Enterprise Risk Associates LLC has acquired Hamann Insurance Group LLC of Katy, Texas, in a transaction that closed on June 17, 2026, giving the Macquarie-backed brokerage platform its first presence in the state. Terms were not disclosed.
Hamann Insurance Group has operated in the Houston area for more than 45 years, building a niche practice placing coverage for homeowners' associations and condominium communities. Founder Dennis Hamann will stay on in his role after the deal closes. The agency runs out of Katy and San Antonio with a staff of roughly 11 to 50, and its licensing footprint spans six states — Texas, Colorado, New Mexico, Louisiana, Missouri and Utah — extending Enterprise Risk Associates' reach well past the Houston metro area rather than adding a single regional book.
Enterprise Risk Associates chief executive Adam Wolper described the transaction as establishing the platform's initial entry into the Texas market, pointing to Hamann's standing in HOA and condominium placement as setting the agency apart within that segment.
Enterprise Risk Associates is headquartered in Tarrytown, New York, and was funded in 2024 through a combination of KZ Capital — the family office tied to the Karfunkel-Zyskind family — and Lamberg Management Inc., the family office of the Lamberg family. The Karfunkel-Zyskinds are a longstanding name in the US insurance sector, having grown AmTrust Financial Services into a large commercial carrier before a 2018 take-private transaction executed jointly with Stone Point Capital. Enterprise Risk Associates then drew on a financing line of up to $150 million arranged in December 2025 with Macquarie Capital Principal Finance, earmarked for continued dealmaking. That capital has already backed the May 2026 purchase of Insurance Solutions of America in Oviedo, Florida, and now the Hamann transaction, taking the platform's roster to nine agencies.
The purchase lands amid a slower stretch for brokerage consolidation. First-quarter 2026 deal volume came in at 148 agency transactions according to OPTIS Partners, the weakest opening quarter since 2016 and a tenth straight quarter under the long-run average, after full-year 2025 deal activity fell 12% from 2024 levels. Yet within that shrinking pool, buying power has concentrated: MarshBerry figures put private capital-backed acquirers behind about 70% of the 241 transactions logged through May 2026, a pattern that favors well-funded platforms of Enterprise Risk Associates' scale even as the broader market contracts.
The HOA specialty carries added weight given the state it operates in. Community Associations Institute data puts the number of HOA communities in Texas above 21,500, more than any other state, and those associations have absorbed much of the same pressure squeezing individual homeowners — carriers pulling back and premiums climbing on storm and hail exposure. Research cited by the Federal Reserve Bank of Dallas shows Texas homeowner premiums rising more than 55% from 2019 to 2024, a hardening trend that has raised the value of specialized placement knowledge for boards and unit owners working through renewals.
For Enterprise Risk Associates, that combination of a concentrated buyer market and sustained rate pressure on a large, specialized customer base makes the Hamann book a defensible anchor for its Texas presence, built around clients already absorbing renewal costs shaped by carrier exits and hardening property rates.
