DOXA buys two professional liability brokers

DOXA Insurance Holdings,a consolidator of US MGAs, program administrators and wholesale brokers, has acquired AMS Professional Liability and Allsouth Professional Liability, which are both run by president Boyd Wolf and executive vice president David Gough.

Both of the acquired firms are professional liability wholesale brokers and program administrators,with AMS serving Florida and Allsouth the entire Southeast US.

DOXA said the brokers will continue under the leadership of Boyd and Gough.

Fort Wayne, Indiana-based DOXA is a Midwest-based private equity fund that acquires small- to medium-size firms. It targets MGAs with less than $75mn in annual premium, as well as program administrators and wholesale brokers.

Matt Sackett, president of DOXA, was senior vice president at K&K Insurance Group before setting up DOXA in 2016.

In April DOXA acquired specialty insurance agencies Lawrence E Smith & Associates of St Louis, Missouri, and Scholastic Insurance of Orlando, Florida.

In February it acquired Ultra Risk Advisors, a wholesale broker with a focus on non-standard physicians, correctional healthcare, human services, aging services and miscellaneous medical facilities.