SOMERSET, NJ and PALM BEACH GARDENS, FL--(Marketwire - September 21, 2010) -  Professional Risk Solutions (PRS), a leading professional liability wholesale insurance broker, today announced it purchased the assets of Gremesco of Florida, LLC. The acquisition expands Professional Risk Solutions' presence within the Southern U.S. marketplace and adds seasoned professional talent.

Gremesco of Florida, LLC is a full service Executive Liability wholesale insurance broker specializing in hard to place specialty insurance lines. Since being founded in 2005, Gremesco has placed specialty insurance policies for some of the most difficult to insure industries, including oil and gas, real estate and food services. This reputation has allowed Gremesco to accumulate an impressive roster of clients and industry relationships. 

"This asset purchase is a component of our strategic growth strategy that includes adding great people that help us gain access to key markets, products and clients," said De'Andre Salter, chief executive officer of PRS. "We look forward to leveraging Gremesco's deep experience and industry contacts to counsel our clients through complex liability situations and securing hard to place coverage."

Gremesco President Chris Goettelmann will join PRS as an Executive Vice President and will serve as the Manager for the firm's new Palm Beach Gardens office. In addition to his management, entrepreneurial and underwriting background, Chris brings decades of experience in the wholesale insurance marketplace, focusing on E&O insurance lines. 

"We are proud to be joining an exceptional team of insurance professionals," noted Goettelmann. "With an impressive array of clients and deep expertise in Executive Liability, we look forward to continuing a tradition of excellence at PRS in helping clients secure hard to place coverage." 

Dana Molina also joins PRS as an Assistant Broker. Ms. Molina's own deep experience in professional liability has allowed her to build a large book of business. Recently, Ms. Molina and Mr. Goettelmann placed a large E&O policy for an offshore well in the Gulf of Mexico, a region that has been extremely difficult to insure. 

About Professional Risk Solutions
Professional Risk Solutions (PRS) is a leading wholesale insurance broker and provider of Directors & Officers, Errors & Omissions and Cyber Security liability coverages. Headquartered in Warren, New Jersey, with branch offices in Florida and Pennsylvania, PRS provides executive liability coverages for public and private companies as well as not-for-profit entities. As a specialist firm, PRS designs, places and services custom programs in support of commercial insurance agents and their clients.

Contact Information:

For more information, please, contact:
Alex Jeffrey
On Behalf of PRS