"We are excited to be a part of this landmark alliance that connects insurance brokers and private equity firms on a global scale," said Michael Marcon, chief executive officer of ERP in a statement. "With the expertise of our member brokers and our ability to access previously untapped resources, the collaborative efforts of these brokers have the ability to have a significant positive impact on private equity transactions. This venture establishes the best global alliance of insurance professionals in the private equity space."

ERP said the new alliance will allow brokers to pool their resources and talents in order to increase efficiency in due diligence using a unified approach. Through the use of cutting-edge technology, brokers around the world will respond whenever one of the members is engaged in a new deal, thereby taking advantage of the unique experiences and abilities each broker offers.

"We consider this collaboration not only a reward for our professional attitude, but also a great challenge to further materialize our excellent working relationship with member brokers worldwide," said Alexander de Waal, Managing Director, Dorens & De Waal Amsterdam.

ERP, established in 2000, currently has 40 employees with offices in Chicago and New York in addition to its San Francisco headquarters.