North Risk Partners expands Northwest with Thune merger
St. Paul, Minn. (Nov. 18, 2014) – North Risk Partners has merged with Thune Insurance Network, a brokerage based in Northwest Minnesota with offices in Thief River Falls, Roseau, and Baudette. The deal was finalized Friday, Oct. 31. North Risk Partners continues to be one of the largest privately held, independent insurance brokerages in the state.
“Thune represents exactly the kind of group we were looking to add to our network,” says Pat McCann, chief executive officer of North Risk Partners. “As one of the best run agencies in Northwest Minnesota, Mark Thune and his team have developed strong roots in their communities, making them successful in a region where there is great economic opportunity.”
“Joining North Risk Partners gives us access to a larger network of carriers and the capital to support future advancements, both of which will benefit our clients. We’re very excited about the partnership,” says Mark Thune, founder and president of Thune Insurance Network.
The merger resulted in North Risk Partners’ growth to more than 150 employees and approximately $400 million in annual written premiums. The expanded company now has locations from Baudette, Minn. to Rochester, Minn.
About Thune Insurance Network
Headquartered in Thief River Falls, Thune Insurance Network is a 40-year-old, independent agency comprised of 25 insurance professionals. The agency offers an array of personal and business risk management products, including commercial, home, auto, farm, health, life, disability, dental, vision, long term care, and more.
About North Risk Partners
North Risk Partners is a privately held, 150-employee insurance brokerage based in St. Paul, Minn. The brokerage is comprised of four independently operated agencies: St. Cloud-based Apollo, Rochester-based C.O. Brown, St. Paul-based Johnson McCann and Thief River Falls-based Thune. North Risk Partners also has multiple satellite locations across the state, including offices in Albany, Alexandria, Austin, Baudette, Hastings, Lake City, Mankato, Melrose, Monticello, Red Wing and Roseau. The company provides risk management solutions in the areas of business insurance, employee benefits, and personal insurance, with additional support in the areas of human resources, loss control and wellness.