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Media Coverage

Apr 8, 2020

INTERVIEW: Forced retroactive business interruption ‘not same’ as TRIA

Intelligent Insurer

“They won’t just say ‘hey, sure we’ll pay all that’. They are also going to fight to the death.” Mike Vitulli, senior vice president and director of Risk Strategies.

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Apr 7, 2020

Risk Strategies Issues Public Comment on Centers for Medicare & Medicaid Services Proposed Rule

Insurance News Net

Matt Smith, executive vice president of Risk Strategies, Minneapolis, Minnesota, has issued a public comment on the Centers for Medicare and Medicaid Services' proposed rule entitled "Medicare and Medicaid Programs: Contract Year 2021 and 2022 Policy and Technical Changes to the Medicare Advantage Program, Medicare Prescription Drug Benefit Program, Medicaid Program, Medicare Cost Plan Program, and Programs of All-Inclusive Care for the Elderly".

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Apr 6, 2020

Business Moves

Insurance Journal

Risk Strategies, UNIRISC

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired UNIRISC Inc., a specialist in the global relocation insurance and risk management needs of corporate personnel and private individuals moving domestically and overseas.

Founded in 1972 and based in Arlington, Va., UNIRISC’s clients include Fortune 100 companies spanning the automotive, financial, pharmaceutical, insurance, service, manufacturing, communications, technology and relocation industries. UNIRISC’s services include claims and bespoke relocation assistance to mitigate the risk and complexity of relocation.

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Apr 6, 2020

How Agents Can Help Small Business Clients Navigate Cyber

Insurance Journal 

Panelists opened the hour-long discussion on a positive note, stating there has been an uptick in small and medium-sized businesses that recognize their cyber insurance needs and are purchasing coverage.

“We’ve certainly seen an uptick in small business customers,” said Rob Rosenzweig, national cyber risk practice leader at Risk Strategies. “With the growth of ransomware, I think the individual small businesses have realized how impactful that can be to their direct business.”

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Apr 6, 2020

12 Strategies For Conducting Effective Stay Interviews

Forbes

Some businesses have a system implemented where they set up exit interviews when employees leave. While these can be useful, they don't focus on retaining the business's talent. In this competitive atmosphere, letting a talented employee go to a competitor could spell disaster for the business.

Stay interviews try to focus on what the enterprise could do to help the employee remain with the company. To help companies interested in recovering their talent before they leave, 12 professionals from Forbes Human Resources Council explore the strategies they use in similar situations and why they work so well at keeping…

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Apr 3, 2020

COVID-19 prompts a host of questions for workers compensation cover

Advisen

“OSHA says you have a duty to provide a safe workplace,” said Michael Vitulli, director of risk management services at Risk Strategies.

In assessing how to ensure safety in the workplace, he added, it’s unlikely that most non-healthcare industries considered the current situation in the planning, even with data available about the impact of the SARS outbreak.

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Mar 27, 2020

COVID-19 and business interruption: Are you and your business covered?

New England Real Estate Journal

Emerging in Wuhan, a city in China’s Hubei province, in late December, the outbreak of the novel coronavirus (COVID-19), a never-before-seen respiratory illness, it has swept through the country, already infecting hundreds of thousands there, according to the Centers for Disease Control. While the Chinese New Year holiday break that started on Jan. 24 was set to end a customary week later on Jan. 30, Beijing’s State Council postponed the reopening of some institutions until Feb. 2 in an effort to contain the viral outbreak, and said the reopening of schools for the spring semester…

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Mar 27, 2020

Insuring Waste, Recycling Operations is Risky, Especially During a Pandemic

Waste360

Pam Caron, senior vice president of waste and recycling practice for Risk Strategies Company, also says her clients have asked about business interruption coverage during the COVID-19 pandemic.

“We have been getting inundated internally and externally with questions around insurance coverage,” she tells Waste360. “With COVID-19, the biggest concern right now that I am seeing from a coverage standpoint is business interruption coverage, which is part of a property policy. If there is a massive fire or natural disaster, they have business interruption coverage, which really covers the transfer stations and recycling facilities, etc.” 

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Mar 26, 2020

Architecture Firms Under Threat of Ransomware Attacks

Architechtural Record

“We’ve seen two to three times the usual number of breaches, most frequently ransomware attacks, in the last two weeks,” says Robert Rosenzweig, national cyber risk practice leader at Risk Strategies, a large national insurance brokerage.

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Mar 26, 2020

Pandemic exclusions standard, but not universal, for business insurance

S & P Global

While pandemic exclusions in typical business interruption insurance policies make them contractually immune to COVID-19 losses, some coverage in the marketplace could be exposed.

