PRESS RELEASE: Rhodes Risk Advisors Blasts Off With $750M of Property Insurance Placed in First 6 Months

Atlanta, GA – Rhodes Risk Advisors, a commercial property and casualty insurance brokerage based in Atlanta, announced that it has placed more than $750 million of property insurance coverage, worth approximately $4.5 million in premiums, during its first six months of operations. Rhodes’s current business is focused on the Southeastern U.S., and with 50-state licensing the company offers nationwide capability. Rhodes is devoted to the use of technology in support of best-in-class customer service. To date, Rhodes has attracted business primarily from the multifamily real estate and entertainment sectors.
Rhodes’ trophy deal this year was the placement of insurance on The Resort at Pembroke Pines, a 1,520-unit, 190-building, 84.5-acre residential community in Pembroke Pines, Florida, which Rhodes’s client Carroll Organization acquired in June of this year and is rebranding as “ARIUM Resort.” The ARIUM Resort deal is among the largest single-asset real estate transactions in the U.S. for 2013, and the largest in Florida. Carroll Organization is one of the country’s leading privately-held real estate companies focused on multifamily investment, management, and development. In addition to ARIUM Resort, Rhodes has worked with Carroll Organization to insure their entire portfolio, delivering significant premium reductions to the property ownership.
Rhodes also placed coverage for the development of a 280-acre film studio in Georgia. With Georgia’s tax credit incentive bringing an abundance of film production to the state, Rhodes is positioned to be one of the leading film and entertainment insurance brokers. Rhodes has access to all of the major insurance markets that provide coverage for this industry. This includes being one of a select group of brokers across the country to have access to the only non-captive insurer of Film Completion bonds.
“We founded Rhodes to fill what we saw as a void for companies looking for a combination of highly personalized service and helpful high-tech tools in the insurance industry,” said Mike Davis, President of Rhodes. “We’re pleased to announce our volume to date, which we see as a vote of confidence in our approach to the insurance business. With the launch of Rhodes, we’ve been fortunate to attract talent from larger regional firms, and new business from leading companies in the real estate, entertainment, and technology industries. We look forward
to further expanding our business model on a national basis, making the best use of technology to serve our clients.”
“Mike Davis and the Rhodes team are doing insurance right,” added M. Patrick Carroll, Founder and Chief Executive Officer of Carroll Organization. “Their use of technology makes our lives easier at Carroll Organization, where we’re acquiring and managing large, complex, high-value assets that require the best insurance solutions. There truly is a spectrum of service in the insurance industry and we’ve found Rhodes to be the best.”
About Rhodes Risk Advisors
Rhodes Risk Advisors is a property and casualty insurance brokerage based in Atlanta, Georgia. Rhodes focuses on delivering client-centric services, implementing insurance programs custom tailored to fit the clients’ needs. Rhodes uses the most innovative solutions to help reduce our clients’ overall cost of risk management, improving their bottom-line revenue. Using the most sophisticated technology in the industry, Rhodes provides clients with 24-hour access to print certificates, initiate claims, and make changes to their policy data. Providing clients with ease of doing business is the basis of Rhodes growth and success. Fully licensed in all 50 states, Rhodes Risk Advisors is experienced in placing insurance nationwide, with no geographical boundaries.