Breckenridge Insurance Services

What Breckenridge Insurance Services does

Breckenridge Insurance Services was a wholesale insurance brokerage, binding authority, and program administrator founded in 1981 and headquartered in Irving, Texas. The firm specialized in placing hard-to-place commercial and personal lines risks for retail insurance agents and brokers who lacked direct carrier access, operating branch offices in Chicago, Dallas, St. Louis, and Westbrook. Its product portfolio centered on proprietary signature programs including Contractors Elite, Outdoor Recreation, Primary Property, Design Professionals, and Wellness Services, alongside specialty placements for EPL and Nonprofit risks.

The company's core operating model combined wholesale brokerage commissions with binding authority, allowing retail agents to obtain rapid quotes and policy issuance on specialty risks. Breckenridge distributed these capabilities through carrier platform integrations with Great American, Hiscox NOW, Sayata Labs, and USLI, with USLI providing branch-specific portals across its four office locations. Revenue was generated through commissions on policies placed via binding authority and program administration, with pricing determined on a quote-by-quote basis rather than through disclosed rate cards.

In 2024, Breckenridge Insurance Services, LLC was acquired by Risk Placement Services (RPS), one of the largest U.S. wholesale brokerages, as part of RPS's strategic growth and the Accretive specialty agencies roll-up. Following the acquisition, the company's operations, branding, and communications transitioned into the RPS platform, with team emails moving to rpsins.com and customers gaining access to RPS's broader market and carrier relationships. Breckenridge no longer operates as an independent entity.

Name

Breckenridge Insurance Services

Legal name

Breckenridge Insurance Services, LLC

Website

https://breckis.com

Company type

Private

Founded year

1981

Operating status

Acquired

Headcount range

11–50 employees

Short description

Breckenridge Insurance Services was a wholesale insurance brokerage and program administrator founded in 1981, offering binding authority and specialty programs to retail insurance agents. It operated across four U.S. offices and was acquired by RPS in 2024.

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

akta.pro secondary industries

Commercial Lines Insurance Brokerage (FSAEADAB), Insurtech-Enabled Brokerage (Digital Brokers & Aggregators) (FSAEADAN)

Keywords

• Wholesale insurance brokerage
• Specialty insurance programs
• Binding authority
• Program administration
• Insurance distribution

Headquarters

HQ city

Irving

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Insurance Brokerage Commissions: As a wholesale insurance broker and program administrator, Breckenridge generates revenue through commissions from insurance carriers on policies placed through its binding authority and program offerings. The company serves retail insurance agents and brokers who access specialty insurance products through wholesale channels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Breckenridge Insurance Services operates as a wholesale insurance brokerage and program administrator, providing retail insurance agents and brokers with access to specialty insurance products, binding authority, and signature insurance programs. Following its acquisition by Risk Placement Services (RPS), the company now offers enhanced market access, deeper carrier relationships, and expanded specialty expertise to its broker network.

Product overview

Breckenridge Insurance Services is a wholesale brokerage and program administrator offering a portfolio of specialty insurance products. The company operates as part of RPS (Risk Placement Services) following its acquisition, providing wholesale brokerage, binding authority, and program administration services. The product portfolio includes signature programs such as Contractors Elite, Outdoor Recreation, and Primary Property insurance, alongside specialty programs for Design Professionals and Wellness Services. Additionally, Breckenridge provides access to EPL (Employment Practices Liability) and Nonprofit insurance through carrier partnerships with Great American and other insurers. The company connects retail agents with quote and bind platforms for efficient insurance placement.

Differentiator

Problem solved

Functional benefit

Products and services

• Contractors Elite Insurance
• Outdoor Recreation Insurance
• Primary Property Insurance
• Design Professionals Insurance
• Wellness Services Insurance
• Employment Practices Liability (EPL) Insurance
• Nonprofit Insurance

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

One partnership is on record.

• Risk Placement Services (RPS)coreStrategic or Co-development Partner · 1 January 2024Breckenridge Insurance Services, LLC was acquired by Risk Placement Services (RPS) as part of RPS's strategic growth plans. The acquisition brings Breckenridge's wholesale brokerage, binding authority, and program administrator capabilities under the RPS umbrella, enhancing resources and market access for clients nationally.

Recent moves6 records

Expansion highlights4 records

Direct peers

• Burns & Wilcox: Wholesale insurance broker and MGA offering specialty and surplus lines placement to retail agents. Directly comparable as a specialty wholesale brokerage with binding authority and program administrator capabilities.
• Worldwide Facilities: National wholesale insurance broker and program manager offering specialty commercial lines to retail producers. Comparable as a wholesale broker with binding authority and program administration capabilities across specialty lines.
• Risk Placement Services (RPS): Parent company and one of the largest U.S. wholesale insurance brokerages, binding authority and program administrators. Directly comparable given identical operating model (wholesale brokerage, binding authority, program administration) and overlapping specialty programs such as Contractors Elite.
• Brown & Riding: National wholesale insurance brokerage focused on specialty and excess & surplus lines placement for retail agents. Directly comparable given similar specialty-line wholesale brokerage model serving retail agent distribution.
• Hull & Company: Wholesale insurance brokerage providing binding authority and specialty placement to retail agents, particularly in Florida and the Southeast. Comparable given shared wholesale/binding authority model in E&S and specialty lines.
• CRC Group: Large U.S. wholesale brokerage and managing general agent offering specialty insurance placement to retail agents. Directly comparable as a wholesale broker with binding authority across commercial and specialty lines.
• Insurance Manufacturers & Distributors (IMD): Wholesale insurance broker and program manager focused on commercial and specialty lines placement. Comparable as a wholesale broker with program administration and binding authority serving retail agents.
• Amwins: Specialty insurance distributor providing wholesale brokerage, binding authority, and program management nationally. Directly comparable given shared wholesale brokerage + program administration model and broad specialty product portfolio.

Broad incumbents

• USLI (United States Liability Insurance): Specialty insurance carrier providing broker portals and binding authority used by Breckenridge. Comparable as a specialty carrier/portal platform serving the same retail agent distribution channel with similar product mix.
• Heffernan Insurance Brokers: Large U.S. insurance brokerage with wholesale and specialty capabilities serving commercial clients. Comparable as a broader insurance intermediary with adjacent wholesale and specialty programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/rpsins
• YouTubeyoutube.com/channel/UCIARNqTE_QmdKblhJUJf0zQ
• Facebookfacebook.com/RPSINS
• LinkedInlinkedin.com/company/risk-placement-services-inc
• Instagraminstagram.com/rps_ins

Revenue estimate

Valuation estimate

Number of profiles

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 Breckenridge Insurance Services