Armada Risk Partners
Armada Risk Partners is an independent insurance brokerage providing commercial property and casualty, health and benefits, private risk, and life insurance to businesses and high net worth individuals, with a specialization in maritime ports and terminals and a consulting division for enterprise risk management.
- Company typePrivate
- Founded2015
- HeadquartersCleveland, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Armada Risk Partners does
Armada Risk Partners is an independent insurance brokerage founded in 2015 and headquartered in Cleveland, Ohio, with a satellite office in Tampa, Florida. The firm provides commercial property and casualty, health and benefits, private risk (including high net worth personal lines), and individual life insurance solutions, distributing products through direct consultative sales across multiple carrier partners. Its core technology footprint consists of a third-party client portal (CSR24) supporting policy management, certificate requests, auto ID cards, billing, and an online risk review questionnaire; the company does not operate a proprietary technology platform.
The firm serves a diversified set of customer segments, with primary verticals in maritime ports and terminals, manufacturing, employer group benefits, and high net worth individuals, alongside secondary verticals in professional services, technology firms, contractors, and real estate developers. Revenue is generated principally through insurance brokerage commissions on placed business across multiple carriers, supplemented by professional services fees from Armada Growth Partners, a consulting division launched in June 2025 that delivers enterprise risk management, cybersecurity advisory, threat intelligence, dark web monitoring, M&A cybersecurity due diligence, ransomware negotiation, and threat hunting services.
The go-to-market approach is sales-led and relationship-driven, leveraging thought leadership (CEO-authored content on maritime insurance topics), industry event participation (NAMMA, Inland Marine Expo, Great Lakes Ports Association), content marketing, and named client testimonials. The firm operates as a privately held, founder/management-led organization with 11-50 employees and no disclosed institutional funding.
Armada Risk Partners firmographics
Firmographics- Name
- Armada Risk Partners
- Legal name
- Armada Risk Partners
- Website
- https://armadarisk.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Armada Risk Partners is an independent insurance brokerage providing commercial property and casualty, health and benefits, private risk, and life insurance to businesses and high net worth individuals, with a specialization in maritime ports and terminals and a consulting division for enterprise risk management.
- Ownership category
- akta.pro rank
Armada Risk Partners industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
Keywords
Where Armada Risk Partners is headquartered
LocationHeadquarters
- HQ city
- Cleveland
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Armada Risk Partners business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Brokerage Commissions: As an independent insurance brokerage, Armada Risk Partners earns commissions from insurance carriers for placing business. They represent multiple insurance companies and offer a wide variety of insurance solutions including property and casualty, health and benefits, private risk, and life insurance.
- Risk Management Consulting: Armada Growth Partners, a consulting division, provides strategic risk management services including cybersecurity consulting, threat intelligence, M&A due diligence, and enterprise-wide resilience advisory. These are likely billed as professional services engagements.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Armada Risk Partners product offering
Product offeringCore offering
Armada Risk Partners is an independent insurance brokerage that places commercial and personal insurance coverage on behalf of clients by representing multiple insurance carriers. It offers Property & Casualty, Health & Benefits, Private Risk, and Individual Life insurance products, alongside the Armada Growth Partners consulting division providing enterprise risk management, cybersecurity advisory, threat intelligence, M&A cyber due diligence, and ransomware negotiation services.
Product overview
Armada Risk Partners is an independent insurance brokerage firm offering a comprehensive portfolio of insurance products and services organized into four main categories: Property and Casualty Insurance (covering commercial risks for manufacturers, ports, technology firms, contractors, and real estate developers), Health and Benefits (group health, dental, vision, voluntary benefits, and disability for employers), Private Risk Insurance (personal coverage including high net worth, auto, home, umbrella, classic car, watercraft, and valuable possessions), and Individual Life Insurance (term, whole, and universal life policies). The firm also provides a client services portal for policy management, claims assistance, and billing. Additionally, Armada Growth Partners serves as a consulting division offering enterprise risk management and cybersecurity advisory services including threat intelligence, dark web monitoring, M&A due diligence, and ransomware negotiation.
Differentiator
Problem solved
Functional benefit
Brands
- Armada Growth Partners: Enterprise risk management consulting division providing cybersecurity consulting, threat intelligence, M&A cybersecurity due diligence, ransomware negotiation, and strategic advisory services to C-suite executives.
Products and services
- Property and Casualty Insurance Commercial insurance coverage for businesses defending against premises liability, operations, completed operations, advertising injury, and personal injury exposures, with specialized programs for ports and terminals, manufacturers, professional services firms, technology companies, contractors, and real estate developers.
- Health and Benefits Employee benefits brokerage for employers covering group health, dental, vision, voluntary benefits, disability, life and AD&D, and health savings accounts.
- Private Risk Insurance Personal insurance solutions for high net worth individuals and families covering homes, vehicles, valuable possessions, classic cars, watercraft, yachts, and excess liability.
- Individual Life Insurance Personal life insurance products including term life, whole life, and universal life for income replacement, debt coverage, and beneficiary protection.
- Ports and Terminals Insurance Specialized marine and port insurance covering maritime operations, vessel traffic management, cargo handling, and port infrastructure risks.
- Manufacturer Insurance Comprehensive coverage for manufacturing businesses including commercial general liability, property, business interruption, product recall, workers compensation, business auto, umbrella, and cargo insurance.
- Umbrella Insurance Excess liability coverage providing additional protection beyond standard auto, homeowners, and boat policies when liability limits are exhausted, typically issued between $2,000,000 and $10,000,000 in coverage limits.
