Micheletti Insurance Services

What Micheletti Insurance Services does

Micheletti Insurance Services is a privately held, full-service insurance brokerage headquartered in San Jose, California, founded in 1946 and operating with 11–50 employees under family leadership (David Micheletti, President & CEO; Matthew Micheletti, EVP & CFO; Andrea Perdichizzi, EVP & COO). The firm delivers personal, commercial, and employee benefits coverage, with a vertical emphasis on healthcare and managed care — extending into specialized lines such as stop-loss, aggregate excess of loss, bundled payment stop-loss, HMO reinsurance, surety bonds, professional liability, and medical malpractice. Its go-to-market relies on direct broker-advisor relationships and a trusted-advisor positioning rather than digital self-service channels.

The firm operates as a DBA within the Foundation Risk Partners / Pinnacle Brokers partnership ecosystem, which provides access to an extended network of 194 locations across the U.S. and partner offices in Walnut Creek CA, Tustin CA, and Maitland FL. This network affiliation materially extends Micheletti's geographic reach and specialty-product capability — notably via FRP Managed Care — beyond what its own headcount would otherwise support. Core verticals served include healthcare, real estate, construction, technology, wholesale distribution, and manufacturing.

Revenue is generated on a commission basis through insurance policy placements, with pricing conducted via quote-based, subscription-style annual billing tied to client risk profile, coverage limits, and industry classification. The model is recurring and renewal-driven, with switching friction embedded in the broker-mediated client relationship. No disclosed revenue figure, funding events, or M&A activity are present in the source material, limiting visibility into financial scale and growth cadence.

Name

Micheletti Insurance Services

Legal name

Foundation Risk Partners, Corp.

Website

https://michelettinsurance.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Micheletti Insurance Services is a privately held, San Jose-based full-service insurance brokerage founded in 1946, delivering personal, commercial, and employee benefits coverage with a healthcare and managed care specialization, operating within the Foundation Risk Partners partnership network.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Commercial insurance brokerage
• Employee benefits administration
• Stop-loss insurance
• Property casualty coverage
• Personal insurance solutions

Headquarters

HQ city

San Jose

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations

Revenue model

1. Insurance Brokerage Services: Full-service insurance brokerage providing Personal, Commercial and Employee Benefits coverage. Revenue generated through commissions on insurance policies placed for clients across healthcare, real estate, construction, technology, wholesale distribution and manufacturing sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Micheletti Insurance Services is a full-service insurance agency providing personal, commercial, and employee benefits coverage. The firm offers stop-loss and reinsurance solutions for managed care, healthcare risk coverage including professional liability and medical malpractice, employee benefit plan design and administration, and property & casualty solutions such as general liability and workers' compensation.

Product overview

Pinnacle Brokers Insurance Solutions operates as a full-service insurance brokerage offering four core product lines: Managed Care (stop-loss and reinsurance solutions), Health Care Risks (professional liability and medical malpractice coverage), Employee Benefits (health insurance and benefit administration), and Property & Casualty (general liability, workers' compensation, and claims services). The firm serves clients across Healthcare, Real Estate, Construction, Technology, Wholesale Distribution, and Manufacturing sectors, providing Personal, Commercial, and Employee Benefits coverage and advice. Pinnacle Brokers is a DBA of Foundation Risk Partners, Corp.

Differentiator

Problem solved

Functional benefit

Products and services

• Managed Care

Quantifiable outcome

• 4 Million+ lives insured through insurance policies
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Foundation Risk PartnerscoreStrategic or Co-development PartnerPinnacle Brokers Insurance Solutions is a DBA (doing business as) of Foundation Risk Partners, Corp. The companies operate in partnership with FRP Managed Care to provide comprehensive insurance solutions. Pinnacle Brokers is rebranding as Foundation Risk Partners, consolidating under a unified brand identity.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Arthur J. Gallagher & Co. One of the largest global insurance brokerages; directly comparable in healthcare, stop-loss, and employee benefits brokerage but operating at materially greater scale and geographic reach.
• Lockton Companies: Largest privately held global insurance brokerage; relevant comparable for stop-loss, healthcare risk, and employee benefits specialty lines, though operating at a much larger scale.

Direct peers

• Foundation Risk Partners: Direct parent and partner of the subject firm; a Top 25 national brokerage aggregator with deep healthcare, stop-loss, and managed-care expertise — the most directly comparable peer given the explicit affiliation.
• USI Insurance Services: Mid-to-large national brokerage built largely through roll-up acquisitions; comparable in business mix (commercial, employee benefits, personal) and in the role of regional offices feeding a national platform.
• Alliant Insurance Services: Specialty-focused national brokerage; comparable in mix of commercial, employee benefits, and healthcare-related coverage, and in a similar mid-market acquisition-driven growth strategy.
• World Insurance Associates: Acquisitive regional brokerage operator focused on personal, commercial, and employee benefits lines; closely comparable in operating model, size tier, and roll-up growth strategy.
• Hub International: North American brokerage with strong healthcare, P&C, and employee benefits segments; directly comparable business model of regional offices serving middle-market clients with specialty expertise.
• Brown & Brown: Large national insurance brokerage with deep healthcare and employee benefits practices; directly comparable as a full-service multi-line agency competing for the same mid-market and enterprise risk-management accounts.
• NFP (an Aon company): Mid-market insurance broker and benefits consultant; comparable in multi-line offering, middle-market customer base, and a similar affiliation/roll-up history.

Others

• Assurex Global: Worldwide partnership of independent insurance and risk-management brokers; relevant as a network that smaller brokerages like Micheletti leverage to access global markets and specialty capacity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/micheletti-insurance-services

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 Micheletti Insurance Services