trmg | the risk management group
TRMG is a privately held Florida-based insurance brokerage and advisory firm providing personal, commercial, employee benefits, and PEO/Human Capital Management services, managing over $100 million in annual premium since its 2012 founding.
- Company typePrivate
- Founded2012
- HeadquartersMiami, United States
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
What trmg | the risk management group does
TRMG (The Risk Management Group, Inc.) is a privately held, Florida-based insurance brokerage and advisory firm founded in 2012 by Frank Acosta in Miami. The company operates a full-service, multi-line insurance and workforce solutions platform spanning four core product pillars: Personal Insurance (homeowners, auto, umbrella, flood, yacht, and personal aircraft), Commercial Insurance (property, casualty, workers' compensation, professional liability, D&O, cyber, surety, and specialty construction/real estate/hospitality lines), Employee Benefits (group health, dental, vision, disability, life, and 401K), and PEO/Human Capital Management services delivered through the TRMG Workforce Solutions division (payroll, HR administration, recruiting, training, risk management, and benefits management). The firm also operates a specialty Aviation & Aerospace Insurance line covering hull, liability, drone operators, airport general liability, and airshow coverage. Ancillary community-facing programs include the Concierge referral network, Rewards referral incentives tied to charitable donations, and a Community Cause initiative.
The business operates on a commission-based brokerage model, earning revenue from insurance carriers for policy placement across P&C and benefits lines, supplemented by professional-services fees from its PEO/HCM division. Distribution is hybrid: licensed agents and account executives drive direct consultative sales through phone, online quote forms, and in-person consultations at five Florida offices, while community-led channels (Concierge Program, Rewards Program, Community Magazine, and social media) generate lower-cost leads and brand awareness. No proprietary platform, SDK, API, or app is referenced, indicating reliance on standard industry tooling. The firm holds CCPA certification for privacy compliance.
TRMG serves commercial businesses of all sizes, individual and family clients, aviation industry participants (operators, airports, maintenance facilities, drone companies), and businesses seeking outsourced HR/payroll services. The geographic footprint is concentrated entirely within Florida, with offices in Miami (headquarters and secondary office), Deerfield Beach, Davie, and St. Petersburg. Leadership is founder-led under Frank Acosta (President & CEO), with Genir Ruiz leading Workforce Solutions, Juan Carlos Bellon leading Employee Benefits, and Melissa Acosta as Vice President. The company has scaled to over $100 million in managed annual premium and has expanded its service portfolio through strategic acquisitions into Employee Benefits and HCM, positioning itself as a one-agency solution for insurance and workforce needs across South Florida.
trmg | the risk management group firmographics
Firmographics- Name
- trmg | the risk management group
- Legal name
- The Risk Management Group, Inc.
- Website
- https://trmginsures.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Short description
- TRMG is a privately held Florida-based insurance brokerage and advisory firm providing personal, commercial, employee benefits, and PEO/Human Capital Management services, managing over $100 million in annual premium since its 2012 founding.
- Ownership category
- akta.pro rank
trmg | the risk management group industry classification
Industry- Product category
- Insurance Brokerage and Risk Management
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Professional Employer Organizations (561330)
- SIC
- Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industry
- Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH)
Keywords
Where trmg | the risk management group is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
trmg | the risk management group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Insurance Brokerage Commissions: TRMG acts as an insurance broker placing policies with insurance carriers. The company earns commissions from carriers for placing insurance coverage including property & casualty, personal lines, employee benefits, and specialty lines such as aviation.
- PEO and Human Capital Management Services: Professional Employer Organization services including payroll administration, HR services, benefits management, and risk management. Revenue generated through service fees for HCM outsourcing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Quote-based insurance pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
trmg | the risk management group product offering
Product offeringCore offering
TRMG is a full-service insurance brokerage placing Property & Casualty, Employee Benefits, Aviation, and Personal Insurance policies with carriers, earning brokerage commissions. The firm also operates a Professional Employer Organization (PEO) / Human Capital Management division called TRMG Workforce Solutions providing payroll, HR, benefits administration, talent management, and HR compliance services. Combined, the company delivers end-to-end risk management and workforce solutions to individuals, families, and businesses primarily in Florida.
