McConkey Insurance & Benefits

Name

McConkey Insurance & Benefits

Legal name

E.K. McConkey & Co., Inc.

Website

https://ekmcconkey.com

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

101–250 employees

Short description

McConkey Insurance & Benefits is an independent, privately held insurance brokerage founded in 1890, serving businesses, employers, and individuals across 49 states with commercial insurance, employee benefits, personal lines, surety bonds, and captive insurance programs.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411), Surety Insurance (6351)

akta.pro primary industry

Captive Insurance Advisory & Management (FSAEADAF)

Keywords

• Commercial insurance brokerage
• Employee benefits administration
• Captive insurance solutions
• Surety bond services
• Personal insurance coverage

Headquarters

HQ city

York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Traditional insurance brokerage revenue generated through commissions from placing insurance policies with carrier partners. Revenue earned on new policy placements and renewals across business insurance, employee benefits, personal insurance, and surety bonds.
2. Captive Insurance Management Fees: Fees for managing captive insurance programs including group captives, single-parent captives, and risk retention groups. With nearly 200 captive clients, this represents a significant alternative markets revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

McConkey Insurance & Benefits is an independent insurance brokerage that places commercial and personal insurance policies with multiple carrier partners, designs group employee benefit packages, structures captive insurance programs for businesses, and underwrites surety bonds for contractors. The firm operates through a field sales and inside service model with 100+ employees and is licensed in 49 U.S. states. Its subsidiary Valley Forge Captive Advisors manages group captive programs with nearly 200 captive clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Insurance Commercial insurance coverage including property, liability, auto, workers' compensation, and industry-specific policies for mid-size to large businesses across contractors, manufacturers, social service agencies, trucking companies, and electrical contractors.
• Employee Benefits Group health insurance, life and AD&D, disability coverage, flexible spending accounts, and executive benefit programs for employers, supported by data analytics and benefits administration.
• Personal Insurance Individual insurance coverage including home, auto, umbrella, flood, motorcycle, classic car, pet, RV, and special event/wedding insurance for individual consumers and families.
• Captive Insurance Alternative risk management through owned insurance vehicles including property and casualty captives, group captives, single-parent captives, risk retention groups, and industry-specific captives; nearly 200 captive clients managed.
• Surety Bond Surety bond solutions for construction and business clients, including bond request submission and program construction, served by dedicated surety bond executives.
• Risk Solutions Risk management consulting services including risk assessments and safety recommendations for commercial clients.
• Data Analytics Claims data analysis and analytics services supporting employee benefits clients with planning and cost management.

Quantifiable outcome

• 200 captive clients served through specialized captive insurance programs
• +2 more outcomes

Named customers3 records

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

19 partnerships are on record, tiered core, strategic and minor.

• AcuitycoreChannel Partner/ Reseller/ DistributorInsurance carrier partner for general business insurance products including commercial lines coverage.
• AIGcoreChannel Partner/ Reseller/ DistributorMajor insurance carrier partner offering general insurance products across commercial and specialty lines.
• ChubbcoreChannel Partner/ Reseller/ DistributorLeading insurance carrier providing commercial property and casualty coverage.
• HartfordcoreChannel Partner/ Reseller/ DistributorMajor commercial insurance carrier partner for business insurance solutions.
• TravelerscoreChannel Partner/ Reseller/ DistributorLeading commercial insurance carrier partner for business coverage.
• United HealthcarecoreChannel Partner/ Reseller/ DistributorMajor health insurance carrier partner for employee benefits including group health plans.
• AetnacoreChannel Partner/ Reseller/ DistributorHealth insurance carrier partner for employee benefits offerings.
• Delta DentalcoreChannel Partner/ Reseller/ DistributorDental insurance carrier partner for employee benefits packages.
• Guardian LifecoreChannel Partner/ Reseller/ DistributorLife and disability insurance carrier partner for employee benefits.
• UnumcoreChannel Partner/ Reseller/ DistributorVoluntary benefits and supplemental insurance carrier partner.
• Valley Forge Captive Advisors (VFCA)coreStrategic or Co-development PartnerAffiliate captive insurance agency launched in 2015 as part of McConkey's captive division, making McConkey one of the largest group captive brokers in the nation. Located in Valley Forge, PA. Website: vfcadvisors.com
• Keystone Benefits PartnersstrategicChannel Partner/ Reseller/ DistributorBenefits-focused partner organization referenced in employee benefits section.
• Gallen Insurance AgencycoreStrategic or Co-development PartnerMerged with McConkey in 2023, expanding geographic footprint into Berks County. Reinforces mission to expand through partnership with local insurance agencies sharing similar approaches to client service.
• CSR24coreTechnology or IntegrationTechnology partner providing the McConkey 24/7 Portal for client policy management, claims reporting, and bill payment. URL: portal.csr24.com/mvc/7559266
• ZyWave (Resource Edge Portal)coreTechnology or IntegrationTechnology platform partner providing Resource Edge Portal for client access and resource management. URL: mcconkeyresourceedge.portal.zywave.com
• PODS Enterprises, LLCminorOthersDonated storage unit for McConkey Box Project community initiative to store, sort and organize donated items.
• Artex Risk SolutionsstrategicTechnology or IntegrationCaptive insurance partner providing risk solutions for captive programs.
• WTW (Willis Towers Watson)strategicTechnology or IntegrationGlobal advisory partner for captive insurance and risk management solutions.
• Gallagher BassettstrategicTechnology or IntegrationClaims and risk management partner for captive insurance services.

