, including property-casualty, life, and accident and sickness, and offers home, auto, church, professional liability and other lines.

It’s the latest expansion for King Risk, which has continued to grow through partnerships and acquisitions in recent years. The firm is now the 51^st-largest U.S. insurance brokerage, as ranked by Insurance Journal, and has offices across the Southeast and Eastern half of the country.

Topics
Mergers & Acquisitions
Georgia