Product overview
TRMG is a full-service insurance brokerage and advisory firm offering an integrated portfolio of insurance and workforce solutions. The company operates four core product lines: (1) Personal Insurance covering homeowners, automobile, umbrella, flood, watercraft, aircraft and valuable items; (2) Commercial Insurance spanning property, casualty, liability, workers compensation, professional lines, construction, real estate and specialty risks like cyber and trade credit; (3) Employee Benefits including group health, dental, vision, disability, life insurance and 401K retirement plans; and (4) PEO/Workforce Solutions providing HR services, payroll administration, recruiting, training and HR technology. TRMG Workforce Solutions serves as the HCM division managing payroll, benefits, talent, compliance, and compensation services. The firm also offers Aviation & Aerospace Insurance as a specialty line covering hull, liability, airports, drones, and airshows. Ancillary programs include Concierge (business referrals), Community Cause (nonprofit donations), and Rewards (referral incentives). The company manages over $100 million in premium annually and positions itself as a one-agency solution for all insurance and workforce needs.
Differentiator
Problem solved
Functional benefit
Brands
- TRMG Workforce Solutions: A dedicated division offering comprehensive Human Capital Management (HCM) services including payroll management, benefits administration, talent management, HR compliance, HR technology solutions, employee relations, training and development, workforce planning, compensation management, and HR consulting services.
Products and services
- Personal Insurance Comprehensive personal insurance covering homeowners, automobile, umbrella liability, flood, windstorm, renters, jewelry, fine arts, watercraft, and personal aircraft for individuals and families.
- Commercial Insurance Broad commercial insurance portfolio including business owners, general liability, auto, workers compensation, professional liability, D&O, EPLI, builders risk, construction, real estate, hospitality, retail, manufacturing, and marine insurance.
- Employee Benefits Group health, dental, vision, short- and long-term disability, life insurance, and 401K retirement planning services for employers and individuals.
- PEO Services Professional Employer Organization services encompassing HR, payroll administration, risk management, employer liability, benefits management, payroll tax administration, recruiting, training, and workers compensation management.
- Aviation & Aerospace Insurance Specialized aviation coverage including hull and liability for fixed-wing and helicopter fleets, airport general liability, aerospace products liability, maintenance facilities liability, UAV/drone operators, and airshow liability.
- TRMG Workforce Solutions Dedicated Human Capital Management division offering payroll management, benefits administration, talent management, HR compliance, HR technology solutions, employee relations, training and development, workforce planning, compensation management, and HR consulting services.
- Alternative Risk / Captive Insurance Self-insurance solutions for businesses with high liability exposure, allowing companies to insure themselves against property damage, liability, workers compensation, and product liability risks.
- Cyber Liability Insurance Protection against data breaches, cyber attacks, and online threats including investigation costs, legal fees, and financial losses from cyber incidents.
- Trade Credit Insurance Protection for business receivables against customer payment defaults, helping secure financing and expand business operations.
- Surety Bonds Three-party agreements guaranteeing contract performance with financial guarantee for principals and obligees.
- Analytics & Modeling Data analysis and modeling services to help businesses understand customer behavior, manage risk more effectively, and improve operational efficiency.
- Private Equity / M&A Advisory Advisory services for companies pursuing private equity funding or M&A transactions, including capital raising, market expansion, and strategic restructuring.
Quantifiable outcome
- Over $100 million in premium managed annually
Companies that use trmg | the risk management group
Customer profileSegments4 records
Ideal customer profiles3 records
trmg | the risk management group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
trmg | the risk management group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- Brian Auerbach | PaycorminorPaycor is a trusted partner to more than 40,000 small and medium-sized businesses, offering modern recruiting, HR and payroll solutions. TRMG includes Paycor in their Concierge Program directory as a recommended local business partner for professional services.
- Melissa Egusquiza | Bank of AmericaminorCommercial banker with 15 years of experience offering financial solutions including SBA loans, commercial real estate mortgages, and equipment financing. Listed in TRMG's Concierge Program directory as a recommended local business partner.
- Oscar Aguiar | ADPminorADP partner offering payroll services and HR management solutions. Listed in TRMG's Concierge Program directory as a recommended local business partner for HR and payroll services.