Peter Fallon of Risk Strategies began responding to coverage inquiries from insureds before the coronavirus reached U.S. shores, often examining policy language line by line. Since 2006, standard policy forms have exempted losses from disease outbreaks, but many policies leave daylight for interpretation, said Fallon, who is senior vice president and head of property at the broker.

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Mar 24, 2020

The Art Market Adjusts: Insurance implications for fine art collectors and exhibitions

WithersWorldwide.com

People are definitely experiencing an interruption in their businesses; however, in our experience, the Business Owners or Package policies will likely not respond because there needs to be a “physical loss or damage” claim to trigger business interruption. The virus is not causing a physical loss or damage to peoples’ space, thus the policy will likely not respond.

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Mar 24, 2020

‘Federal forum’ ruling could cut defense costs, D&O rates

Business Insurance

Iyan G. Alfredson, senior vice president and co-national practice leader of executive liability at Risk Strategies Inc. in Chicago, said, “D&O rates have skyrocketed” since the Cyan decision, but “should certainly drop” as companies modify their charters to reflect the federal forum provision.

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Mar 23, 2020

Ransom attackers set sights on financial sector ‘big game’

Financial Times

“Over the past two years ransomware has become far and away the most frequent attack that bad actors are initiating,” says Rob Rosenzweig, cyber practice leader at insurance broker Risk Strategies.

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Mar 23, 2020

How to Manage Risk in a Hardening Market

Insurance Journal 

A financial market that’s in correction territory, coronavirus pandemic fears and an insurance industry hard market for the first time in years. Are these issues related or becoming more so? What’s an insured to think right now?

The rapidly hardening insurance market is the result of several factors that can be summed up by saying that we’re paying today for our prior sins. The industry has had persistent high loss ratios since 2013, primarily caused by an increase in frequency of severe property and liability losses and spiraling litigation costs with ever higher jury awards.

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Mar 20, 2020

Medical malpractice carriers giving, getting leeway in face of COVID-19 pandemic

S&P Global

Medical malpractice insurers have responded with flexibility as their clients deal with liability concerns produced by the COVID-19 pandemic.

That flexibility has included advice on which treatments can or cannot be covered, as well as easing coverage restrictions on telehealth and staffing issues.

Chris Zuccarini, managing director of healthcare for Risk Strategies Inc. said carriers like Doctors Co. An Interinsurance Exchange and Berkshire Hathaway Inc. subsidiary Medgroup Inc. are communicating with their insureds and trying to help any way they ca

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Mar 13, 2020

Advisen ‘Claims in every form of coverage’: Coronavirus set to test insurers

Advisen

The insurance impacts of the coronavirus pandemic remain unclear, but experts agree that the effects will reverberate through the industry and economy for years to come.

In addition to disruptions faced by businesses of all kinds, insurers and brokers also face significant questions about coverage from customers, likely in nearly every line of business. With travel restrictions in place not only by private employers but also governments, businesses are scrambling to determine not only the effect on business but also potential insurance reimbursement.

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Mar 13, 2020

Coronavirus Closures Pose Refund Quandary

Inside Higher Education

“Because colleges are sending students home as a preventative measure, not because of an event that triggers coverage under their property or business interruption policy, these refund claims will likely not be covered,” Bret Murray, who leads higher education strategy at Risk Strategies Company

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Mar 13, 2020

When Big Events Get Canceled Due to the Coronavirus, Who’s on the Hook?

The Wall Street Journal

Mary Beth Ryan, senior vice president at Boston-based insurance brokerage Risk Strategies, said about half of her clients opted for communicable diseases cover. Companies have been calling in recent weeks to ask her if their insurance covers communicable diseases. The coverage would likely be triggered if the event was supposed to take place in a state that has issued bans on large gatherings, assuming it meets size criteria, she said.

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Mar 12, 2020

Arceo.ai launches ransomware assessment and response service

Insurance Business

Last year, Arceo.ai collaborated with Risk Strategies to help launch the latter’s Cyber Resolute risk mitigation platform, which combines Arceo.ai’s data analytics technology with insurance underwritten through Risk Strategies’ partnership with Berkley Cyber Risk Solutions.

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Mar 12, 2020

Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention

Insurance Journal

December Risk Strategies Acquires New England-Based Subsidiaries of Gowrie Holdings: Privately-held Risk Strategies (a Top 100 Agency

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Mar 12, 2020

Risk Strategies recapitalizes with new investment from private equity firm

Insurance Business

National insurance broker and risk management firm Risk Strategies has announced its completion of a recapitalization transaction, which includes a new equity investment from funds managed by private equity firm Kelso & Company.

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Mar 12, 2020

Changing benefits to fit the multigenerational workforce

Employee Benefit Adviser

Even though the digital revolution has changed the way HR operates, and how benefits are communicated and offered, the future of advising shouldn’t solely revolve around tech solutions, said panelist Zain Hasan, managing director at Risk Strategies Company and one of Employee Benefit Adviser’s 20 Rising Stars in Advising of 2020.

