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Preferred Concepts Acquires Wholesale Broker Mercator Risk Services

Posted on 08 Jun 2010

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Preferred Concepts, LLC, a national program administrator, announced it has acquired wholesale broker Mercator Risk Services.

Mercator Risk Services is now a wholly owned subsidiary of Preferred Concepts and will continue to trade under the Mercator Risk Services brand.

Preferred Concepts is a privately held organization formed in 1989. It operates out of four offices in New York City, Irvine, California and Westport and Hamden, Connecticut.

The combined company, with 85 employees in Atlanta, Hartford, New York, San Francisco and Westport, Conn., will remain headquartered in New York.