FGMK Insurance

What FGMK Insurance does

FGMK Insurance Agency, Inc. is a privately held independent insurance brokerage operating from Bannockburn, Illinois, and incorporated in Washington State. The firm sells and services insurance through consultative direct engagement with end clients across four primary segments: commercial businesses, entertainment and media industry clients, employer group benefits programs, and high-net-worth households under a private risk management practice. It does not underwrite risk itself; instead it places business with multiple contracted A-rated regional and national insurance carriers and earns brokerage commissions on those placements.

The firm's product portfolio is organized into five core lines — commercial insurance (property, liability, workers compensation, cyber, E&O, D&O, specialty and international coverages), entertainment and media insurance (artists, film production, music groups, venues, special events, DICE policies), employee benefits and group health (medical, dental, vision, life, disability with compliance and administration services), private risk management/personal lines (homes, autos, watercraft, aviation, fine art, umbrella), and UVA/UAS drone insurance. Distribution is sales-led via a team of producers, account executives, and account managers who deliver needs analysis, custom program design, in-house claims advocacy, and proactive 90-day renewal cycles.

Revenue is generated through carrier commissions on placed policies; pricing is quote-based on individual risk assessment and is not publicly disclosed. The firm markets through its own website, LinkedIn, and Facebook, and is led by Managing Director of Commercial Lines Renee McGovern, Director of Marketing/Client Relations Craig Martin, Senior Director of Private Risk Management Michael Jones, and Senior Benefits Director Lorrie Walker. No parent company, institutional investor, funding rounds, M&A, or external ownership events are documented.

Name

FGMK Insurance

Legal name

FGMK Insurance Agency, Inc.

Website

https://fgmkinsurance.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

FGMK Insurance Agency, Inc. is an independent insurance brokerage placing commercial, entertainment and media, employee benefits, and high-net-worth personal lines with multiple A-rated carrier partners for businesses, individuals, and specialized industries across the United States.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial General Liability (CGL) (FSAJADAA)

akta.pro secondary industries

Directors & Officers (D&O) Liability (FSAJADAF), First-Party Cyber (Breach Response, Forensics, Notification, Credit Monitoring) (FSAJAOAF), Personal Excess Liability (High-Net-Worth) (FSAJANAF), Product Liability & Recall (FSAJAGAG)

Keywords

• Insurance brokerage services
• Commercial insurance coverage
• Entertainment insurance coverage
• Employee benefits management
• Personal insurance solutions

Headquarters

HQ city

Bannockburn

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: FGMK Insurance operates as an independent insurance broker/agency earning commissions from insurance carriers for placing business. The company has contracted relationships with multiple A-rated regional and national insurance companies.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

FGMK Insurance is an independent insurance brokerage that connects clients with multiple A-rated regional and national insurance carriers. The firm sells commercial insurance, entertainment and media insurance, employee benefits/group health benefits, private risk management/personal lines, and specialized UAV/UAS drone insurance through a consultative sales approach with in-house claims management.

