Strickland Insurance Brokers

What Strickland Insurance Brokers does

Strickland Insurance Brokers is a Managing General Agent (MGA) founded in 1969 and headquartered in Goldsboro, North Carolina. The company operates as a family-owned intermediary that underwrites and administers property and casualty insurance on behalf of multiple carrier partners, distributing policies through a network of more than 1,200 independent retail agents across five Mid-Atlantic and Southeastern states: North Carolina, South Carolina, Virginia, Maryland, and Delaware. The firm is led by members of the founding Strickland family and remains privately held with no disclosed institutional capital or funding rounds.

The product portfolio spans standard Property/Casualty lines (homeowners, auto, dwelling fire, manufactured home), Transportation (commercial auto and garage/dealer policies), and specialty classes including Houses of Worship, Bars/Restaurants, and Garage/Heavy Truck. Strickland holds underwriting authority through carrier appointments with Atlantic Casualty, Canal Insurance, Colony Insurance, Great American, National Indemnity, and USLI. The technology stack is conventional and operational rather than proprietary: ePayPolicy is used for agent payment processing, applications are submitted via ACIC-formatted forms, and intake relies on standard web-based forms. No AI/ML, predictive modeling, or automated underwriting components are described.

The business model is a commission-based MGA structure. Revenue is earned on commissions and brokerage fees from policies bound through carrier partners, with rates in the typical 12-18% MGA band. Distribution is B2B (wholesale-to-retail-agent), with no direct-to-consumer channel. The firm employs between 11 and 50 staff per third-party listings. Operating scope is regional rather than national, and there are no disclosures of M&A, recent leadership changes, or strategic capital events in the input data.

Name

Strickland Insurance Brokers

Legal name

Strickland Insurance Brokers

Website

https://sibrokers.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

Strickland Insurance Brokers is a family-owned Managing General Agent founded in 1969, underwriting property, casualty, transportation, and specialty insurance through 1,200+ retail agents in NC, SC, VA, MD, and DE.

Ownership category

akta.pro rank

Product category

Commercial Property & Casualty Insurance

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Managing general agent
• Commercial insurance
• Property casualty
• Transportation insurance
• Retail agent network

Headquarters

HQ city

Goldsboro

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Earn commissions from multiple insurance carriers (Atlantic Casualty, Canal, Colony, Great American, National Indemnity, USLI, and other markets) as a Managing General Agent placing property & casualty, transportation, and professional lines coverage for retail agents.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Strickland Insurance Brokers operates as a Managing General Agent (MGA) that places property & casualty and transportation insurance coverages on behalf of multiple carrier markets (Atlantic Casualty, Canal, Colony, Great American, National Indemnity, USLI). The firm underwrites, prices, and issues policies, then distributes them through a network of more than 1,200 retail insurance agents across North Carolina, South Carolina, Virginia, Maryland, and Delaware.

Product overview

Strickland Insurance Brokers (SIB) is a Managing General Agent offering a comprehensive portfolio of property and casualty insurance products through multiple carrier markets. The portfolio centers on commercial insurance coverages organized into Property/Casualty lines (General Liability, Property, Inland Marine, Environmental, Professional Lines, Umbrella, Liquor Liability) and Transportation lines (Auto Liability, Physical Damage, Cargo, Bobtail, On-Hook, Dealer's Liability, Garage Liability/GKLL, Garage Service). Specialty programs target specific industries including Houses of Worship, Bars/Restaurants/Breweries/Night Clubs, and Heavy Truck/Garage operations. SIB distributes these products through partnerships with major carriers including Atlantic Casualty, Canal, Colony, Great American, National Indemnity, and United States Liability Insurance (a Berkshire Hathaway company), serving over 1,200 retail agents across NC, SC, VA, MD, and DE.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property & Casualty Insurance Property and casualty insurance placements for commercial risks underwritten through Strickland's MGA authority and placed with carrier partners such as Atlantic Casualty, Canal, Colony, Great American, and National Indemnity. Distributed to retail insurance agents across NC, SC, VA, MD, and DE.
• Transportation Insurance Commercial transportation coverage, including an ACIC Business Auto Application offered in partnership with Atlantic Casualty Insurance Company. Targeted at retail agents writing commercial auto and transportation risks.
• Houses of Worship Insurance Program Specialty property and liability program designed for churches, synagogues, mosques, and other religious institutions. Made available to retail insurance agents as a packaged solution.
• Bar / Restaurant / Brewery / Night Club Insurance Program Specialty hospitality insurance program providing property, general liability, and liquor liability coverages for on-premises alcohol establishments. Distributed to retail agents for placement with carriers.
• Garage Products Program Specialty insurance program tailored for auto dealers, repair shops, and garage-services businesses, including garage liability and related coverages. Distributed to retail agents through Strickland's MGA platform.
• USLI Specialty Lines Coverage Specialty lines products placed through USLI, expanding the carrier mix available to retail insurance agents working with Strickland Insurance Brokers.