Scale indicators7 records

Direct peers

• The Hilb Group: A mid-sized, acquisition-driven independent insurance brokerage based in the Eastern U.S. Direct peer to McConkey: similar agency-of-choice model, multi-state commercial, personal, and benefits book, and roll-up growth strategy targeting founder-owned shops in the Mid-Atlantic and surrounding regions.
• Conner Strong & Buckelew: Mid-Atlantic-focused insurance and risk management brokerage headquartered in New Jersey with a Pennsylvania presence. Direct peer to McConkey: comparable size, commercial P&C plus employee benefits mix, independent agency model serving the same regional buyer base.
• The Graham Company: Pennsylvania-based, family-influenced independent insurance brokerage offering commercial P&C, personal, and benefits. Direct peer to McConkey on geography, scale, and product breadth; both are Mid-Atlantic regional specialists competing for the same mid-market commercial accounts.
• Henderson Brothers: Western Pennsylvania independent insurance and risk management brokerage with similar full-service lines (commercial, personal, benefits). Direct peer: same Mid-Atlantic footprint, comparable independent agency model and mid-market client orientation.

Broad incumbents

• Acrisure: One of the world's largest insurance brokerages built through an aggressive regional-agency roll-up, headquartered in Michigan. Broad incumbent comparable to McConkey by business model (independent agency model being aggregated into a multi-line platform) though operating at vastly greater scale.
• NFP (National Financial Partners): Large national insurance brokerage and advisory firm owned by Madison Dearborn, focused on commercial P&C, benefits, and personal lines for mid-market and affluent clients. Broad incumbent competing with McConkey for the same mid-market commercial and benefits accounts at national scale.
• Brown & Brown: Public U.S. insurance brokerage and risk management firm operating a decentralized model of regional agency divisions. Broad incumbent; pursues the same tuck-in acquisition strategy in the Mid-Atlantic as McConkey and competes for the same commercial and benefits accounts.
• USI Insurance Services: Large national insurance brokerage and consulting firm serving mid-market to large clients across commercial P&C, employee benefits, and personal lines. Broad incumbent with the same agency-acquisition history and overlapping product mix to McConkey's.
• Marsha McLennan Agency (Marsh): Global insurance brokerage and risk advisory arm of Marsh McLennan, the world's largest insurance broker. Broad incumbent relevant to McConkey on the upper end of the mid-market, large-account commercial brokerage space, and as a counterparty for global placements where McConkey reaches outside its licensed geographies.

Emerging players

• High Street Insurance Partners: Fast-growing independent insurance brokerage platform built through acquisitions of regional agencies across the Midwest and Eastern U.S. Emerging player employing the same roll-up playbook McConkey has demonstrated, making it both a competitor for acquisitions and a comparable model for compounding scale.

Market position

Customer concentration

• Xx.com/ekmcconkey
• Facebookfacebook.com/McConkeyInsurance
• LinkedInlinkedin.com/company/271032
• Instagraminstagram.com/mcconkeyinsuranceandbenefits

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 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 McConkey Insurance & Benefits