Combination Creates ‘Powerhouse’ in Bay Area, Strengthening Risk Strategies’ Expertise In Employee Benefits, Private Client Personal Lines, and Property & Casualty
SAN FRANCISCO, July 14, 2015 – Risk Strategies Company, a national insurance brokerage and risk management firm, today announced the expansion of its San Francisco presence with the acquisition of MacCorkle Insurance Service, a full service employee benefits and property/casualty insurance brokerage and consulting firm headquartered in Burlingame.
The acquisition of MacCorkle Insurance Service brings increased expertise and scale to Risk Strategies’ growing employee benefits, private client personal lines, and property/casualty capabilities. The combination of MacCorkle with Risk Strategies’ existing San Mateo operation leverages the skills and knowledge of over 100 professionals to offer a more robust and broader array of risk and insurance solutions for the clients of both firms. Bernard Lauper, CEO; and Keith Fujishige, Principal and their respective teams, will remain with the combined firm. The terms of the deal were not disclosed.
“MacCorkle has been a noted Bay Area insurance advisor and broker for nearly 50 years, focusing on employee benefits, high net-worth personal lines, and property/casualty for technology firms,” said Lauper. “Through our integration with Risk Strategies, we can continue to offer our specialized insurance consulting with greater resources behind us to better serve our clients.”
"We are thrilled to have Bernard, Keith and their team join us,” said John O’Neill, Senior Managing Director at Risk Strategies Company in San Mateo. “The merger of these two significant operations creates a real powerhouse in the Bay Area. Our private client, employee benefits’ and P&C capabilities will now be more robust and offer a wider array of expertise in these areas."
MacCorkle Insurance Service provides comprehensive health and welfare benefits, property/casualty, and private client personal lines brokerage/consulting services to help control costs and maximize available resources. Specializing in risk and insurance solutions for technology companies, financial institutions, real estate firms, and high net-worth individuals, among others, MacCorkle is noted for its technical expertise and commitment to service excellence.
About Risk Strategies Company
Risk Strategies Company is a privately-held, national firm with 18 offices across the country. As a leading U.S. insurance broker, the company offers sophisticated risk management advice and insurance placement for property/casualty, and employee benefits risks. Risk Strategies serves middle-market commercial companies, non-profits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies Company, recently recognized as a 2015 Pacesetter by the Boston Business Journal, has wide-ranging capabilities and specialists in many insurance areas, including professional liability, higher education, real estate, entertainment, fine arts, financial services, social services/non-profits, entertainment, healthcare, and private equity. Risk Strategies is supported by Kohlberg & Company, L.L.C., a New York-based private equity firm specializing in middle-market investing.
Kate McCary and Jocelyn Miller