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Mar 12, 2020

Risk Strategies acquires captive manager, gains international presence

Business Insurance

The deal builds on Risk Strategies’ acquisition of California-based captive manager Risk Management Advisors Inc. in 2019 and follows the earlier purchase of Sparks, Maryland-based captive consultancy Oxford Risk Management Group in 2018.

It adds both onshore and offshore capabilities in multiple domiciles, as well as licenses in 10 U.S. jurisdictions, Risk Strategies said in the statement.

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Mar 12, 2020

Risk Strategies snaps up captive manager Atlas Insurance

Verdict

The companies did not reveal the financial details of the transaction.

Founded 18 years ago, Atlas specialises in the formation and management of captive insurance firms.

Risk Strategies CEO John Mina said: “As traditional insurers become more selective in their coverage and premiums rise, innovative alternatives such as captives are increasingly important in creating cost-effective ways to manage and mitigate client risk.

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Mar 12, 2020

Risk Strategies acquires- Atlas Insurance Management

Captive Insurance Times

Risk Strategies has acquired Atlas Insurance Management as part of its purchase of Atlas Group Limited and its affiliated entities.

Atlas Insurance Management focuses on the formation and management of captive insurance companies. It also forms and operates a number of its own insurers, including protected cell companies (PCC), making cells available to captive clients and acting as fronting insurers as well as pooling reinsurers.

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Mar 12, 2020

Risk Strategies acquires Atlas Insurance Management

Insurance Business

Risk Strategies has announced its acquisition of Atlas Insurance Management, as part of the former’s purchase of Atlas Group Limited and its affiliated entities.

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Mar 12, 2020

Risk Strategies Acquires Atlas Insurance Management of North Carolina

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Atlas Insurance Management of North Carolina, a company that works on the formation and management of captive insurance companies.

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Mar 12, 2020

Atlas chairman eyes growth opportunities under Risk Strategies umbrella

Captive International

Atlas has 27 people spread over two offices, in the Cayman Islands and North Carolina. It is proud of the expertise it already had at its disposal, and its ability to offer captive management services to its clients. But Atlas believed the time was right to become part of a bigger organisation. “There comes a point when it helps to be part of something bigger,” said Eveleigh. 

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Mar 12, 2020

Around the P&C insurance industry: March 11, 2020

PropertyCasualty360

The Insurance Industry Charitable Foundation (IICF) announced the dates of its 2020 Women in Insurance Conference Series Regional Forums and invite all interested insurance professionals to register. Focused on the theme of Beyond Gender: Inclusion, Leadership and Innovation, these one-day conferences will continue the conversation on how insurance professionals can collaborate to advance diversity,

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Mar 12, 2020

People & Places: Sharon Edwards

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has appointed Sharon Edwards as chief operating officer. She will join the firm’s executive committee and lead its operating committee, immediately assuming oversight and management responsibilities for national operations.

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Mar 12, 2020

The Big Reason Why Show Business Isn’t Prepared to Tackle a Coronavirus Pandemic

Hollywood Reporter

When entertainment industry executives set plans for spring 2020, they foresaw tens of thousands of people grouped together to watch sports competitions, musical concerts and other communal events. They expected red carpet premieres, film festivals and trade shows. Meanwhile, more movies and TV shows than ever before were budgeted for production amid a thriving economy of content. Then came the COVID-19 outbreak. Hardly anyone saw that coming. Not even the individuals whose jobs it was to assess risk.

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Mar 9, 2020

Are Any Colleges Insured Against Coronavirus Fallout?

Inside Higher Ed

Some property insurance plans contain sublimits -- caps on payouts for a specific type of loss -- for outbreaks and pandemics. As long as the college meets its deductible, it could file a claim for pandemic-related damages and be reimbursed up to the policy’s sublimit. A typical $500 million property insurance plan could include a $1 million pandemic damages sublimit, according to Bret Murray, who leads higher education strategy at Risks Strategies Company, a national insurance brokerage and risk management firm.

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Mar 9, 2020

Risk Strategies adds captive manager following Atlas Group purchase

Reinsurance News

US insurance broker and risk management firm Risk Strategies has acquired captive specialist Atlas Insurance Management.

The acquisition is a result of Risk Strategies’ purchase of Atlas Group and its affiliated entities.

In addition to managing captive insurance entities, Atlas Insurance Management forms and operates a number of its own insurers.

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Feb 19, 2020

Risk Strategies Acquires Virginia’s UNIRISC

Insurance Journal

Founded in 1972 and based in Arlington, Va., UNIRISC’s clients include Fortune 100 companies spanning the automotive, financial, pharmaceutical, insurance, service, manufacturing, communications, technology and relocation industries. UNIRISC’s services include claims and bespoke relocation assistance to mitigate the risk and complexity of relocation.

