Media Coverage

May 17, 2022

Risk Strategies buys up ICCF

Captive International

Risk Strategies, a US specialty insurance brokerage and risk management firm, has acquired the Insurance Centre of Central Florida (ICCF), a firm primarily focused on crafting risk management solutions for private clients.

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May 17, 2022

Risk Strategies swoops for Florida agency

Insurance Business America

Specialty brokerage and risk management firm Risk Strategies has announced it has acquired The Insurance Center of Central Florida (ICCF), a firm focused primarily on providing risk management services to private clients. Terms of the transaction were not disclosed.

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May 17, 2022

Risk Strategies Acquires Insurance Center of Central Florida

Insurance Journal

Boston-based specialty insurance broker Risk Strategies has acquired The Insurance Center of Central Florida (ICCF), a property/casualty insurance and risk management agency based in Melbourne, Florida.

Terms of the deal were not announced.

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May 4, 2022

An Excess of Risk: Social Services and Nonprofits in a Pandemic World

The Rough Notes Company, Inc. 

Embezzlement. Molestation. Catastrophic weather-related losses. Contracts, agreements, cyber exposures and more are all risks that social service and nonprofit organizations face daily. Add to those risks the usual suspects: fraud, EPL exposures, even auto and property risks. As pandemic-related issues begin to ease, the social services and nonprofit space is wondering what’s next, and how long of a tail pandemic-related claims will have.

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May 4, 2022

Hollywood’s COVID safety measures aren’t going away anytime soon. Here’s why

The Seattle Times

Even with nearly 80% of Californians at least partially vaccinated, hospitalizations down from their highs and eased mask mandates, COVID-19 safety protocols on Hollywood film and TV sets are unlikely to go away soon.

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May 4, 2022

Feds outline broad cyber disclosures

Business Insurance 

Proposed U.S. Securities and Exchange Commission cybersecurity rules would provide some much-needed standardization for companies seeking to determine how much and when to reveal cyber-related intrusions to their investors, experts say.

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May 3, 2022

What cyber insurance companies want from clients

Cybersecurity Dive

Cyberattacks are a fact of life. Every organization — in fact, anyone with an internet account — has been targeted in some manner, from a phishing email to DDoS website attacks to malicious account takeovers. 

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May 3, 2022

Hollywood’s COVID safety measures aren’t going away anytime soon. Here’s why

Los Angeles Times

Even with nearly 80% of Californians at least partially vaccinated, hospitalizations down from their highs and eased mask mandates, COVID-19 safety protocols on Hollywood film and TV sets are unlikely to go away soon.

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May 3, 2022

‘The Only Way to Stop the Bleeding is to Stop Writing Policies’

The Wealth Advisor

Global warming’s effects are impacting collectors’ bank accounts, especially in disaster-prone states like California and Florida where risky conditions have become the norm.

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Apr 29, 2022

Risk Strategies grows 2021 revenue to $732mn fueled by niche-focused M&A

Inside P&C

Insurance broker Risk Strategies increased 2021 revenues 10% to $732mn, as the company capitalized on its specialty-focused inorganic growth plans, chief M&A strategist John Vaglica told Inside P&C.

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Apr 27, 2022

Risk Strategies swoops for Texas firm

Insurance Business America

Risk Strategies has announced that it has acquired Texas-based Advisor Brokerage Services (ABS), a full-service insurance brokerage and risk management consulting firm. The terms of the transaction were not disclosed.

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Apr 27, 2022

Risk Strategies boosts Texas presence with ABS buy

The Insurer

Risk Strategies has acquired full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services (ABS), which focuses on serving alternative asset management firms.

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Apr 27, 2022

M&A weekly roundup: Risk Strategies, Gallagher, Higginbotham and more

Inside P&C

Risk Strategies, a leading national specialty insurance brokerage and risk management firm, announced it has acquired full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services (ABS). Terms of the deal were not announced.

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Apr 27, 2022

Risk Strategies Acquires Advisor Brokerage Services to Expand Presence in Texas

M&A Navigator 

Boston, US-based insurance brokerage and risk management firm Risk Strategies has acquired Texas-based full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services (ABS) to expand presence in Texas, the company said.

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Apr 27, 2022

Assessing Employer Vaccine Mandates

Risk Management Magazine 

In January, the U.S. Supreme Court decided to block the federal COVID-19 vaccine mandate for large employers, leaving some companies celebrating and others questioning how to proceed. The blocked mandate would have dictated that all businesses with more than 100 employees require workers to get vaccinated or provide negative COVID test results weekly.

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Apr 22, 2022

‘The only way to stop the bleeding is to stop writing policies’: climate change is making it more expensive to insure art

The Art Newspaper

Global warming’s effects are impacting collectors’ bank accounts, especially in disaster-prone states like California and Florida where risky conditions have become the norm

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Apr 22, 2022

Risk Strategies buys broker focused on asset management

Business Insurance

Risk Strategies Co. said Thursday that it has acquired Advisor Brokerage Services LLC of Austin, Texas.

Terms of the deal were not announced.

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Apr 22, 2022

Risk Strategies Acquires Texas’ Advisor Brokerage Services

Insurance Journal

Risk Strategies has acquired full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services (ABS). Terms of the deal were not announced.

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Apr 22, 2022

Risk Strategies acquires Advisor Brokerage Services

Life Insurance International

Risk Strategies, a US-based specialty insurance brokerage and risk management firm, has acquired Advisor Brokerage Services (ABS), an insurance brokerage and risk management consulting firm.

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Apr 22, 2022

Atlas adds senior account manager

Captive Insurance Times

Atlas Insurance Management has appointed Kirsty Swink as senior account manager in the firm’s US client servicing team.

The captive management firm assists in the formation and management of captive insurance companies and alternative risk solutions in major US and offshore domiciles.

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Apr 22, 2022

Risk Strategies buys broker focused on asset management

Business Insurance

Risk Strategies Co. said Thursday that it has acquired Advisor Brokerage Services LLC of Austin, Texas. Terms of the deal were not announced.