Named customers4 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• United States Liability Insurance (USLI)coreTechnology or IntegrationSIB partnered with USLI (Berkshire Hathaway company, A++ rated by A.M. Best) to offer commercial general liability, special events coverage, liquor liability, and other lines. USLI provides admitted and non-admitted policies through subsidiaries Mount Vernon Fire and U.S. Underwriters Insurance Company. SIB agents can quote online via sibrokers.usli.com or get instant phone quotes at 1-888-681-9857.
• Atlantic Casualty InsurancecoreChannel Partner/ Reseller/ DistributorAtlantic Casualty Insurance is listed as a main carrier partner. SIB handles claims submission for Atlantic Casualty, directing policyholders to call (877) 222-5522 or email [email protected]. Note: SIB states it is not directly related to Atlantic Casualty despite historical association.
• Installment Discount CorporationminorChannel Partner/ Reseller/ DistributorSIB offers premium financing through Installment Discount Corporation, allowing clients to pay premiums in installments. Companies share a phone number with SIB directing callers to press option 1 for SIB and option 2 for IDC.
• Canal InsurancecoreChannel Partner/ Reseller/ DistributorCanal Insurance is listed as one of the main carrier markets on the products page, providing insurance capacity for transportation and other lines.
• Colony InsurancecoreChannel Partner/ Reseller/ DistributorColony Insurance is listed as a main carrier market. Claims can be reported to Colony/Argonaut at 833-240-4128.
• Great American InsurancecoreChannel Partner/ Reseller/ DistributorGreat American Insurance is listed as a main carrier market providing insurance capacity. Claims contact: 800-545-4269.
• National IndemnitycoreChannel Partner/ Reseller/ DistributorNational Indemnity is listed as a main carrier market. Claims contact: 800-356-5750.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Burns & Wilcox: National Managing General Agent and wholesale insurance broker with deep specialty P&C and personal-lines capabilities; comparable as a larger MGA serving retail agents across multiple states, though with far broader product and geographic reach than SIB.
• RPS (Risk Placement Services): One of the largest U.S. wholesale brokers and MGAs; comparable to SIB as a wholesale/MGA intermediary placing specialty and standard commercial business for retail agents nationwide, but operating at substantially greater scale.
• Brown & Riding Insurance Services: National wholesale insurance brokerage and MGA providing specialty and excess-and-surplus placement for retail agents; comparable to SIB in the wholesale/MGA role, with broader product lines and national reach.
• CRC Insurance Group: Large wholesale insurance broker and program administrator serving retail agents with specialty and standard commercial placement; comparable in business model to SIB as a wholesale/MGA, but with a national footprint and broader carrier relationships.
• Amwins Group: Specialty wholesale broker and program administrator with significant MGA operations; comparable to SIB in acting as intermediary between carriers and retail agents, with a much larger national scale and product breadth.

Direct peers

• Atlas General Insurance Services: National MGA/wholesale broker offering specialty and non-standard commercial lines to retail agents; comparable to SIB in operating as an MGA intermediary between carriers and retail agents across multiple states.
• NSM Insurance Group: Specialty program manager/MGA developing niche commercial programs distributed through retail agents — highly comparable to SIB's model of building specialty programs (e.g., transportation, hospitality) for placement via agent networks.
• Distinguished Programs: National MGA/program manager offering specialty commercial coverages distributed through retail brokers; comparable to SIB in building niche specialty programs and partnering with carriers for capacity.
• Arrowhead General Insurance Agency: Program administrator and MGA serving personal and commercial lines through independent agents; comparable to SIB as a specialty MGA relying on multi-carrier capacity and producer distribution, though Arrowhead operates nationally.
• Ivy Underwriters: Specialty wholesale broker/MGA placing niche commercial business through retail agents; comparable to SIB as a smaller-scale MGA focused on specialty commercial placement via producer relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/sibnc
• LinkedInlinkedin.com/company/strickland-insurance-brokers

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Strickland Insurance Brokers