Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced it has acquired Risk Management Advisors, a Long Beach, California-based leader in developing, designing and administering captive insurance programs and self-insured plans. Terms of the deal were not disclosed.
Founded in 2004, Risk Management Advisors (RMA) operates nationally helping companies and organizations in a variety of industries develop innovative alternative approaches to managing their risks, protecting their operations, and reducing their overall cost of risk. Client industries that RMA serves range from manufacturing, trucking, and contractors to auto finance, staffing, restaurant groups, and commercial property owners, among many others.
“Constructing a compliant captive insurance program and operating it for maximum effect is not a sideline task, it requires focus,” said Wesley Sierk, President and Co-Founder, RMA. “Risk Strategies’ understands that specialty focus is what brings clients real value, which makes it a perfect partner as we seek to grow.”