EPIC Insurance Acquires E. Broox Randall & Sons
EPIC Insurance Brokers & Consultants has expanded its presence in the Southern California high-net-worth market through the acquisition of E. Broox Randall & Sons Inc. The boutique agency, which has operated since 1922, specializes in complex personal and commercial risks. This move is part of a broader strategy by EPIC to strengthen its Private Client practice, which has been scaling its geographic footprint since late 2024.
The acquisition integrates Randall’s personal lines book into EPIC Private Client, while its commercial small business accounts will transition to EPIC Main Street and the firm’s existing Los Angeles commercial operations. Richard M. Bryant, who has led Randall Insurance since 1988, noted that the merger allows the firm to retain its client-focused service model while leveraging the national resources and expertise of a larger brokerage.
The deal comes as the Southern California insurance landscape faces significant challenges. Following the January 2025 wildfires, admitted carriers have increasingly retreated from the region, forcing more high-value residential placements into the surplus market. This environment has elevated the importance of specialist brokers who possess deep local knowledge and established carrier relationships. Kevin Daley, president of EPIC Private Client, emphasized that the firm targets acquisitions with an existing local footprint that align with its approach to the high-net-worth sector.
This transaction follows a series of regional expansions by EPIC. The firm previously acquired Chicago-area firms Phillips Bros. Insurance Agency, Chartwell Insurance, and Price Insurance to bolster its North Shore presence. Additionally, in September 2026, EPIC acquired the Michigan-based Korotkin Insurance Group. With over 3,000 employees and approximately $1.4 billion in revenue, EPIC is focusing its investment strategy on markets where it already maintains established capabilities.
The growing disparity between the rising number of affluent individuals—the U.S. added over 440,000 new millionaires in 2025 according to the UBS Global Wealth Report 2026—and the shrinking availability of admitted carriers suggests that consolidation in the brokerage space will likely continue. For industry stakeholders, this trend underscores a shift where retail agents increasingly rely on national brokers with specialist capacity to secure coverage in markets vacated by standard carriers.
Why it matters
As admitted carriers continue to retreat from high-risk regions, the consolidation of specialist boutique agencies by national firms like EPIC highlights a critical shift in how high-net-worth insurance is placed and managed.
FAQ
What happens to Randall Insurance's existing accounts?
Randall’s personal lines book will join EPIC Private Client, while its commercial small business accounts will be managed through EPIC Main Street and EPIC’s broader Los Angeles commercial operations.
Why is the Southern California insurance market considered difficult?
Following the January 2025 wildfires, admitted carriers have retreated from the region, pushing more high-value residential placements into the surplus market.
What is EPIC's strategy for acquisitions?
EPIC focuses on acquiring firms that share its approach to the high-net-worth space, possess an established local presence, and are located in markets where EPIC already has existing capabilities.
Source: Insurance Business America. See the original source for full details.
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