IGM Brokerage

What IGM Brokerage does

IGM Brokerage Corp. is a family-owned, independent insurance brokerage founded in the 1960s by Hilda Jonas and her late husband Irwin Jonas in the Bronx, New York. The firm operates from a single headquarters at 2844 Westchester Avenue and serves individuals, apartment building owners, and small businesses across the New York tri-state area (NYC boroughs, Westchester, New Jersey, and Connecticut). It is privately held, with ownership concentrated within the Jonas family and no institutional investors, funding rounds, or subsidiary structures.

The company's product portfolio spans both personal and commercial lines. Core commercial offerings include Building Insurance, Business Owners Policy (BOP), General Liability, Workers' Compensation, Equipment Breakdown, and small-group Health Insurance (delivered through carrier partners Oxford, Aetna, Emblem, Health Pass, and Care Connect). Personal lines include Auto, Home/Renters, and Umbrella coverage, with add-on modules such as Builders Risk, Inland Marine, D&O, E&O, Fidelity Bonds, Lead Paint, and Disability coverage. The firm does not build or license any proprietary technology platform — its role is strictly that of an intermediary connecting clients with carrier underwriting capacity.

Revenue is generated through standard brokerage commissions on placed policies and ancillary consultation and policy-management fees. The GTM motion is sales-led and relationship-driven: direct phone outreach (718-931-4900), in-person consultations at the Bronx office, free quote requests via the website, and an expanding content-marketing presence (blog and Facebook). The team comprises roughly seven named individuals, including the founder, two Senior Vice Presidents, two Account Representatives (each with 20+ year tenures), and two Customer Service Representatives, with bilingual Spanish/English staffing supporting the Bronx community.

Name

IGM Brokerage

Legal name

IGM Brokerage Corp.

Website

https://igmbrokerage.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1–10 employees

Short description

IGM Brokerage Corp. is a family-owned, independent insurance brokerage in the Bronx, NY, founded in the 1960s, serving individuals, apartment building owners, and small businesses across the NYC tri-state area with personal, commercial, and health insurance products placed through multiple carrier partners.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAB

Commercial Lines Insurance Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAEADAA

Retail (Personal Lines) Insurance Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

Keywords

• Independent insurance brokerage
• Commercial insurance coverage
• Personal lines insurance
• Small business insurance
• Property casualty insurance

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Brokerage Commissions: IGM Brokerage operates as an independent insurance broker earning commissions from insurance carriers for placing business. As an independent brokerage, they represent multiple insurance companies and earn commissions or fees when clients purchase policies through them. The company also offers consultation services and ongoing policy management as part of their service model.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

IGM Brokerage is an independent insurance brokerage that places personal and commercial insurance coverage with multiple insurance carriers on behalf of its clients. It earns commissions by matching individuals, apartment building owners, and small businesses to policies such as homeowners/auto, commercial property, general liability, workers' compensation, group health, equipment breakdown, and umbrella insurance across the New York tri-state area.