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Apr 21, 2022

Solutions for Financing and Reimbursement of Gene Therapies

In$urance CIO Outlook

For quite some time now, Genetic Engineering has been promising to reshape the Health Care landscape and to help humanity overcome diseases and avoid health problems by providing us with the tools to manipulate two pillars of the evolution: random mutation and natural selection. 

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Apr 19, 2022

Matthew Friedson Joins Risk Strategies as Managing Director, National Life Insurance Practice Leader

Fintech & Finance News

Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced Matthew Friedson has joined as Managing Director, National Life Insurance Practice Leader. In this role, Friedson will be accountable for developing and leading the national growth strategy for the Life Insurance practice. He will focus on ensuring Risk Strategies’ teams continue to deliver the most unique, creative strategies and solutions based on each client’s unique circumstances and address all aspects of insurance and risk management needs that protect their financial futures.

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Apr 19, 2022

Risk Strategies grows private client services practice with two hires

Inside P&C

Risk Strategies has hired Tim deRosa and Eric Massi for its private client services practice.

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Apr 19, 2022

People Moves: Risk Strategies Adds deRosa, Massi; Frederick Mutual Promotes Price, White; MEMIC HIres 3 Underwriters

Insurance Journal

Boston-based specialty insurance brokerage Risk Strategies announced two hires in its Private Client Services practice. Tim deRosa has joined as chief operating officer, Private Client Services, and Eric Massi as senior vice president, West region leader, Private Client Services.

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Apr 14, 2022

Employer vaccine mandates require consideration and documentation

BenefitsPro

More than two years into the pandemic, COVID-19 is still impacting the way businesses operate and the evolution of procedures and policies. Even as pandemic-related restrictions and mask mandates begin to lift across the country, companies remain split on how to approach vaccine mandates for employees.

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Apr 14, 2022

Submission Quality in Real Estate Portfolios: The Good, the Bad and the Ugly

Independent Agent

The insurance industry has faced the most significant digital revolution in the recent decade, completely changing how real estate portfolios are underwritten, bought and sold. In a hardening market, with narrowing carrier appetites, this puts pressure on real estate transactions to be adaptive, competitive and meaningful with terms and conditions provided.

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Apr 14, 2022

Advice for Casualty Insurance Brokers: ‘Get Out of the Pajamas’

Insurance Journal

Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen’s Casualty Insights Conference said the “art of the broke needs to come back.”

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Apr 5, 2022

John Mina Reflects On Risk Strategies’ Rise From Boston Agency To National Broker

Agency Checklists

While many of our readers will know Risk Strategies based upon its national reputation as a top 10 privately held insurance broker, many may be surprised to learn that this national broker first it got its start as a Boston-based agency. With the company celebrating its 25th anniversary this year, as well as publishing an insightful State of the Market Outlook Report for 2022, Agency Checklists thought it might be the perfect time to learn more about this major agency in Massachusetts.

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Apr 1, 2022

Increasing Cyberattacks Driving Up Cyber Insurance Rates

South Florida Hospital News

It is imperative that healthcare companies carry cyber insurance; after all, protecting patients’ medical records is of the utmost importance. Unfortunately, as the threat of cyberattacks, including malware and ransomware increases, so do the rates for this essential coverage.

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Apr 1, 2022

Supply chain delays hindering the safe movement of art worldwide

Insurance Business America

The war in Ukraine and economic sanctions on Russia, the skyrocketing oil and gas prices worldwide, and the already staggering supply chain delays (triggered during the COVID-19 pandemic, but exacerbated by the conflict in Ukraine), are all hindering art from moving freely and quickly across the globe. This is causing challenges for art dealers, collectors, auction houses, and museums – all of whom rely on very controlled and risk managed methods of transportation for high-value artwork.

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Mar 30, 2022

This ‘forever chemical’ could be a game changer for environmental liability

Insurance Business America

Environmental officials announced in January 2022 that more than half a million residents of New Jersey had been exposed to dangerous PFAS chemicals through dozens of community water systems.

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Mar 25, 2022

Real estate and cyber liability

New England Real Estate Journal (NEREJ)

The past 24 months have been unprecedented with respect to society, work environments and political dictates. Entire companies pivoted to remote work environments in a matter of days. The consequential strain on the IT infrastructure was also unprecedented. One consequence of this new paradigm is system vulnerabilities were exposed. Every day a new company is added to the list of systems affected by a massive data breach. Hackers responsible for these types of security breaches can hold a company ransom or worse destroy their reputational credit. Real estate owners, developers, and asset managers are in…

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Mar 25, 2022

6 People on the Move

Risk & Insurance 

Risk Strategies hired Kimberly Fletcher to serve as senior director of benefits and retirement. In this role, Fletcher will lead the company’s health and welfare strategy, retirement plan management and wellness engagement for the employee base.

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Mar 23, 2022

Sport bans add another potential source of Russia-related insurance claims

S&P Global Market Intelligence

Insurance companies could face some cancellation claims in light of the sporting world's response to Russia's invasion of Ukraine, but they will be far more limited than what the industry experienced from events canceled or postponed by COVID-19.

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Mar 23, 2022

BBJ releases this year’s list of Fast 50 honorees

Boston Business Journal

The Boston Business Journal has released its exclusive list of 2022 Fast 50 honorees, representing the 50 fastest-growing private companies in Massachusetts.

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Mar 23, 2022

Latest acquisition boosts Risk Strategies’ analytics capabilities

Captive International

Boston-headquartered specialty broker and alternative risk program provider Risk Strategies has acquired Cambridge Advisory Group. The Pennsylvania-based business is a pharmacy, actuarial and benefits consulting firm. The deal also includes its associated entity, Health and Productivity Consulting Inc.

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Mar 23, 2022

Risk Strategies makes strategic acquisition

Insurance Business America

National specialty brokerage Risk Strategies continues its long-term acquisition streak with Cambridge Advisory Group, a pharmacy, actuarial and benefits consulting firm based in Pennsylvania. The terms of the deal were not disclosed.

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Mar 18, 2022

Ukraine crisis: potential for systemic cyber attack raises ‘great concern’

Intelligent Insurer

Conflict in Eastern Europe ratchets up cyber landscape volatility, as insurance expert warns cyber warfare will be indiscriminate.