- High Net Worth Insurance Customized comprehensive insurance combining home, vehicle, travel, and life coverage tailored for individuals with large assets, addressing risks such as water damage, valuable possessions, collector cars, cyber threats, and secondary residences.
- Life and Accidental Death and Dismemberment Insurance Group life and accidental death coverage that pays out for accident-related deaths or loss of vision, hearing, speech, and limbs, providing financial protection for employees' dependents.
- Group Vision Insurance Employee benefit covering eye examinations, frames, lenses, contact lenses, and safety glasses with exams that can identify early signs of conditions like glaucoma, cataracts, high blood pressure, diabetes, and heart disease.
- Claim Assistance Claims support service that helps clients navigate the insurance claim process when catastrophe strikes, providing guidance on reporting claims to carriers.
- Armada Growth Partners Enterprise risk management and cybersecurity consulting division providing threat intelligence, dark web monitoring, M&A cybersecurity due diligence, ransomware negotiation, and threat hunting services directly to C-suite executives.
Companies that use Armada Risk Partners
Customer profileNamed customers4 records
Segments9 records
Ideal customer profiles5 records
Armada Risk Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Armada Risk Partners partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Armada Risk Partners competitors and assessment
Company assessmentDirect peers
- RPS (Risk Placement Services): RPS is a specialty insurance brokerage with deep marine, transportation, and excess/surplus expertise, operating through a network of regional offices. Directly comparable to Armada as a specialty commercial broker with maritime/transportation focus and a similar multi-vertical (P&C, benefits, personal lines) structure.
- McGriff Insurance Services: McGriff is an independent insurance brokerage with strong specialty commercial and benefits capabilities serving mid-market and commercial clients. Comparable to Armada as an independent brokerage with multi-vertical commercial and benefits offerings, regional office footprint, and consultative sales model.
- Foundation Risk Partners: Foundation Risk Partners is a fast-growing independent insurance brokerage formed through producer-led aggregation, offering commercial P&C, benefits, and personal lines. Closely comparable to Armada as an independent brokerage platform competing for mid-market and specialty accounts with a similar producer-led growth model.
- Woodruff Sawyer: Woodruff Sawyer is a mid-sized independent commercial insurance brokerage focused on specialty lines serving mid-market and emerging-company clients. Directly comparable to Armada in being an independent brokerage with a specialty commercial orientation, mid-market focus, and similar range of commercial P&C and benefits offerings.
Broad incumbents
- Hub International: Hub International is a large North American insurance brokerage serving commercial, personal, and benefits clients through regional offices. Comparable to Armada as a broad incumbent with a similar regional-office distribution model targeting mid-market commercial and employer group accounts.
- Brown & Brown Insurance: Brown & Brown is a large national insurance brokerage with diversified commercial, personal, and benefits offerings. Comparable to Armada as a broad incumbent with an independent-agent platform model competing for the same mid-market commercial and group benefits accounts.
- Lockton Companies: Lockton is the world's largest independent insurance brokerage, specializing in commercial, benefits, and risk management for mid-market and large clients. Comparable to Armada as the largest privately held independent brokerage competing across the same P&C, benefits, and specialty commercial lines.
- Aon: Aon is a global insurance brokerage and advisory firm serving commercial, marine, and benefits clients worldwide. Comparable to Armada as a broad incumbent with marine, cyber risk, and employee benefits practices that overlap with Armada's full product set.
- Marsh McLennan: Marsh McLennan is the world's largest insurance brokerage and risk advisory firm, operating across commercial P&C, marine, benefits, and consulting. Comparable to Armada as the dominant incumbent in the same product categories, with a dedicated marine practice that directly competes with Armada's ports and terminals specialty.
- Arthur J. Gallagher & Co. Gallagher is a global insurance brokerage and risk management firm with strong commercial P&C, benefits, and specialty practices. Comparable to Armada as a broad incumbent competing for the same mid-market and specialty commercial accounts through a similar producer-led brokerage model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Armada Risk Partners social profiles
Digital presenceArmada Risk Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Armada Risk Partners leadership team
Management profileNumber of profiles
Profiles5 records
Armada Risk Partners subsidiaries and ownership
Company hierarchySubsidiaries1 record
Armada Risk Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Armada Risk Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Armada Risk Partners
What does Armada Risk Partners do?
Armada Risk Partners is an independent insurance brokerage that places commercial and personal insurance coverage on behalf of clients by representing multiple insurance carriers. It offers Property & Casualty, Health & Benefits, Private Risk, and Individual Life insurance products, alongside the Armada Growth Partners consulting division providing enterprise risk management, cybersecurity advisory, threat intelligence, M&A cyber due diligence, and ransomware negotiation services.
Is Armada Risk Partners a public or private company?
Armada Risk Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Armada Risk Partners founded?
Armada Risk Partners was founded in 2015. It employs 11 to 50 people.
Where is Armada Risk Partners based?
Armada Risk Partners is headquartered in Cleveland, United States, in the North America region.
How does Armada Risk Partners make money?
Two revenue lines are on record. Insurance Brokerage Commissions are the primary driver. The others are risk Management Consulting.
Who are Armada Risk Partners's main competitors?
Direct peers on record are RPS (Risk Placement Services), McGriff Insurance Services, Foundation Risk Partners and Woodruff Sawyer. Broad incumbents are Hub International, Brown & Brown Insurance, Lockton Companies, Aon, Marsh McLennan and Arthur J. Gallagher & Co..
Does Armada Risk Partners have an API?
No public API is recorded for Armada Risk Partners.
What industry is Armada Risk Partners in?
Armada Risk Partners's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines). Its NAICS code is 5242 and its SIC code is 6411.