Product overview

IGM Brokerage is an independent, family-owned insurance brokerage offering a comprehensive portfolio of insurance products and risk management solutions. The company operates as a multi-product insurance broker providing both commercial and personal lines coverage. The core commercial offerings include Building Insurance, Business Insurance (including Business Owners Policy), General Liability Insurance, Workers' Compensation Insurance, Health Insurance, and Equipment Breakdown Insurance. Personal lines include Auto Insurance and Home/Renters Insurance. Additional specialized coverages such as Umbrella Insurance, Business Interruption Insurance, Directors and Officers Liability, Errors and Omissions, Inland Marine, Disability Insurance, Builders Risk, Fidelity Bonds, and Lead Insurance are available as add-on modules. The company serves individuals, apartment building owners, and small business owners across the New York tri-state area.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Insurance Comprehensive commercial insurance coverage for businesses and apartment building owners, including property protection, liability coverage, and risk management solutions. Served via multiple carrier relationships in the Bronx and tri-state area.
• Building Insurance Commercial property insurance protecting apartment buildings and commercial properties against fire, weather damage, vandalism, and other covered risks. Targeted at NYC apartment building owners across Bronx, Brooklyn, Manhattan, Queens, Staten Island, and Westchester.
• Business Insurance Business owners policy (BOP) and commercial business coverage including property, general liability, auto, and umbrella coverage for small to medium businesses in the NYC tri-state area.
• Equipment Breakdown Insurance Boiler and machinery insurance covering accidental breakdown of equipment including steam boilers, pressure devices, HVAC systems, and electrical equipment for commercial clients.
• General Liability Insurance Commercial general liability insurance protecting businesses from third-party lawsuits for personal injury or personal property losses.
• Health Insurance Group health insurance plans for small businesses offering coverage through Oxford, Aetna, Emblem, Health Pass, and Care Connect carriers.
• Workers' Compensation Insurance Mandatory NY-state workers' compensation coverage providing benefits for employees injured on the job, covering medical expenses, lost wages, and rehabilitation costs.
• Auto Insurance Personal and commercial auto insurance covering bodily injury liability, property damage liability, collision, comprehensive, and uninsured motorist coverage.
• Home/Renters Insurance Homeowners and renters insurance protecting residential property against physical damage and providing personal liability coverage.
• Umbrella Insurance Excess liability coverage supplementing personal or commercial insurance policies, providing additional protection beyond conventional policy limits for auto, business, and homeowners insurance plans.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor.

• Oxford (Health Insurance)minorOthersHealth insurance carrier partner. IGM Brokerage offers plans through Oxford as part of their small group health insurance offerings for businesses in the Bronx and tri-state area.
• Aetna (Health Insurance)minorOthersHealth insurance carrier partner offering group health plans through IGM Brokerage for small businesses seeking employer health coverage.
• Emblem (Health Insurance)minorOthersHealth insurance carrier partner providing small group health insurance plans through IGM Brokerage.
• Health Pass (Health Insurance)minorOthersHealth insurance carrier partner available through IGM Brokerage for employer and individual health coverage.
• Care Connect (Health Insurance)minorOthersHealth insurance carrier partner offering plans through IGM Brokerage's small group health insurance offerings.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Hilb Group: Mid-Atlantic and Northeast-focused independent insurance brokerage serving individuals, families, and small businesses with personal and commercial lines—closely comparable operating model and customer base to IGM Brokerage.
• World Insurance Associates: Independent insurance brokerage with strong presence in the Northeast and a similar multi-line personal/commercial book, including small-business and property coverages—comparable multi-carrier independent brokerage model.

Broad incumbents

• Brown & Brown Insurance: Large publicly traded independent insurance broker offering personal, commercial, and specialty lines nationwide. Operates the same independent brokerage business model as IGM but at much greater scale and geographic breadth.
• HUB International: Large North American insurance brokerage serving individuals and commercial clients, including multi-line personal and small-business coverages. Same independent brokerage model as IGM at significantly larger scale.
• USI Insurance Services: Large independent commercial insurance brokerage serving middle-market and personal clients across the U.S. Same multi-carrier independent brokerage model as IGM, but with national scale and broader specialty practices.
• Marsh McLennan: Global insurance brokerage and risk advisory firm operating one of the largest independent broker networks. Overlaps with IGM on commercial brokerage and personal lines, with vastly broader scale and product range.
• Aon: Global insurance and reinsurance broker with a substantial U.S. personal and small-commercial brokerage footprint. Competes in the same broker-of-record value chain as IGM but at enterprise scale.
• GEICO: Major direct-to-consumer personal auto and property insurer competing for the same individual clients IGM serves on personal lines, but bypassing the broker via direct digital and phone channels.
• Progressive: Direct-to-consumer auto and small commercial carrier. Targets the same personal auto and small-business customer base as IGM via direct channels, posing substitution risk for one of IGM's core personal lines.

Emerging players

• Lemonade: Digital-native insurtech selling homeowners, renters, and auto coverage direct to consumers. Reaches many of the same individuals IGM serves via a mobile-first, AI-driven model that bypasses traditional brokers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/IGM-Brokerage-Corp-186721031360827
• Xx.com/igmbrokerage
• LinkedInlinkedin.com/company/igm-brokerage-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IGM Brokerage