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Mar 16, 2022

MPL rates to rise double-digits amid lackluster capacity and Covid uncertainty

Inside P&C

As some insurers leave the market, new ones are entering, sources added. Coupled with potential new capacity and pricing adequacy on the horizon, the tumultuous medmal space may see stability in the medium term, the sources said.

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Mar 16, 2022

Risk Strategies CEO: ‘We don’t have a plan to stop’

Boston Business Journal

When the coronavirus pandemic started in early 2020, the business insurance company stepped up the acquisition pace despite the lockdowns and travel restrictions, buying 18 additional firms in 2020. Last year, it acquired 32 firms — a record for the firm.

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Mar 15, 2022

News + Notes: Concentra Ventures Investments, Risk Strategies Acquires Gehring Group and More

Risk & Insurance

Specialty insurance brokerage and risk management firm Risk Strategies has acquired employee benefits and risk services consulting firm Gehring Group, Inc.

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Mar 15, 2022

Will turbulence continue for the aviation sector in 2022?

Insurance Business America

The aviation industry has overcome numerous setbacks in recent years, such as 9/11, SARS and the 2008 financial crisis.

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Mar 9, 2022

Captive numbers increase as rates rise

Business Insurance

The captive insurance sector saw increased formations and expansion of existing captives last year as companies continued to seek alternatives to the hardening commercial insurance market.

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Mar 9, 2022

Medical Directorships Come With Responsibilities, Risks

South Florida Hospital News

While it may seem that becoming the medical director of a facility is an easy way for a physician to earn extra income, the position comes with myriad responsibilities, including ones of which doctors may not be aware.

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Mar 9, 2022

Here’s the Best Strategy to Manage Claims. Hint: It’s a Little Bit Traditional and a Whole Lot of New

Risk & Insurance

Claims handling is where the promise of insurance coverage becomes a reality, and while companies may have unique ideas about some best practices, there is broader agreement about others, like the importance of communication.  

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Mar 9, 2022

NFTs Present New Challenges for Insurers

AM Best

AM Best Audio recently spoke with Mary Pontillo, national fine art practice leader at Risk Strategies, and Rob Rosenzweig, national cyberrisk practice leader at Risk Strategies, about how the non-interchangeable unit of data, which is stored on a blockchain, is insured. Following is an edited transcript of the interview.

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Feb 23, 2022

Is Ransomware Protection Even Plausible? Here’s What the Experts Say

Risk & Insurance

Companies spent $590 million on ransomware payments in the first six months of 2021 — a number that has already exceeded the $416 million paid in all of 2020, per Gallagher’s “2022 Cyber Insurance Market Conditions Report.”

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Feb 22, 2022

M&A weekly roundup: Risk Strategies, Argo Brazil, Inszone

Inside P&C

Boston-based brokerage Risk Strategies acquired the operations and assets of Joyce Insurance Group, a public works-focused firm headquartered in Pittston, Pennsylvania.

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Feb 22, 2022

Environmental Coverage Is Becoming a Bigger Player in M&A Deals. Here’s Why It’s Becoming a Necessity

Risk & Insurance

“That box gets checked early in the conversation,” said Joe Quarantello, head of the national environmental liability practice at Risk Strategies.

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Feb 22, 2022

Risk Strategies sponsors LPGA player

Insurance Business America

Specialty insurance brokerage Risk Strategies has announced that it has entered into a sponsorship of LPGA professional golfer Brittany Altomare.

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Feb 17, 2022

Risk Strategies adds Pennsylvania brokers to its group

Captive International

Risk Strategies has acquired the retail brokerage operations and assets of Pittston, Pennsylvania, headquartered Joyce Insurance Group. The sale includes Joyce Jackman Bell and Joyce Haggerty Bell.

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Feb 17, 2022

Risk Strategies acquires public works specialist Joyce Insurance Group

The Insurer

Risk Strategies has made its third acquisition announcement of 2022 with the fast-growing broker agreeing a deal for Pittston, Pennsylvania-based Joyce Insurance Group.

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Feb 17, 2022

Risk Strategies takes over retail broker Joyce Insurance Group

Life Insurance International

Continuing its acquisition streak, Risk Strategies has bought the retail brokerage operations and assets of Pittston, Pennsylvania-based Joyce Insurance Group.

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Feb 17, 2022

Risk Strategies Acquires Joyce Insurance in Pennsylvania

Insurance Journal

Specialty insurance brokerage Risk Strategies has acquired the retail brokerage operations and assets of Joyce Insurance Group and associated businesses in Pittston, Pennsylvania.

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Feb 16, 2022

Risk Strategies acquires Pennsylvania retail broker

Business Insurance

Risk Strategies Co., the trade name for RSC Insurance Brokerage Inc., said Wednesday it has acquired retail broker Joyce Insurance Group.

Terms of the deal were not disclosed.

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Feb 15, 2022

Growing NFT Marketplace Creates Exposures, Opportunities for Insurers

AM Best

Non-fungible tokens, non-interchangeable units of data stored on a blockchain, have captured the attention of art purchasers and technologists. Mary Pontillo, national fine art practice leader at Risk Strategies, and Rob Rosenzweig, the national cyberrisk practice leader at Risk Strategies, spoke about NFTs and how insurers are approaching the challenges involved in the trend.  

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Feb 15, 2022

Risk Strategies buys Florida public sector specialist The Gehring Group

The Insurer

Risk Strategies has continued its acquisitive start to 2022 with a deal to buy Florida-based employee benefits and risk services consulting firm The Gehring Group.

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Feb 14, 2022

The value of the broker

Captive Review

Mike Vitulli of Risk Strategies discusses the role of the broker when captives are part of a client’s insurance programme

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Feb 11, 2022

Risk Strategies acquires Gehring Group

Captive Insurance Times

Risk Strategies has acquired employee benefits and risk services consulting firm The Gehring Group.

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Feb 10, 2022

Risk Strategies Buys Gehring Group in Florida

Insurance Business

Risk Strategies, a national brokerage and risk management firm, announced it has acquired the Gehring Group, an employee benefits and risk consulting firm.

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Feb 10, 2022

Risk Strategies swoops for employee benefits specialist

Insurance Business America

Specialty insurance brokerage and risk management firm Risk Strategies has announced that it has acquired The Gehring Group, a Florida-based employee benefits and risk services consulting firm. The terms of the transaction were not disclosed.