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Feb 10, 2020

Private Equity Still Driving Agency M&As

Insurance Journal 

The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most of the busiest buyers are private equity backed.

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Feb 10, 2020

Risk Strategies Acquires Aviation Insurance Broker

Aviation International News

Transport Risk Management, a Colorado-based broker specializing in aviation-related insurance and risk management, has been acquired by national insurance brokerage Risk Strategies. “Risk Strategies’ success is built on specialty expertise and the value it delivers to clients facing complex risks,” said Risk Strategies CEO John Mina. “[Travel Risk Management] is a dead-on fit for our business, and its focus is an area in which we’re seeing an increased need.”

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Feb 8, 2020

6 strategies for tackling emerging risks in 2020

University Business

From new Title IX requirements to cybersecurity threats, higher ed leaders must be proactive.

Colleges have a wide spectrum of emerging risks that need to be managed in the coming year, from new Title IX requirements to cybersecurity concerns.

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Feb 5, 2020

Around the P&C insurance industry: Feb. 5, 2020

PropertyCasualty360

“Around the P&C insurance industry: Feb. 5, 2020

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Feb 5, 2020

Risk Strategies buys aviation broker

Business Insurance

Risk Strategies Inc. has acquired Transport Risk Management Inc., Risk Strategies said in a statement Tuesday.

Based in Conifer, Colorado, Transport Risk specializes in coverage for the aviation, aerospace and aircraft operations and activities.

The acquisition of Transport Risk includes wholesale capabilities with the firm’s managing general agent authority for its specialty drone program, the statement said.

 

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Feb 5, 2020

8 People on the Move

Risk & Insurance 

Risk Strategies promotes two employees to executive vice presidents; all of this and more in this edition of People on the Move.

 

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Jan 31, 2020

Surviving the hard market: Now is the time to review your insurance coverage - by Spencer Macalaster

New England Real Estate Journal

Historically the insurance marketplace was predictably cyclical. The markets went from hard to soft then back to hard again. Every 5 – 7 years the cycle repeated itself. Over the last 25 years however, there has been a dramatic change in this cyclical behavior. The soft market cycle has been around for over 8 years and recently the market has turned much harder. Rates are increasing across most property and casualty lines in high double digits.

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Jan 29, 2020

Risk Strategies Acquires Weaver Bros. Insurance Associate

Washington D.C. Citybizlist

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Weaver Brothers Insurance, Inc., a full-service brokerage based in Bethesda, Maryland and one of the largest independent insurance brokerages in the Washington, D.C. area.

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Jan 29, 2020

Risk Strategies Acquires Maryland’s Weaver Brothers Insurance

Insurance Journal

Risk Strategies, a Boston, Mass.-based, privately held national insurance brokerage and risk management firm, has acquired Weaver Brothers Insurance Inc., a full-service brokerage based in Bethesda, Md.

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Jan 29, 2020

Comings & Goings: Tracy Hoffman

Business Insurance

Risk Strategies Co. Inc. named Kent, Connecticut-based Tracy Hoffman executive vice president of its national health care practice. Previously, Ms. Hoffman was senior vice president.

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Jan 29, 2020

Comings & Goings: Matthew Smith

Business Insurance

Risk Strategies Co. Inc. named Seattle-based Matthew Smith executive vice president of its national health care practice. Previously, Mr. Smith was senior vice president.

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Jan 29, 2020

Risk Strategies taps two company veterans as EVPs

Insurance Business

Risk Strategies has announced the promotions of Tracy Hoffman and Matthew Smith to executive vice presidents of its national healthcare practice. Hoffman and Smith previously served as senior vice presidents.

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Jan 29, 2020

Risk Strategies promotes makes two healthcare execs EVPs

Intelligent Insurer

Risk Strategies has promoted two to the position of executive vice president within its national healthcare practice.

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Jan 28, 2020

Risk Strategies promotes two in its national health care practice

Captive International 

Risk Strategies has promoted Tracy Hoffman and Matthew Smith to be executive vice presidents of its national health care practice. 

Both Hoffman and Smith previously served as senior vice presidents. 

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Jan 28, 2020

Risk Strategies promotes Hoffman, Smith to EVP of healthcare practice

Reinsurance News

US insurance broker and risk management firm Risk Strategies has promoted Tracy Hoffman and Matthew Smith to executive vice president of its National Health Care Practice.

Both Hoffman and Smith previously served as senior vice president within the organisation.

