ARS Purchases Metro Insurance Services

Insurance firm Atlantic Risk Specialists Inc.(ARS) announced it has acquired the binding authority assets of Metro Insurance Services Inc. as of Dec. 31, 2008. Atlantic Risk Specialists is a diversified wholesale broker and managing underwriter on behalf of over 50 carriers.

ARS will assume the responsibility and servicing this new business under the supervision of ARS executives Barry Riff and Dan Capone. The expansion by ARS into the managing underwriting business began in 2002, when it hired Riff, who currently leads the ARS team. ARS has annualized premiums of $110,000,000.

Assisting in the transition will be Robert Gega and Marcia Christopher of Metro Insurance Services. Business will be conducted out of the Springfield, New Jersey, office of Metro Insurance Services through the end of January, 2009.

Atlantic Risk Specialists is a full service wholesaler and managing general agent with offices in New Jersey, New York, and Florida. ARS represents over 50 insurance markets from large worldwide carriers to the small regional companies.