Venbrook Group, LLC is a prominent independent insurance distribution and services firm in the United States, offering a comprehensive suite of risk management solutions. Established in 1995, Venbrook has expanded its operations to encompass retail brokerage, wholesale brokerage, specialty programs, and claims services. The company's headquarters are located in Woodland Hills, California, with additional offices across the nation.
Company Overview
Venbrook's mission is to be the most creative, entrepreneurial, and trusted full-service insurance firm, providing consistent value to clients, employees, stakeholders, and the communities it serves. The company's core values include communication, integrity, leadership, innovation, agility, judgment, and a focus on people.
Services Offered
Venbrook provides a diverse range of services tailored to meet the unique needs of its clients:
- Commercial Insurance: Customized solutions for various industries, including casualty and general liability, commercial property, and commercial auto insurance.
- Employee Benefits: Programs designed to attract and retain talent, offering group medical, dental, vision, and flexible spending accounts (FSA).
- Claims Services: Integrated claims management solutions, including third-party administration (TPA) and independent adjusting for both commercial and personal lines.
- Wholesale: Full-service wholesale operations providing multi-line insurance distributed by Brooks Insurance Agency, with access to over 50 lines of coverage on both an excess and surplus (E&S) and admitted basis.
- Specialty Programs: Proprietary solutions for high-risk industries such as construction, property and habitation, and fitness.
Recent Developments
Venbrook has demonstrated significant growth through strategic acquisitions and leadership appointments:
- Acquisitions:
- InterContinental Insurance Brokers (IIB): In December 2021, Venbrook acquired IIB, a Boston-based firm specializing in property and casualty insurance and risk management, enhancing Venbrook's expertise in commercial real estate and private client risk management.
- Alpharetta Underwriters: In November 2021, Venbrook acquired Alpharetta Underwriters, a Georgia-based Managing General Agent (MGA) specializing in excess and surplus solutions for the construction industry, bolstering Venbrook's portfolio of specialty programs.
- Leadership Appointments:
- Brooke Norton Lais: Appointed as Chief Marketing Officer in February 2024, bringing over 20 years of experience in marketing across various industries, including insurtech and fintech.
- David Hicks: Appointed as Senior Vice President, Transportation Practice Lead in March 2025, to enhance Venbrook's capabilities in the transportation sector.
Financial Performance
As of January 2025, Venbrook's annual revenue is estimated to be between $100 million and $1 billion, indicating substantial financial stability and growth potential. In October 2016, the company secured $42 million in funding from Madison Capital Funding, a subsidiary of New York Life, to support strategic growth initiatives.
Competitive Landscape
Venbrook operates in a competitive market alongside major players such as USI Insurance Services, HUB International, and Alliant Insurance Services. The company's diversified service offerings, strategic acquisitions, and commitment to innovation position it as a strong contender in the insurance industry.