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Jan 28, 2020

Massachusetts’ Risk Strategies Promotes Hoffman, Smith as Executive Vice Presidents

Insurance Journal

Risk Strategies, a Boston, Mass.-based, privately held national insurance brokerage and risk management firm, has promoted Tracy Hoffman and Matthew Smith as executive vice presidents of its National Health Care Practice. Previously, both Hoffman and Smith served as senior vice presidents within the organization.

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Jan 27, 2020

Business Insurance UpClose: Sharon Edwards

Business Insurance

NAME: Sharon Edwards

NEW JOB TITLE: Nashville, Tennessee-based chief operating officer, Risk Strategies Insurance Brokerage Services LLC

PREVIOUS POSITION: Nashville, Tennessee-based chief financial officer of corporate risk and broking, North America, Willis Towers Watson PLC

 

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Jan 21, 2020

Sarah Lawrence College Tackles Rising Faculty Healthcare Costs - Becomes First New York Institution to Join edHEALTH’s Purchasing Collaborative

edHEALTH

“We look for creative solutions for our higher education clients, where faculty and staff healthcare costs typically represent the second or third biggest expense,” said Sheena Tracy, managing director of Risk Strategies, which helps colleges identify opportunities in the insurance and healthcare sector. “The edHEALTH team is enthusiastic and well-versed in the industry. As soon as they established a national provider network option—the Trustmark Health Benefits administrator option—it opened new opportunities for our client, Sarah Lawrence, to join and benefit from the collaborative.”

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Jan 21, 2020

Risk Strategies purchases student health insurance plan administrator Academic HealthPlans

Insurance Business 

Risk Strategies has acquired Academic HealthPlans (AHP), a national administrator of health insurance plans for colleges and universities.

Founded in 1998, Grapevine, TX-based AHP has been providing an “intuitive and streamlined student and administrator experience” thanks to its use of innovative processes and technology, a release said. The firm serves more than 150 colleges and universities across the US.

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Jan 21, 2020

Risk Strategies acquisition targets student health services

Reinsurance News

US insurance broker and risk management firm Risk Strategies has announced the acquisition of Academic HealthPlans, Inc. (AHP), a firm that creates and administers health insurance plans that colleges and universities make available to its students.

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Jan 16, 2020

Risk Strategies acquires student health insurance provider

Captive International 

Risk Strategies’ acquisition builds on its 2017 purchase of University Health Plans. With the addition of Texas-based AHP to the business, which counts over 150 colleges and universities nationally of all sizes as clients, Risk Strategies is the largest broker of student health insurance plans and related administrative services in the US. 

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Jan 16, 2020

Risk Strategies Acquires Academic HealthPlans in Texas

Insurance Journal

National insurance brokerage and risk management firm, Risk Strategies, has acquired Academic HealthPlans Inc. (AHP), a Grapevine, Texas-based provider of health insurance plans that colleges and universities make available to their students.

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Jan 15, 2020

Title IX Changes Could Add Exposure for Universities, Discourage Victims from Coming Forward

New England Board of Higher Educcation 

Higher Ed and the Law …

Title IX, the federal civil rights law passed in 1972, was a landmark piece of legislation that prohibited sexual discrimination in educational institutions across America. It reads, “No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance.”

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Jan 13, 2020

5 People on the Move

Risk & Insurance

National insurance brokerage and risk management firm Risk Strategies announced that it has appointed Sharon Edwards as chief operating officer. She will join the firm’s executive committee and lead its operating committee, immediately assuming oversight for national operations.

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Jan 13, 2020

Industry Trends to Exploit for 2020

Insurance Journal

A really nice mid-sized national broker, Risk Strategies, is based out of Boston. They did 25 deals in 2019, which was one of their biggest years. They are being more selective in buying agencies with specific niches, like employee benefits, healthcare, real estate and transportation agencies. In 2020, they expect to do another 20 to 25 transactions.

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Jan 13, 2020

People on the move in the P&C insurance industry: Jan. 10, 2020.”

PropertyCasualty360

National insurance brokerage and risk management firm Risk Strategies announced that it has appointed Sharon Edwards as chief operating officer. She will join the firm’s executive committee and lead its operating committee, immediately assuming oversight for national operations.

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Jan 9, 2020

Former Willis CFO Edwards Appointed COO of Risk Strategies in Tennessee

Insurance Journal 

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has appointed Sharon Edwards as chief operating officer. She will join the firm’s executive committee and lead its operating committee, immediately assuming oversight and management responsibilities for national operations.

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Jan 9, 2020

Risk Strategies appoints industry veteran as new COO

Insurance Business

Insurance brokerage and risk management firm Risk Strategies has announced the appointment of Sharon Edwards as chief operating officer.