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Feb 10, 2022

Risk Strategies adds Florida EB consultant to its business

Captive International

Specialty brokerage and risk management firm Risk Strategies has acquired employee benefits and risk services consultant The Gehring Group.

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Feb 10, 2022

Will cyber reach a rate ceiling in 2022? Maybe, but tough underwriting won’t let up

Advisen

After nearly a year of cyber insurance market changes, rates could begin to reach a level reflective of the risk sometime in 2022, but more stringent underwriting isn’t going anywhere, according to recent broker reports.

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Feb 9, 2022

Reasons to be ‘hopeful’ even as rates keep rising: Risk Strategies

Advisen

Property/casualty insurance rates will keep rising in 2022, but there is room for optimism as rate increases continue easing and new capacity comes into the market, according to an outlook from Risk Strategies.

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Feb 9, 2022

Risk Strategies: Captive growth to continue as clients manage rising commercial coverage costs

The Insurer

Growth in the US captive industry will continue to accelerate as the self-insurance vehicles become increasingly popular for middle market businesses looking to manage the heightened cost of cover from commercial carriers, Risk Strategies has predicted.

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Feb 8, 2022

A Highly Recommended Free Report On The Insurance Market For 2022

Agency Checklists

Agency Checklists received this week, “The State of the Market Report,” just issued by Risk Strategies. This online 55-page report focuses on the 2022 state of the insurance markets for ten industries and nine product areas. The report provides information about the developing issues facing these industries and the product lines covered in the report.

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Feb 4, 2022

Risk Strategies: “Hard” transportation market sees umbrella rates rising 100% in 2022

The Insurer

The transportation industry is staring at yet further increases in the cost of its coverage this year, with umbrella rates rising by as much as 100 percent in 2022, US broker Risk Strategies has predicted.

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Feb 4, 2022

Vaccine Mandate Update: How the Latest Legal Rulings Could Influence EPLI Coverage

Risk & Insurance

Employers who were preparing to implement vaccine or test requirements might be wondering what they should do to protect their workforce and shield themselves from EPL risk.

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Feb 4, 2022

Insurance rates expected to rise again this year

Business Insurance

Commercial insurance rates are expected to increase across most lines of coverage this year, with many sectors likely still experiencing double-digit hikes, according to a report issued Thursday by Risk Strategies Co.

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Feb 3, 2022

How To Get the Most Savings Out of Your Health Insurance

GO Banking Rates

The only thing worse than medical stress is money stress — and at the start of each new year, you get to endure both at the same time during the annual ritual of enrolling for health insurance. No one likes to do it, but few things are more consequential to your physical and financial health. 

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Feb 3, 2022

Assets, License Best Protected Through Professional Liability Insurance

South Florida Hospital News

As premiums continue to increase for professional liability coverage, a number of physicians are choosing to self-insure, or “go bare.” And while Florida law does not require physicians to have professional liability insurance, the risks far outweigh the rewards.

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Feb 2, 2022

11 Questions for Risk Strategies’ CEO John Mina

Risk & Insurance

In October, Risk & Insurance Editor-in-Chief Dan Reynolds met with John Mina, the CEO of Risk Strategies and a veteran of multiple brokerage companies. The goal of the discussion was to learn more about Mina’s vision for the direction of the company, and what he values in his workforce. What follows is a version of that conversation, which was edited for brevity and clarity.

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Jan 31, 2022

The future of risk: The cost of risk in a changing market - by Mark Manzi

New England Real Estate Journal

The past year was defined by an unprecedented number of varied natural catastrophes, political and social unrest, COVID-19 variant concerns, supply chain crisis and surging ransomware attacks. As we enter 2022 and look to the future, the cost of risk in our dynamic environment will be determined by how insurance carriers underwrite these risks and how businesses evolve and manage their risks.

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Jan 21, 2022

Disability as Relief for COVID Long-Haulers

Leader's Edge

Employers need to decide what their philosophy is for taking care of the people who are working for them. When they look at what is impacting their employees’ lives, peoples’ ability to draw income is one of the things that is first and foremost.

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Jan 19, 2022

Risk Strategies buys New Mexico broker

Las Cruces, New Mexico-based Burke specializes in the surety bond, construction, and oil and gas sectors in New Mexico and West Texas, Risk Strategies said in a statement.

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Jan 5, 2022

Social Inflation Influencing Lawsuits, Verdict Amounts

South Florida Hospital News

As the legal saying goes, there are three sides to every story: the plaintiff’s side, the defense’s side, and the truth, which is somewhere in the middle. And while courts and juries used to be able to come to a conclusion based on the facts, in these days of social inflation, perception is often just as important as reality.

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Jan 3, 2022

Lack of nonfungible token insurance coverage ‘inexcusable’ as market expands

S&P Global

Nonfungible tokens have grown in popularity in 2021, generating millions in sales, but there is very little insurance for this burgeoning market.

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Dec 23, 2021

People Moves: Promotions at Zurich North America, Cross Insurance; Risk Strategies Hires Bryant

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, hired Steve Bryant as managing director and higher education risk management leader.

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Dec 22, 2021

Vaccine mandates may fuel rise in employment practices claims

Business Insurance

Ongoing uncertainty over COVID-19 vaccine mandates may trigger an increase in discrimination and retaliation claims against employers next year, according to employment practices liability insurance experts.

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Dec 21, 2021

Risk Strategies appoints higher education expert

Captive International

US specialty insurance brokerage and alternative risk program provider Risk Strategies has appointed Steve Bryant has joined as managing director and lead of its risk management practice for higher education. 

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Dec 21, 2021

Risk Strategies bolsters higher education risk management team

Captive Insurance Times

Risk Strategies has appointed Steve Bryant as managing director, higher education risk management leader.

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Dec 21, 2021

People Moves: New Hires at Alliant, TMPAA, Risk Strategies

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, hired Steve Bryant as managing director and higher education risk management leader.

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Dec 21, 2021

Business Moves

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired insurance and employee benefits agency Meeker Sharkey & Hurley.

