Keyes Protection Acquires Filer Insurance coverage: Bolstering South Florida Dominance
In a transfer underscoring its aggressive growth within the Sunshine State, Keyes Protection—a Tamarac, Florida-based insurance coverage brokerage and Keystone Company Companions platform—introduced on November 6, 2025, the acquisition of Filer Insurance coverage, a storied Miami company based in 1919. This deal, the most recent in Keyes’ string of buys, enhances its footprint within the aggressive South Florida market, mixing Filer’s century-old group ties with Keyes’ trendy danger administration experience. Monetary phrases weren’t disclosed, but it surely aligns with Keyes’ technique of snapping up legacy companies to scale operations amid rising demand for specialised protection in a hurricane-prone area.
Deal Highlights
- Strategic Match: Filer Insurance coverage, helmed by CEO Joe Filer, focuses on private and industrial traces with deep roots in Miami-Dade County. Its founder, Henry H. Filer, was a long-serving Dade County College Board chairman, infusing the company with a service-first ethos. The acquisition permits Keyes to combine Filer’s shopper base—emphasizing training sector and high-net-worth people—into its broader portfolio of property/casualty, worker advantages, and development surety.
- Progress Momentum: As Keyes nears its fiftieth anniversary in 2025, this marks its thirteenth+ acquisition since partnering with Keystone in 2022. The agency has doubled in dimension over three years, now boasting 110+ professionals throughout six Florida areas, with revenues surging on the again of post-pandemic insurance coverage wants.
- Quotes from Principals:
- David Ragno, CEO of Keyes Protection: “This acquisition marks a big milestone… We’re excited to construct on Filer Insurance coverage’s legacy and proceed to serve the group with even higher assets.”
- Joe Filer: “Keyes Protection shares our dedication to delivering distinctive service and progressive merchandise.”
Keyes Protection’s Acquisition Monitor Document
Keyes has been on a shopping for spree, concentrating on complementary companies to fortify its statewide presence. This is a snapshot of latest offers:
| Date | Acquired Company(ies) | Location | Focus Areas | Notes |
|---|---|---|---|---|
| Nov 2025 | Filer Insurance coverage | Miami | Private/industrial traces; group/training focus | Legacy agency since 1919; enhances Miami-Dade ops. |
| Jun 2024 | A&C Insurance coverage & Suntree Insurance coverage | Melbourne space | Industrial (30+ yrs) & private traces | eleventh/twelfth buys; doubles north Florida attain. |
| Jun 2023 | Bogani Insurance coverage Options & Offering Life | South Florida | P/C, well being, life | Bolsters worker advantages; previous to this, acquired three extra in Mar 2023 (Gaylor, My Florida Dealer, Laudanno). |
| Dec 2022 | Amsley Insurance coverage & Parkland Insurance coverage Advertising | Orlando/Kissimmee | House/auto/enterprise | Entry into Higher Orlando; family-values alignment. |
| Jun 2022 | Keystone partnership (majority stake) | Tamarac (HQ) | Company P/C, private traces | Bain Capital-backed; kickstarts trendy progress period. |
This sample displays Keystone’s playbook: Inject capital and tech into independents for “outsized progress,” per their mannequin. With Florida’s insurance coverage market reeling from 2024’s storms (claims up 25%), such consolidations assist companies like Keyes supply resilient, tailor-made options—assume flood endorsements and cyber riders.
Broader Implications
For shoppers, count on seamless transitions with expanded provider entry and digital instruments from Keyes. Business watchers see this as a bellwether for M&A in insurance coverage: Valuations hover at 2-3x income amid expertise shortages and regulatory shifts (e.g., Florida’s tort reforms). Keystone, based in 2020 with Bain Capital, now spans 100+ companions nationwide, eyeing extra Solar Belt performs.
For those who’re in Florida insurance coverage, this might imply contemporary choices—attain out to Keyes at keyescoverage.com for a quote. What’s your learn: Good consolidation or saturation danger?