In her new role, Edwards will join the firm’s executive committee and lead its operating committee, assuming oversight and management responsibilities for national operations. She will report to John Mina, chief executive officer of Risk Strategies, and lead improvements in client experience, with a focus on consistent associate experience

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Jan 9, 2020

Former Willis exec Edwards named Risk Strategies COO

The Insurer

Expansive US broker Risk Strategies has named former Willis Towers Watson executive Sharon Edwards as COO.

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Jan 8, 2020

WTW exec Edwards to join Risk Strategies as COO

Reinsurance News

US insurance broker and risk management firm Risk Strategies has appointed Sharon Edwards as Chief Operating Officer.

Edwards, who will join the firm’s executive committee and lead its operating committee, assumes immediate oversight and management responsibilities for national operations.

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Jan 8, 2020

Risk Strategies appoints COO

Business Insurance

Risk Strategies Insurance Brokerage Service LLC said Tuesday it has named Sharon Edwards to the new position of chief operating officer.

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Jan 8, 2020

Comings & Goings: Sharon Edwards

Business Insurance

Risk Strategies Inc. named Nashville, Tennessee-based Sharon Edwards chief operating officer. Previously, Ms. Edwards was chief financial officer for Willis Towers Watson PLC

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Dec 13, 2019

Risk Strategies acquires retail and wholesale marine specialty businesses

Captive International 

Risk Strategies has acquired the two subsidiaries of Gowrie Holdings: Gowrie Group (Gowrie), a full-service national specialty retail insurance brokerage; and Maritime Program Group (MPG), a marine-focused managing general agent (MGA). 

 

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Dec 13, 2019

Risk Strategies acquires Gowie Holdings’ insurance subsidiaries

Reinsurance News

US insurance broker and risk management firm Risk Strategies has acquired two subsidiaries of Gowrie Holdings in a move aimed at bolstering the capabilities of the firm’s national private client practice.

The acquisitions include both Gowrie Group, a full-service national specialty retail insurance brokerage, as well as Maritime Program Group, a marine-focused managing general agent.

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Dec 12, 2019

Risk Strategies Acquires Insurance Subsidiaries of Gowrie Holdings, Inc

Global Banking & Finance Review

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired the two subsidiaries of Gowrie Holdings, Inc. (GHI). The acquisitions include both Gowrie Group (Gowrie), a full-service national specialty retail insurance brokerage with an established leadership reputation for niche insurance programs, as well as Maritime Program Group (MPG), a marine-focused managing general agent (MGA). Together, Gowrie and MPG are the largest recreational marine insurance specialists in the U.S.

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Dec 12, 2019

Risk Strategies boosts marine presence with Gowrie acquisition

The Insurer

Risk Strategies has acquired insurance program brokerage Gowrie Group and marine managing general agent Maritime Program Group (MPG), which together are the largest recreational marine insurance specialists in the US.

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Dec 11, 2019

Risk Strategies acquires Gowrie Holdings subsidiaries

Verdict’s Life Insurance International

US-based insurance brokerage Risk Strategies has acquired two of Gowrie Holdings subsidiaries, Maritime Program Group and Gowrie Group for an undisclosed amount.

Gowrie was established in 1974 by Carter Gowrie. It currently employs around 80 personnel in five offices in the Northeast.

Risk Strategies’ CEO John Mina said: “We’re excited to bring Carter and his people on board as we further differentiate Risk Strategies from generalist firms.

“Their scale in specialisation, both in its retail and wholesale businesses, will add significantly to our current businesses and provide a great base for growth.”

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Dec 11, 2019

Risk Strategies Acquires New England-Based Subsidiaries of Gowrie Holdings

Insurance Journal

Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired the two subsidiaries of Gowrie Holdings Inc. (GHI).

The acquisitions include both Gowrie Group, a full-service national specialty retail insurance brokerage with an established leadership reputation for niche insurance programs, as well as Maritime Program Group (MPG), a marine-focused managing general agent (MGA). Together, Gowrie and MPG are the largest recreational marine insurance specialists in the U.S.

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Dec 11, 2019

Risk Strategies makes recreational marine buys

Business Insurance

Broker Risk Strategies Co. Inc. has acquired the two subsidiaries of privately held Gowrie Holdings Inc., Risk Strategies said in a statement Tuesday.

The acquired entities are Gowrie Group, a specialty retail insurance brokerage, and Maritime Program Group, a marine-focused managing general agent, which together form the largest recreational marine insurance specialists in the U.S., Boston-based Risk Strategies said in the statement. Gowrie Holdings is based in Darien, Connecticut.

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Dec 6, 2019

Amazon’s Business Model Is Wreaking Havoc Across the Insurance Industry

Risk & Insurance

According to Mike Vitulli, senior vice president and director of risk management, Risk Strategies, Amazon often avoids liability from shipping accidents by employing independent contractors.

