K2 Insurance Services LLC has announced the completion of the acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM).

MARM, based in Omaha, Neb., is a farm- and agriculture-focused agency that distributes specialty insurance products through independent agents and brokers. MARM is one of the largest program managers of coverage for center pivot irrigation sprinklers in the U.S. MARM underwrites insurance products on behalf of members of Great American Insurance Group, The Travelers Indemnity Co. and Century Insurance Group.

For more than 20 years, MARM has been a family-owned business providing property and casualty insurance products for the agricultural community. MARM said it leverages its product expertise and broad geographic spread to produce superior underwriting results in a historically volatile line of business. MARM will continue to distribute its Center Pivot and Farm Owners Package products, as well as other complementary product offerings from K2 partner companies, to its network of 400-plus sub-producers. In addition, MARM will focus on partnering with carriers who seek to mitigate their exposure to the volatility these risks present.

MARM founder and president Paul Friskopp will continue on as president of MARM going forward. Kerry Besnia, formerly of Great American Insurance Group, has joined MARM to help facilitate the future growth of this program. This acquisition complements other K2 target acquisitions in the agriculture industry.

K2 Insurance Services is a privately held specialty insurance services holding company that owns and controls a diverse set of program administrators, retail agencies and an A.M. Best A- rated insurance carrier. Through these entities, K2 markets, underwrites and services more than a half-billion dollars annually in niche commercial and personal insurance premiums.

Since its formation in 2011, the company has grown to become a significant player in the specialty insurance market and continues to grow through new acquisitions and organically. K2 is headquartered in San Diego, Cal. Additional information is available at www.k2ins.com.