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Dec 21, 2021

Special Report: The Charity Issue

Insurance Journal

Through the Risk Strategies Foundation, the company provides financial support for programs, organizations and families in the communities where it does business, and employees are encouraged to actively participate in charitable activities in their local communities with paid time off for community service.

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Dec 15, 2021

Around the P&C insurance industry: December 15, 2021

PropertyCasualty360

Risk Strategies acquired full-service insurance and employee benefits agency Meeker Sharkey & Hurley. Terms of the deal were not announced.

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Dec 15, 2021

Risk & Insurance News + Notes: Swiss Re Estimates Global Insured Catastrophe Losses to Reach $112 Billion in 2021

Risk & Insurance

In 2021, insured losses from natural disasters exceeded the previous 10-year average, continuing a trend of annual rises in losses seen in recent decades.

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Dec 15, 2021

Risk Strategies acquires Fournier Group

Reinsurance News

Specialty insurance brokerage and risk management firm, Risk Strategies, has acquired Fournier Group, a full-service commercial and personal lines retail insurance agency.

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Dec 13, 2021

Rising Star Rebecca LaFazia Shares Her Advice for Young Industry Professionals Just Beginning Their Careers

Risk & Insurance

Come see the Stars! As part of our ongoing coverage of the best brokers in the commercial insurance space, Risk & Insurance®, with the sponsorship of Philadelphia Insurance, is expanding its coverage of the Rising Stars, those brokers who represent the next wave of insurance brokering talent.

We sat down with Rebecca LaFazia, assistant vice president at Risk Strategies, and a 2021 At Large Power Broker and Rising Star.

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Dec 9, 2021

Risk Strategies Acquires New Jersey’s Meeker Sharkey & Hurley

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired full-service insurance and employee benefits agency Meeker Sharkey & Hurley. Terms of the deal were not announced.

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Dec 9, 2021

Risk Strategies snaps up another New Jersey brokerage

Insurance Business America

Specialty insurance brokerage Risk Strategies has announced the acquisition of full-service insurance and employee benefits agency Meeker Sharkey & Hurley. Terms of the transaction were not disclosed.

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Dec 7, 2021

7 People on the Move

Risk & Insurance

Risk Strategies recently announced the appointment of Terry Lyons to national education practice leader. In this role, Lyons will develop and lead the overall national growth and client service strategy for the organization’s education industry practice.

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Dec 3, 2021

Risk Strategies acquires KRA Insurance Agency

Inside P&C

Acquisitive specialty brokerage Risk Strategies bought full-service brokerage firm KRA Insurance Agency for an undisclosed sum.

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Dec 3, 2021

The Return of the Carpetbaggers

South Florida Hospital News

One of the latest trends in the Florida malpractice insurance market is companies from out of state moving in to write policies for local physicians. What they don’t understand, according to Matt Gracey, managing director, Risk Strategies, Danna-Gracey, is that it’s not as easy as it looks.

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Dec 3, 2021

RSC names national education practice leader

Business Insurance

RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Wednesday that Terry Lyons has been appointed national education practice leader.

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Dec 3, 2021

Risk Strategies acquires full-service brokerage firm in US

Intelligent Insurer

US insurance brokerage and risk management firm Risk Strategies has acquired a full-service brokerage firm in New Jersey.

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Dec 3, 2021

Risk Strategies Appoints Terry Lyons National Education Practice Leader

Insurance Journal

Risk Strategies, a leading national specialty insurance brokerage and risk management firm, announced that Terry Lyons has been appointed as the National Education Practice Leader. In this role, Lyons will develop and lead the overall national growth and client service strategy for the education industry practice.

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Dec 3, 2021

Risk Strategies acquires KRA Insurance Agency

Reinsurance News

Specialty insurance brokerage Risk Strategies has acquired full-service brokerage firm KRA Insurance Agency.

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Dec 1, 2021

Risk Strategies swoops for New Jersey firm

Insurance Business America

National specialty insurance brokerage Risk Strategies has announced that it has acquired KRA Insurance Agency, a full-service brokerage firm. KRA’s wholly owned subsidiary, KRA Life Agency, was included in the deal. Terms of the transaction were not disclosed.

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Dec 1, 2021

Risk Strategies makes another N.J. buy

Business Insurance

Boston-based brokerage Risk Strategies Co. on Tuesday said it has acquired broker KRA Insurance Agency Inc., including KRA’s wholly-owned subsidiary, KRA Life Agency Inc.

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Dec 1, 2021

Risk Strategies Acquires New Jersey’s KRA Insurance Agency

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired full-service brokerage firm KRA Insurance Agency Inc. Included in the transaction is KRA’s wholly owned subsidiary, KRA Life Agency Inc. Terms of the deal were not announced.

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Nov 30, 2021

The Rough Notes: FROM COO TO CFO … MID-PANDEMIC

WITH GRIT AND DETERMINATION, THIS EXEC ASSUMED HER NEW ROLE WITHOUT MISSING A BEAT

The term “human dynamo” has been overused to the point that it’s become a cliché … but it truly applies to Sharon Edwards, chief financial officer of Risk Strategies Company, which she joined in December 2019.

Risk Strategies is a national specialty broker that provides risk management advisory services, insurance and reinsurance placement for property and casualty, employee benefits, and private client risks. It operates predominantly in the United States and Canada and aspires to become an international organization.

When Edwards came on board, what would…

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Nov 30, 2021

People Moves: New Hires at Risk Strategies, NFP, Ames & Gough

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, hired Alison Murphy as national practice leader of private client services.

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Nov 30, 2021

Risk & Insurance: 11 Questions for Risk Strategies’ CEO John Mina

Risk Strategies CEO John Mina talks to Risk & Insurance about his approach to managing company talent and culture.

In October, Risk & Insurance Editor-in-Chief Dan Reynolds met with John Mina, the CEO of Risk Strategies and a veteran of multiple brokerage companies. The goal of the discussion was to learn more about Mina’s vision for the direction of the company, and what he values in his workforce. What follows is a version of that conversation, which was edited for brevity and clarity.