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Nov 22, 2019

Risk Strategies continues acquisition streak

Captive Insurance Times

Risk Strategies has acquired Thomas McGee group, a Missouri-based brokerage that specialises in large accounts, group and single-parent captives and focused risk management services.

Thomas McGee Group has been in the alternative risk transfer market since the 1980s, the firm has formed and managed self-insured pools as well as placements for excess programmes, loss portfolio transfer programmes, claim reserve analysis, programmes for individual clients and other alternative risk financing and management strategies.

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Nov 22, 2019

Risk Strategies acquires Missouri brokerage Thomas McGee Group

Reinsurance News

Risk Strategies, a privately held US insurance broker and risk management firm, has acquired Thomas McGee Group, a US full-service insurance brokerage headquartered in Missouri.

TMG, with specialty capabilities for large accounts, group and single parent captives, and focused risk management services, also enjoys a national reputation in the surety business, underwriting customised programs for the construction industry.

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Nov 22, 2019

Risk Strategies snaps up Missouri-based insurance brokerage TMG

Insurance Business

Risk Strategies has acquired Thomas McGee Group (TMG), a full-service brokerage based in Missouri. Terms of the deal were not disclosed.

TMG is a firm with specialty capabilities for large accounts, group and single parent captives, in addition to risk management services. It has been in business for more than 100 years and is one of the preeminent insurance brokerages in the Midwest, a release said.

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Nov 20, 2019

People on the Move

Risk & Insurance

Risk Strategies names Michael Grant its employee benefits practice leader and more in this edition of People on the Move.

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Nov 20, 2019

Risk Strategies continues buying spree with Thomas McGee Group deal

Life Insurance International

US-based insurance brokerage Risk Strategies has purchased Missouri-based Thomas McGee Group (TMG) for an undisclosed amount.

Founded in the 1970s, TMG is an insurance brokerage and risk management firm based in Kansas City in Missouri and also has a presence in St. Louis.

Risk Strategies’ CEO John Mina said: “In a very active acquisition market, we remained focused on bringing on board only those firms with a culture and expertise focus that will advance our goal of becoming a best-in-class specialty brokerage.

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Nov 20, 2019

Risk Strategies adds Missouri-based brokerage to its growing stable

Captive International

Risk Strategies has acquired Thomas McGee Group (TMG), a Missouri-based full service brokerage with specialty capabilities for large accounts, group and single parent captives, and focused risk management services. 

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Nov 20, 2019

Risk Strategies Acquires Thomas McGee Group in Missouri

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Thomas McGee Group (TMG), a Missouri-based full-service brokerage with specialty capabilities for large accounts, group and single parent captives, and focused risk management services.

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Nov 18, 2019

Risk Strategies acquires Ohio brokerage Zito Insurance Agency

Reinsurance News

Risk Strategies, a privately held US insurance broker and risk management firm, has acquired Zito Insurance Agency, a full-service insurance brokerage headquartered in Mentor, Ohio.

Established in 1963, Zito employs 36 people and provides property and casualty (P&C) and life and health insurance services to both individuals and business across a range of industries.

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Nov 18, 2019

Risk Strategies appoints employee benefits practice leader

Captive Insurance Times

Risk Strategies has named Michael Sean Grant as employee benefits practice leader for the firm’s greater New York region.

Previously, Grant was senior vice president and managing director at a New York City insurance brokerage, where he was responsible for restructuring its single employee benefits office in New York into a national practice, spanning across California, Texas and Florida.

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Nov 18, 2019

Risk Strategies appoints New York metro region employee benefits practice leader

Intelligent Insurer

Risk Strategies, a privately held US insurance brokerage and risk management firm, has appointed of 25-year industry veteran Michael Grant, as employee benefits practice leader for the firm’s Greater New York region.

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Nov 18, 2019

Risk Strategies Appoints Grant as Employee Benefits Practice Leader in New York

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has appointed 25-year industry veteran Michael S. Grant as employee benefits practice leader for the firm’s Greater New York region.

Prior to joining Risk Strategies, Grant was senior vice president and managing director at a prominent New York City insurance brokerage, where he was responsible for restructuring its single employee benefits office in New York into a national practice, spanning across California, Texas and Florida. Grant’s experience also includes ten years at a top ten national broker, where he was accountable for all facets of insurance…

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Nov 14, 2019

Risk Strategies continues buying spree with Zito Insurance deal

Life Insurance International

US-based insurance brokerage Risk Strategies has strengthened its national footprint with the purchase of Zito Insurance Agency for an undisclosed sum.

Headquartered in Mentor, Ohio, Zito was established in 1963 and employs 36 personnel.

The firm serves both individuals and businesses from different industries, offering property, casualty, life, as well as health insurance services. It also has an office at Rocky River in Ohio.