- Sam Klein | ModTrussminorModTruss offers custom temporary building solutions. Listed in TRMG's Concierge Program directory as a recommended local business partner.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
trmg | the risk management group competitors and assessment
Company assessmentBroad incumbents
- Brown & Brown, Inc. Large publicly traded insurance brokerage headquartered in Daytona Beach, Florida, with deep P&C, employee benefits, and specialty practices across the U.S. Highly comparable as a Florida-rooted brokerage competing for the same regional commercial and personal accounts as TRMG, but operating at far greater scale.
- Hub International: PE-backed insurance brokerage and advisory platform with strong P&C, employee benefits, and specialty practices across North America. Comparable as a multi-line brokerage competitor pursuing M&A to expand regional density in markets like Florida.
- Acrisure: PE-backed, tech-enabled insurance brokerage that has rapidly consolidated regional agencies. Comparable as a direct competitor in M&A-driven brokerage roll-up, especially for Florida-based tuck-in targets adjacent to TRMG.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with significant U.S. middle-market and specialty practices. Highly comparable in product breadth (P&C, benefits, risk advisory, aviation/specialty), though operating at substantially larger scale than TRMG.
- Marsh McLennan: Global insurance brokerage and risk advisory firm. Comparable as a full-service risk management, insurance placement, and benefits competitor to TRMG, particularly relevant for complex commercial accounts and aviation/specialty risks.
- Lockton Companies: Largest privately held insurance brokerage in the U.S., with strong specialty and benefits practices including aviation. Comparable as a private, full-service brokerage competitor with overlapping specialty (aviation) and benefits capabilities.
Direct peers
- Insurance Office of America: Florida-based privately held insurance agency offering P&C, employee benefits, and risk management to businesses and individuals. Closest peer on geography, scale, and product breadth to TRMG, including community-driven growth and multi-office Florida presence.
- World Insurance Associates: PE-backed national insurance brokerage that has aggressively rolled up regional agencies across P&C, benefits, and specialty lines. Directly comparable to TRMG in business model and acquisition-driven growth playbook, though at materially larger scale post-IPO.
- Insperity: Publicly traded PEO and HCM provider offering payroll, benefits, HR, and risk management to SMBs. Directly comparable to TRMG Workforce Solutions division in service mix and target SMB client, though at significantly larger national scale.
Emerging players
- Justworks: PEO/HCM platform providing payroll, benefits, and HR compliance to SMBs, increasingly bundling insurance placement. Comparable to TRMG Workforce Solutions in target customer and product scope, with a more technology-led delivery model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
trmg | the risk management group social profiles
Digital presencetrmg | the risk management group compliance and trust
Trust signalCompliance1 record
trmg | the risk management group financial estimates
Financial estimateRevenue estimate
Valuation estimate
trmg | the risk management group leadership team
Management profileNumber of profiles
Profiles7 records
trmg | the risk management group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
trmg | the risk management 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 trmg | the risk management group
What does trmg | the risk management group do?
TRMG is a full-service insurance brokerage placing Property & Casualty, Employee Benefits, Aviation, and Personal Insurance policies with carriers, earning brokerage commissions. The firm also operates a Professional Employer Organization (PEO) / Human Capital Management division called TRMG Workforce Solutions providing payroll, HR, benefits administration, talent management, and HR compliance services. Combined, the company delivers end-to-end risk management and workforce solutions to individuals, families, and businesses primarily in Florida.
Is trmg | the risk management group a public or private company?
trmg | the risk management group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was trmg | the risk management group founded?
trmg | the risk management group was founded in 2012.
Where is trmg | the risk management group based?
trmg | the risk management group is headquartered in Miami, United States, in the North America region.
How does trmg | the risk management group make money?
Two revenue lines are on record. Insurance Brokerage Commissions are the primary driver. The others are PEO and Human Capital Management Services.
Who are trmg | the risk management group's main competitors?
Broad incumbents on record are Brown & Brown, Inc., Hub International, Acrisure, Arthur J. Gallagher & Co., Marsh McLennan and Lockton Companies. Direct peers are Insurance Office of America, World Insurance Associates and Insperity. Justworks is listed as an emerging player.
Does trmg | the risk management group have an API?
No public API is recorded for trmg | the risk management group.
What industry is trmg | the risk management group in?
trmg | the risk management group's product category is Insurance Brokerage and Risk Management. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAIAFAH, Association & PEO Group Health Plans (AHP/PEO-Sponsored). Its NAICS code is 5242 and its SIC code is 6411.