Risk & Insurance: John, you’ve been with the company now for four years. And as we round…

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Nov 18, 2021

Risk Strategies buys workers’ comp specialist TriPoint

The Insurer

Risk Strategies has acquired TriPoint Insurance, a Connecticut-based workers’ compensation agency that provides performance-based insurance solutions to middle market companies in the construction, manufacturing, wholesale and skilled nursing verticals.

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Nov 18, 2021

Risk Strategies snaps up workers’ comp specialist

Insurance Business America

Specialty insurance brokerage and risk management firm Risk Strategies has announced the acquisition of workers’ compensation specialist TriPoint Insurance, a national firm providing performance-based insurance (PBI) products to middle-market companies in the construction, manufacturing, wholesale and skilled nursing sectors. Terms of the transaction were not disclosed.

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Nov 18, 2021

Risk Strategies Acquires Connecticut’s TriPoint Insurance

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired TriPoint Insurance Inc., a national specialist providing Performance Based Insurance (PBI) solutions to middle market companies in the construction, manufacturing, wholesale and skilled nursing verticals.

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Nov 18, 2021

Risk Strategies acquire TriPoint

Captive Review

Insurance Brokerage Risk Strategies has announced its acquisition of TriPoint Insurance, Inc.

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Nov 18, 2021

How Risk Strategies’ Rebecca LaFazia Built a Rewarding Career in Entertainment Insurance

Risk & Insurance

Risk Strategies’ Rebecca LaFazia combined a longtime passion with a career in the insurance space, and there is never a lack of excitement.

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Nov 16, 2021

Risk Strategies hires Murphy to lead Private Client Services business

The Insurer

Risk Strategies has added former PURE and AIG executive Alison Murphy as national practice leader for its Private Client Services business as it further builds out its capabilities in the high net worth (HNW) personal lines space.

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Nov 16, 2021

Risk Strategies taps ex-AIG to grow high net worth practice

Intelligent Insurer

US insurance brokerage and risk management firm Risk Strategies has hired a practice leader to develop its national growth strategy for private client services, focussing on the high-net-worth segment.

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Nov 12, 2021

Risk Strategies Acquires Better Business Planning, Inc., Expanding National Employee Benefits Practice

Risk & Insurance

Specialty insurance brokerage and risk management firm, Risk Strategies, has acquired Better Business Planning, Inc., an insurance agency specializing in employee benefits solutions.

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Nov 11, 2021

Do The Opposite

What CEOs Talk About

Neil Krauter Sr. currently works as part of the Executive Committee at Risk Strategies, the 11th largest insurance broker in operation. Earlier in his career he worked as Vice Chairman of Aon Risk Services in New York and Global Practice Leader of AMAG, the Aon Merger & Acquisition Group. After a short retirement at age 40, Neil Krauter re-entered the brokerage world with The Krauter Group in 2004. 

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Nov 11, 2021

Risk Strategies expands retail insurance brokerage capabilities with acquisition

Intelligent Insurer

US insurance brokerage and risk management firm Risk Strategies has acquired a retail insurance brokerage specialising in property & casualty and employee benefits solutions.

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Nov 10, 2021

Risk Strategies buys Connecticut-based agency Pawson

The Insurer

Risk Strategies has acquired Pawson Insurance, a Connecticut-based full-service retail insurance brokerage specialising in property casualty and employee benefits solutions.

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Nov 9, 2021

RSC buys retail brokerage in Connecticut

Business Insurance

RSC Insurance Brokerages Inc., which does business as Risk Strategies Co., said Tuesday it has acquired Pawson Insurance Group, a retail brokerage based in Branford, Connecticut. Terms of the deal were not disclosed.

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Nov 9, 2021

Risk Strategies Acquires Connecticut’s Pawson Insurance

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Pawson Insurance, a full-service retail insurance brokerage specializing in property/casualty and employee benefits solutions. Terms of the deal were not announced.

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Nov 9, 2021

‘Long COVID’ adds new complexity to return-to-work considerations

Advisen Front Page News

Employers see the implications of long-haul COVID for workers compensation and employment practices liability (EPL) and are being “extremely cautious,” according to Michael Vitulli, director of risk management services at Risk Strategies. It’s a “developing and vague sort of field” right now, one that that organizations are helping to address with the help of their insurance brokers.

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Nov 8, 2021

Risk Strategies Acquires SC-based Hibbits Agency

Insurance Journal

Risk Strategies, a national specialty broker, announced it is expanding into South Carolina with the purchase of Mount Pleasant-based Hibbits Insurance agency.

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Nov 5, 2021

Risk Strategies’ acquisition bolsters EB practice

Captive Review

The insurance brokerage and risk management firm Risk Strategies has acquired Illinois-based insurance agency Better Business Planning, Inc.

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Nov 5, 2021

Risk Strategies to acquire benefits specialist Better Business Planning

Business Insurance

RSC Insurance Brokerages Inc., which does business as Risk Strategies Co., has acquired Better Business Planning Inc. to expand its national employee benefits practice, reports Captive Insurance Times. Itasca, Illinois-based Better Business Planning offers customized employee benefits solutions, as well as complementary services such as payroll administration and human resources consulting.

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Nov 5, 2021

Risk Strategies’ acquisition expands benefits practice

Captive International

US specialty insurance brokerage and alternative risk program provider Risk Strategies has bought Itasca, Illinois-based Better Business Planning. The insurance agency specialises in employee benefits solutions, and the acquisition will expand Risk Strategies national practice, it said

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Nov 2, 2021

Risk Strategies builds EB book with Better Business Planning deal

The Insurer

US broker Risk Strategies has strengthened its employee benefits offering with the acquisition of Better Business Planning (BBP).

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Nov 2, 2021

Risk Strategies Acquires Illinois-Based Better Business Planning

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired Better Business Planning, Inc., an insurance agency specializing in employee benefits solutions.

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Nov 2, 2021

The COVID-19 vaccine mandate debate: Factors every employer must consider

Insurance Business America

The Biden administration introduced a new COVID-19 Action Plan on September 09, called ‘The Path Out of the Pandemic,’ which includes measures to reduce the number of unvaccinated Americans through regulatory powers and authorities. For employers, the decision on whether to mandate COVID-19 vaccination is highly complex and fraught with exposures and liabilities. 