Product overview

FGMK Insurance is an insurance brokerage firm offering a portfolio of insurance products organized into five core offerings: Commercial Insurance (covering property, liability, workers comp, cyber, professional liability, and specialty lines like aviation and ocean marine), Entertainment and Media Insurance (covering artists, film production, music groups, venues, and special events), Employee Benefits/Group Health Benefits (medical, dental, vision, life, disability, and voluntary benefits with compliance and administration services), Private Risk Management/Personal Lines Insurance (covering homes, autos, jewelry, fine art, yachts, aircraft, and personal umbrella), and UVA/UAS Drone Insurance (specialized drone coverage). The company acts as a broker partnering with multiple A-rated national and regional insurance carriers to find best-fit coverage for clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Insurance Comprehensive commercial insurance products including property, general liability, product liability, business auto, workers compensation, umbrella/excess, builders risk, inland marine, crime and bonds, fiduciary liability, cyber liability, errors and omissions/professional liability, directors and officers liability, keyman life insurance, pollution liability, aviation and ocean marine, and international coverage. Targeted at businesses of all sizes seeking tailored commercial coverage.
• Entertainment and Media Insurance Specialized insurance coverage for the entertainment and media industry including artists and entertainers, film, concessionaires, promoters and producers, short-term productions, special events, touring and theater groups, venues and music groups, commercial music, producers, music libraries, film production, DICE policies, film and entertainment, and professional liability. Targeted at composers, film producers, music libraries, production companies, artists, entertainers, venues, and other entertainment industry professionals.
• Employee Benefits / Group Health Benefits Employee benefits and group health insurance programs including medical, dental, vision, life, disability, long-term care, and voluntary benefits. Services include plan design, compliance management (ACA, COBRA, ERISA, HIPAA, SPDs), funding structure optimization, employee communications, and ongoing administration. Targeted at employers ranging from individual plans to large group plans.
• Private Risk Management / Personal Lines Insurance Personal insurance products protecting homes, rental properties, automobiles, special collections, and personal liabilities. Coverage includes homes, condos and co-ops, vacation houses, short-term rentals, jewelry and fine art collections, automobile, collector and antique autos, yachts and personal watercraft, aviation (private aircraft), life insurance, family offices, domestic work comp, group personal excess, personal umbrella and excess liability, and travel medical evacuation. Targeted at affluent individuals and families seeking comprehensive personal insurance coverage.
• UVA/UAS Drone Insurance Specialized insurance coverage for UAV/UAS drone operations, tailored to cover unique business risks associated with unmanned aerial vehicles. Targeted at businesses operating commercial drone fleets requiring tailored aviation liability and hull coverage.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• A-rated Insurance Carriers (Regional and National)coreOthersFGMK Insurance has contracted relationships with multiple A-rated insurance company partners, both regional and national carriers. These partnerships enable FGMK to find the best fit for their clients' needs across various insurance verticals.

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Aon: Global professional services firm offering insurance brokerage and reinsurance. Competes with FGMK across commercial P&C, benefits and HNW advisory lines with substantially greater scale and global footprint.
• Arthur J. Gallagher & Co. Large publicly-traded insurance brokerage with deep specialty practices including entertainment and media, closely aligned with FGMK's verticals and competing on mid-market commercial and entertainment placement.
• Marsh McLennan: Global insurance brokerage and risk advisory powerhouse with Marsh, Guy Carpenter and Mercer. Comparable to FGMK as the dominant incumbent in commercial P&C placement, against which FGMK competes for mid-market commercial accounts.
• USI Insurance Services: Large middle-market insurance brokerage with property/casualty, employee benefits and personal lines practices. Comparable to FGMK in serving mid-market commercial and benefits clients across multiple verticals.
• Lockton Companies: World's largest independent insurance brokerage, with strong specialty practices including entertainment. Comparable to FGMK in operating as an independent broker with specialty entertainment and commercial capabilities, but at much larger scale.

Direct peers

• Hub International: North American insurance brokerage with strong mid-market commercial, personal lines and benefits practices. Closely mirrors FGMK's hybrid commercial/benefits/personal multi-vertical broker model.
• Burns & Wilcox: Specialty insurance wholesale brokerage and managing general agent focusing on excess and surplus lines. Comparable to FGMK in placing specialized commercial risks with multiple carrier partners.
• RPS (Risk Placement Services): Specialty insurance broker placing complex and excess/surplus lines for retail agents. Comparable to FGMK's broker-of-record placement model with similar carrier relationships across commercial specialty lines.
• Brown & Riding Insurance Services: Boutique wholesale brokerage and retail broker specializing in entertainment, media, and specialty commercial lines. Highly comparable to FGMK's boutique model with a similar entertainment/media focus and multi-vertical specialty approach.
• Media Insurance Brokers (MIB): Boutique brokerage specializing in entertainment, media and production insurance. Highly comparable to FGMK's entertainment vertical, competing for the same film, music and production clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/FGMKINS
• LinkedInlinkedin.com/company/1769518
• Xx.com/FGMKInsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 FGMK Insurance