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Nov 14, 2019

Ohio’s Zito Insurance Agency Acquired by Risk Strategies

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Zito Insurance Agency, a full service firm headquartered in Mentor, Ohio, northeast of Cleveland.

Founded in 1963, Zito is a second-generation, full-service insurance brokerage firm employing 36 people and providing property and casualty and life and health insurance services to individuals and businesses across a wide array of industries. In addition to its Mentor, Ohio, headquarters, the firm also maintains an office in nearby Rocky River, Ohio.

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Nov 13, 2019

Risk Strategies expands with Ohio purchase

Business InsuranceZito has 36 staff headed by Chris Zito, a second office in Rocky River, Ohio, and clients in broadcasting, contracting, manufacturing, nonprofits and real estate, a Risk Strategies statement said.

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Nov 13, 2019

Risk Strategies expands Ohio footprint

Insurance Business

Risk Strategies, a privately held national insurance brokerage and risk management firm, has announced the acquisition of Zito Insurance Agency, a full-service firm headquartered in Mentor, Ohio. Terms of the transaction were not disclosed.

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Nov 8, 2019

Imagining How Technology Might Transform Risks and Insurance by 2030

Insurance Journal

Mina said he believes the insurance industry is already behind in harnessing what’s available in terms of technology.

“There’s too much work that we could already do just to improve the current technologies in the industry,” he said.

With this in mind, Mina thinks a revolution in the technology space is on tap for the insurance industry in the next 10 years because current software technologies are not fit to meet the industry’s growing needs.

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Nov 8, 2019

Risk Strategies names Dubraski as chief growth officer

New England Real Estate Journal

Risk Strategies’ national health care practice leader, Bob Dubraski, has been appointed chief growth officer.

In his role, Dubraski will work with leaders across all of Risk Strategies’ business units to drive collaboration and opportunities that benefit clients, while helping to meet the firm’s growth goals. Prior to joining Risk Strategies, Dubraski was founder and CEO of Dubraski & Associates Insurance Services, which he grew into one of the country’s leading health care-focused specialty insurance brokerages. Risk Strategies acquired Dubraski & Associates in 2015.

Nov 8, 2019

People on the move in the P&C insurance industry: Nov. 8, 2019

PropertyCasualty360

Risk Strategies, a privately held US insurance broker and risk management firm, has appointed Chris Powers to lead its employee benefits practice for the eastern US.

Powers, who joined Risk Strategies in 2014, holds 25 years’ experience in the insurance space and previously oversaw the New England region of the firm’s employee benefits practice.

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Nov 8, 2019

Risk Strategies appoints Powers to lead employee benefits practice

Reinsurance News

Risk Strategies, a privately held US insurance broker and risk management firm, has appointed Chris Powers to lead its employee benefits practice for the eastern US.

Powers, who joined Risk Strategies in 2014, holds 25 years’ experience in the insurance space and previously oversaw the New England region of the firm’s employee benefits practice.

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Nov 6, 2019

Player Personnel: 10 Boston Startups Hired New CEOs in October

BostInno

Boston-based risk management firm Risk Strategies promoted its national health care practice leader, Bob Dubraski, to the position of chief growth officer.

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Nov 6, 2019

Risk Strategies names benefits practice leader for eastern US

Insurance Business Magazine

Powers has nearly 25 years of industry experience. He joined Risk Strategies in 2014 with the acquisition of Benefit Development Group (BDG), a Massachusetts-based employee benefits brokerage.

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Nov 6, 2019

Risk Strategies Appoints Powers to Lead Eastern U.S. Employee Benefits Practice

Insurance Journal

Risk Strategies, a privately held, Boston, Mass.-headquartered insurance brokerage and risk management firm, has appointed Chris Powers to lead its employee benefits practice for the Eastern U.S. Previously, Powers oversaw the New England region of the firm’s employee benefits practice.

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Nov 4, 2019

U.S. Shadow Lenders See Loan Volume Slow, Quality Decline

Bloomberg

Private debt firms were tapped for at least two large transactions -- a $1.6 billion refinancing loan for insurance brokerage Risk Strategies 

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Nov 4, 2019

Risk Strategies acquires specialty brokerage Dash & Love

Life Insurance International

Risk Strategies, a US-based insurance brokerage and risk management company, has acquired Philadelphia-based specialty brokerage Dash & Love for an undisclosed amount.

Dash & Love, which was established in 1930, is family-owned specialty retail insurance brokerage.

Services offered by it include insurance placement and risk management advice to organisations and individuals and families across Pennsylvania and the tri-state area.

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Nov 4, 2019

Risk Strategies acquires specialty brokerage Dash&Love

Captive International

Risk Strategies, a privately held, national insurance brokerage and risk management firm with interests in the captives space, has acquired Dash & Love, a full-service specialty brokerage based just outside of Philadelphia.

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