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Nov 1, 2021

Fending Off the Lions

Leaders Edge

Robert Rosenzweig, senior vice president and national cyber risk practice leader for Risk Strategies, says carriers are being more selective in deploying capacity. For example, Rosenzweig says, carriers are putting restrictions on coverage or requiring certain controls, such as multifactor authentication, endpoint protection, and privileged access management, but the supply is still strong.

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Nov 1, 2021

Long-Haul COVID-19 Cases and the Need for Long-Term Disability Coverage

Independent Agent

Given the mass of cases and ongoing treatment associated with COVID-19 that we seem poised to face, the need for effective disability coverage is becoming clearer than ever.

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Oct 29, 2021

Risk Strategies acquires transportation specialist Corrigan Johnston Risk Advisors

The Insurer

US intermediary Risk Strategies has strengthened its capabilities in the “last mile delivery” and moving and storage insurance sectors with the acquisition of transportation-focused all lines brokerage Corrigan Johnston Risk Advisors (CJRA).

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Oct 29, 2021

Risk Strategies swoops for New Jersey brokerage

Insurance Business America

Risk Strategies, a national specialty insurance brokerage and risk management firm, has announced th

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Oct 22, 2021

The good and bad in real estate insurance submissions

PropertyCasualty360.com

So, how does the quality control of submission data play such a key role? As Joe Quarantello of Risk Strategies said, “It starts and ends with a good submission.”

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Oct 22, 2021

California announces changes to ease the thorny problem of fire insurance for vintners, farmers

The San Fransisco Chronicle

The losses sustained by wineries during the last few fire seasons had become untenable for some insurance carriers, said Nicholas Svetcoff, an insurance broker for wineries at Risk Strategies in Burlingame, in an interview earlier this summer. A single burned winery in a high-profile area like Napa Valley could result in a claim of $20 million or more, he said.

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Oct 22, 2021

Pandemic’s unexpected side effect

Business insurance

In senior facilities, the concern is there will be charges of failure to treat pressure ulcers, to adequately provide care, to properly supervise and to prevent slips and falls cases “because you were so wrapped up in COVID, and managing for that, that you weren’t doing the day-in, day-out care for residents,” said Joe Levy, Philadelphia-based senior vice president, traditional health care practice for Risk Strategies Co. Inc.

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Oct 18, 2021

People Moves: Risk, Rushmore and Willis Towers

Insurance Journal

Risk Strategies, a national insurance brokerage and risk management firm, announced that John Meder, of Raleigh, North Carolina, will be the new head of risk consulting and claims advocacy.

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Oct 18, 2021

Comings & Goings John Meder

Business Insurance

Previously, Mr. Meder was executive vice president, head of risk advisory at USI Insurance Services Inc.

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Oct 15, 2021

Risk Strategies names John Meder as Head of Risk Consulting and Claims

Reinsurance News

Meder brings over 30 years of experience in risk management, analytics, claims and loss control.

He was most recently Executive Vice President, Head of Risk Advisory at USI Insurance Services.

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Oct 6, 2021

9 People on the Move

Risk & Insurance

Risk Strategies has hired Erica Honig to serve as compliance director of Employee Benefits. 

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Sep 29, 2021

Surfside Collapse Exposes Fla.‘s Condo Insurability Problem

Law 360

The fallout from the Surfside tragedy adds to the difficulties already faced by the insurance industry in Florida, which has for years grappled with scores of natural disasters and widespread property insurance litigation, agreed Virginia Hazlett, vice president of the national real estate practice group at Risk Strategies. 

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Sep 27, 2021

Comings & Goings

Business Insurance 

Risk Strategies Co. named Jim Schmidt commercial lines leader, West Region. Previously, Mr. Schmidt was director of business development at Associated Agencies Inc.

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Sep 24, 2021

5 People on the Move

Risk & Insurance 

Risk Strategies has appointed Jim Schmidt as commercial lines leader, West Region.

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Sep 24, 2021

Risk Strategies appoints new regional head

Captive International

US specialty insurance brokerage and alternative risk program provider Risk Strategies has appointed a new commercial lines leader for the Western region. Jim Schmidt will be responsible for building its regional strategy for commercial property and casualty business.

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Sep 21, 2021

Counting the hidden costs of North Bay, California wildfires on businesses, residents

The North Bay Business Journal 

Wildfires are burning a hole in California’s wallet — and not just state government’s.

With no place in California immune to the increasing, raging infernos that barrel over communities, fires touch industry and peoples’ pocketbooks in dozens of ways, from insurance and tourism losses to home hardening and fire prevention costs.

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Sep 21, 2021

Business Moves

Insurance Journal

Based in Fayetteville, Georgia, Benevestco is a specialist in creating and servicing tailored benefits plans for businesses, with a focus on mid to large-market employers. Benevestco will join the Risk Strategies’ National Employee Benefits Practice.

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Sep 1, 2021

Risk Strategies Acquires Georgia-based Employee Benefits Specialty Broker Benevestco

Insurance Journal

National specialty insurance brokerage and risk management firm Risk Strategies announced it has acquired the assets of employee benefits specialty broker Benevestco, Inc., a Resource Seven company. Terms of the deal were not announced.

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Aug 27, 2021

News in Brief: AJ Madison to open local showroom; MyCare Medical Group to expand

South Florida Business Journal

For the past 20 years, Danna-Gracey, the largest independent medical malpractice insurance agency in Florida, has dedicated itself to providing insurance coverage placement for doctors and other health care providers. As a result of its recent merger with Risk Strategies, a leading national specialty insurance brokerage and risk management firm, the company now gains a nationwide platform through which its experts can provide medical professional liability coverage for physician and surgeons, nurses and other health care professionals as well as hospitals, ASCs, facilities, and long term care, in addition to personal and commercial lines as well…

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Aug 26, 2021

EP. 21: Pushing Boundaries: Are NFTs the Next Frontier for the Fine Art Market?

Insurance Journal - Insuring Cyber Podcast

“I think it's the nature of the art world to constantly be looking to the next thing,” says Mary Pontillo, senior vice president of the Dewitt Stern Fine Arts Practice at Risk Strategies, in this episode of the Insuring Cyber Podcast. “I think that's the nature of artists - just constantly pushing boundaries.”

