DOXA aims for success in the competitive rental market with recent purchase

DOXA Insurance Holdings is making headlines with its recent acquisition of Renters Legal Liability (RLL), a managing general agency (MGA) specializing in renters' legal liability products. Founded in 2005, RLL offers fully insured and captive programs to multifamily owners and managers in the US, streamlining the insurance process by designating the property owner as the insured party for the benefit of both tenants and property owners. This marks the 15th acquisition for DOXA, part of their strategic approach to seizing opportunities in burgeoning sectors.

CEO Matt Sackett underlined the significance of this acquisition in breaking into the lucrative rental market amidst the persistent housing shortage in the US. With the backing of an A+ A.M.

Best rated carrier, RLL will now receive enhanced support from DOXA in various areas like back-office operations, actuarial services, and underwriting functions. President Chet Goodwin of RLL expressed confidence in the acquisition, highlighting the expertise and assistance that DOXA brings to the table. Following the acquisition, Goodwin will continue to lead RLL, while COO Brent Daines will maintain his leadership position.

DOXA's targeted acquisition strategy, focusing on niche insurance distribution firms, has been pivotal in their expansion. The acquisition process was facilitated by BMS Re and finalized on April 1st.