Caribbean Risk Group
Caribbean Risk Group is a privately held U.S. Virgin Islands insurance brokerage founded in 2015, offering property, casualty, and liability coverage to business and personal clients through a small broker team led by founder Joe Brugos.
- Company typePrivate
- Founded2015
- HeadquartersVirgin, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Caribbean Risk Group does
Caribbean Risk Group is a privately held insurance brokerage founded in 2015 and headquartered in the U.S. Virgin Islands. The firm offers property, casualty, and liability insurance products for both business and personal clients, operating within a small island jurisdiction through a sub-10-person team led by founder Joe Brugos, who serves as Insurance Broker and Principal. As a local independent broker, the company functions as an intermediary between USVI insureds and insurance carriers, earning commissions on placed policies rather than underwriting risk itself.
The business model follows the standard retail insurance brokerage structure: revenue is generated via commissions on property, casualty, and liability premiums placed with carrier partners, with no publicly disclosed pricing or commission schedule. The firm's go-to-market relies on local presence and personal relationships in the USVI market — a geographically constrained territory that limits total addressable market but also serves as a barrier to mainland competitors unfamiliar with the jurisdiction's regulatory and risk environment.
The underlying technology stack, carrier panel, customer segments, and revenue mechanics are not disclosed in the available source data. The firm's website (crgvi.com) was inaccessible at time of collection, displaying only a loading/verification placeholder, which represents a significant data gap for deeper analysis. No funding rounds, investor backing, M&A activity, leadership changes, partnerships, or product launches are documented in the input data, indicating either a private, owner-operated profile or simply absent public information.
Caribbean Risk Group firmographics
Firmographics- Name
- Caribbean Risk Group
- Website
- https://crgvi.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Caribbean Risk Group is a privately held U.S. Virgin Islands insurance brokerage founded in 2015, offering property, casualty, and liability coverage to business and personal clients through a small broker team led by founder Joe Brugos.
- Ownership category
- akta.pro rank
Caribbean Risk Group industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
- akta.pro secondary industry
- Mid-Market Commercial Package (Package Policies) (FSAJAFAB)
Keywords
Where Caribbean Risk Group is headquartered
LocationHeadquarters
- HQ city
- Virgin
- HQ country
- United States
- HQ region
- North America
Markets served
Caribbean Risk Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
Caribbean Risk Group product offering
Product offeringCore offering
Caribbean Risk Group is an insurance brokerage based in the U.S. Virgin Islands that places property, casualty, and liability insurance coverage for business and personal customers. The firm acts as an intermediary arranging coverage suited to the Caribbean territory through its principal insurance broker.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Insurance Brokerage
Companies that use Caribbean Risk Group
Customer profileIdeal customer profiles2 records
Caribbean Risk Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Caribbean Risk Group partnerships and signals
Strategic signalRecent moves1 record
Caribbean Risk Group competitors and assessment
Company assessmentDirect peers
- One80 Intermediaries: Specialty insurance brokerage platform aggregating regional and niche agencies. Comparable P&C brokerage foundation with a roll-up/aggregation model targeting founder-led agencies.
- Hub International: Large North American insurance brokerage with strong regional and mid-market presence across property & casualty lines. Comparable to Caribbean Risk Group in core product (P&C brokerage) and commercial/personal customer mix, though at vastly greater scale and broader geography.
- IMA Financial Group: Independent insurance brokerage focused on middle-market commercial and personal clients. Comparable product offering (P&C brokerage for both business and personal needs) and customer segmentation, though at larger scale.
- USI Insurance Services: Mid-market focused insurance brokerage and consulting firm offering property, casualty, and personal lines. Comparable product breadth across commercial and personal customers, scaled considerably larger.
- The Liberty Company Insurance Brokers: Independent insurance brokerage with commercial and personal lines offerings, built through acquisitions of regional agencies. Strongly comparable product mix and customer segmentation to Caribbean Risk Group.
- TRISTAR Insurance Group: Mid-market commercial insurance brokerage serving businesses with property, casualty, and related lines. Closely comparable commercial-line P&C brokerage model to Caribbean Risk Group.
Broad incumbents
- Marsh McLennan: Global professional services firm with Marsh as its insurance brokerage arm, covering P&C and specialty lines. Comparable product set; vastly larger and broader, but a relevant incumbent in the same category.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with deep middle-market and specialty P&C capabilities. Comparable product set and customer profile, with significantly broader geographic and segment reach.
- Brown & Brown: National insurance brokerage built largely through acquisitions of regional agencies like Caribbean Risk Group. Operates in P&C brokerage and is a natural strategic acquirer for small founder-led agencies.
- Acrisure: Fast-growing insurance brokerage aggregator built by acquiring and integrating regional agencies. Direct comparison to Caribbean Risk Group on P&C product mix, with a roll-up model that often targets founder-led shops of similar size.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
Caribbean Risk Group social profiles
Digital presenceCaribbean Risk Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caribbean Risk Group leadership team
Management profileNumber of profiles
Profiles1 record
Caribbean Risk Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caribbean Risk Group 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 Caribbean Risk Group
What does Caribbean Risk Group do?
Caribbean Risk Group is an insurance brokerage based in the U.S. Virgin Islands that places property, casualty, and liability insurance coverage for business and personal customers. The firm acts as an intermediary arranging coverage suited to the Caribbean territory through its principal insurance broker.
When was Caribbean Risk Group founded?
Caribbean Risk Group was founded in 2015. It employs 1 to 10 people.
Where is Caribbean Risk Group based?
Caribbean Risk Group is headquartered in Virgin, United States, in the North America region.
Who are Caribbean Risk Group's main competitors?
Direct peers on record are One80 Intermediaries, Hub International, IMA Financial Group, USI Insurance Services, The Liberty Company Insurance Brokers and TRISTAR Insurance Group. Broad incumbents are Marsh McLennan, Arthur J. Gallagher & Co., Brown & Brown and Acrisure.
Does Caribbean Risk Group have an API?
No public API is recorded for Caribbean Risk Group.
What industry is Caribbean Risk Group in?
Caribbean Risk Group's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines), with a secondary code of FSAJAFAB, Mid-Market Commercial Package (Package Policies). Its NAICS code is 52421 and its SIC code is 6411.