About Skar Insurance Group
Skar Insurance Group is a Financial Services company based in Grand Rapids (United States) founded in 2015, and was acquired by Union Bay Risk Advisors in February 2024. Trucking insurance coverage is provided in multiple U.S. states. Skar Insurance Group offers products and services including Personal Insurance and Business Insurance. Its focus areas include Insurance Carriers, Property & Casualty and Auto. Its legal entity is Union Bay Risk Advisors LLC. Its competitors include Hagerty, HDVI and Cover Whale; 3 of its 3 listed competitors have raised funding.
Company details
Skar Insurance Group was established in 2015 in Grand Rapids, United States, focusing on the trucking insurance sector. Coverage solutions for truckers are delivered across several states, drawing on over 40 years of family-owned operational experience. Daily interactions with clients inform rate structures and policy options. Acquisition by Union Bay Acquisition LLC occurred recently, broadening presence in specialized trucking insurance.
- Headquarters Grand Rapids, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website skarinsurance.com
- Social LinkedIn
- Acquired by Union Bay Risk Advisors (Feb 2024)
- Legal Name Union Bay Risk Advisors Llc
- Investors
- Acquired byUnion Bay Risk Advisors
(Feb 2024)
Products & Services of Skar Insurance Group
Skar Insurance Group offers a comprehensive portfolio of products and services, including Personal Insurance and Business Insurance.
Covers homes, cars, and personal property from risks.
Protects businesses from liability and operational risks.
Investors in Skar Insurance Group
Skar Insurance Group has secured backing from 1 investor. Prominent investors backing the company include Union Bay Risk Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers insurance advice and policies for personal and business protection through partnerships. | 2020 | unionbayrisk.com | Princeton, United States |
Investor details for Skar Insurance Group
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Timeline of Skar Insurance Group
2 dated milestones of Skar Insurance Group across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Skar Insurance Group is founded.
- Exit Acquired by Union Bay Risk Advisors.
Competitors of Skar Insurance Group
Skar Insurance Group has 3 listed competitors in our database, 3 of them funded. They include Hagerty, HDVI and Cover Whale.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hagerty.com | 1983 | Traverse, United States | $212.5M | Automotive insurance solutions are provided to vehicle users. | ||
| hdvi.com | 2018 | Chicago, United States | $88.5M | 82 | Telematics-based data & monitoring solutions for auto insurers and fleet owners | |
| coverwhale.com | 2019 | Rancho Santa Margarita, United States | $83M | Commercial truck insurance is provided for wholesale and retail sectors. |
Detailed competitors of Skar Insurance Group
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Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Skar Insurance Group (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Skar Insurance Group
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Frequently Asked Questions about Skar Insurance Group
Skar Insurance Group was founded in 2015.
Skar Insurance Group is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
Skar Insurance Group was established in 2015 in Grand Rapids, United States, focusing on the trucking insurance sector. Coverage solutions for truckers are delivered across several states, drawing on over 40 years of family-owned operational experience. Daily interactions with clients inform rate structures and policy options. Acquisition by Union Bay Acquisition LLC occurred recently, broadening presence in specialized trucking insurance.
Skar Insurance Group's top competitors include Hagerty, HDVI and Cover Whale.
Skar Insurance Group offers Personal Insurance and Business Insurance.
Skar Insurance Group has 1 investor. Key investors include Union Bay Risk Advisors.
Skar Insurance Group operates through Union Bay Risk Advisors Llc.
Yes. Skar Insurance Group was acquired by Union Bay Risk Advisors in February 2024.