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Aug 20, 2021

Risk Strategies acquires med mal insurer Danna-Gracey

Intelligent Insurer

Speciality insurance brokerage and risk management firm, Risk Strategies, has acquired medical malpractice insurance company Danna-Gracey.

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Aug 20, 2021

Risk Strategies expands medical malpractice offering with acquisition

Captive Insurance Times

Speciality insurance brokerage and risk management company Risk Strategies has acquired Danna-Gracey, a medical malpractice insurance specialist.

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Aug 20, 2021

Risk Strategies swoops for Florida firm

Insurance Business America

Risk Strategies, a national speciality insurance brokerage and risk management firm, has announced the acquisition of Danna-Gracey, a Florida-based specialist in medical malpractice insurance. The terms of the transaction were not disclosed.

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Aug 19, 2021

Risk Strategies Ranks on the Inc. 5000 List, With Three-Year Revenue Growth of 167% Percent

Yahoo Finance

Inc. Magazine today revealed that Risk Strategies, a leading national specialty insurance brokerage and risk management firm, is No. 2374 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

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Aug 18, 2021

Venus rising: These female brokers are reshaping the industry in their own image

BenefitsPro.com

“From a mentorship perspective, it’s important to teach assertiveness, persistence, resilience–and, truthfully, working harder than your male counterpart,” Tikia said. “Women really have to face a lot of isolation in this industry. But we’re also creative, out-of-the-box thinkers.”

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Aug 16, 2021

Business Moves

Insurance Journal

National specialty insurance brokerage and risk management firm, Risk Strategies, acquired property/casualty actuarial consulting firm Centric Actuarial Solutions LLC, based in Overland Park, Kansas.

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Aug 16, 2021

Risk Strategies buys med mal specialist

Business Insurance

RSC Insurance Brokerages Inc., which does business as Risk Strategies Co., said Monday it has acquired Delray Beach, Florida-based Danna-Gracey Inc., a medical malpractice liability agency.

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Aug 16, 2021

Risk Strategies Acquires Florida Medical Malpractice Liability Firm Danna-Gracey

Insurance Journal

Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired Danna-Gracey, a specialist in medical malpractice insurance headquartered in Delray Beach, Florida. Terms of the deal were not released.

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Aug 9, 2021

Risk Strategies acquires Centric Actuarial Solutions

Reinsurance News

Centric consults clients in a wide variety of industries to help understand and assess their cost of risk, with a focus on organisations employing alternative risk programs and approaches.

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Aug 4, 2021

Risk Strategies Buys Centric Actuarial Solutions in Kansas

Insurance Journal

National specialty insurance brokerage and risk management firm, Risk Strategies, acquired property/casualty actuarial consulting firm Centric Actuarial Solutions LLC, based in Overland Park, Kansas.

Terms of the deal were not announced.

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Aug 4, 2021

COO to CFO: transitioning roles during a pandemic

Insurance Business America

Sharon Edwards transitioned from COO to CFO of Risk Strategies this January, helping the brokerage adapt to the rapid growth experienced over the last year.

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Aug 4, 2021

Managing catastrophe risks amid wave of non-renewals

Insurance Business Magazine

According to Steve Pincus, national personal lines practice leader at Risk Strategies, the increased frequency and magnitude of natural disasters like wildfires, wind, flooding, hail storms and tornados have greatly affected the entire insurance market, including personal lines. This leads to virtually all insurance placements becoming more difficult to negotiate.

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Jul 23, 2021

CLDA launches the Industry Leaders Advisory Group to support strategic direction

ajot.com

Bryan Ice, CIC is Director of Sales – Transportation at Risk Strategies. He has been involved in the insurance industry since 2003, assuming his position at Risk Strategies in 2017.

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Jul 15, 2021

As California wineries lose insurance, some fear this fire season will be their last

The San Francisco Chronicle

For decades, it’s been standard for many California wineries to insure their properties against wildfire damage, said Nicholas Svetcoff, a broker at Risk Strategies in Burlingame who works primarily with wineries.

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Jul 13, 2021

Without Insurance, Many California Wineries May Face a Disastrous Wildfire Season

Robb Report

Insurers began feeling the strain of wildfires more acutely in 2017, when a series of blazes afflicted numerous properties, with one insurance area broker, Risk Strategies, telling the Chronicle that it had 180 wineries making claims that necessitated $22 million in insurance payouts.

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Jul 13, 2021

How can we insure NFTs?

Insurance Business America

“NFTs really came on to our radar with the huge Christie’s sale,” said Mary Pontillo, SVP and national fine arts practice leader for Risk Strategies. “The first immediate issue for us was that the fine art policies that we sell provide coverage for physical loss or damage. But how do you cover physical loss or damage for NFTs?”

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Jul 13, 2021

Bay Area Wineries Hit By Wildfires Getting Hammered By Skyrocketing Insurance Prices

KPIX.com

Some Bay Area wineries hit hard by recent fires, and now getting hit with another problem. Allen Martin they are forced to pay for more expensive insurance coverage, or have no coverage at all.

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Jul 6, 2021

Largest Insurance Brokers in Massachusetts

Boston Business Journal

5. Risk Strategies Co., 160 Federal St. Boston, MA 02110
 

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Jul 6, 2021

Individual life insurance offers added protection — at no cost to the employer

Smart Business - Cleveland

And 99.9 percent of group life benefits are never paid out to beneficiaries, because people rarely die while employed, says Greg Zito, producer, at Zito Insurance Agency a division of Risk Strategies.

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Jun 30, 2021

People Moves: Integris Group’s Votta, Risk Strategies’ Pincus, VFBMIC’s Brown Promoted

Insurance Journal

He joined Risk Strategies through the 2014 acquisition of DeWitt Stern Group, and in 2018, he was named the New York metro region leader for Risk Strategies.

 

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Jun 28, 2021

Career Moves People on the move in the P&C insurance industry

PropertyCasualty360.com

Risk Strategies named Raj Gulati a senior vice president. He served at EPIC Insurance Brokers & Consultants as a principal.

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Jun 24, 2021

Discovering emerging trends in student healthcare

itij,com

Risk Strategies is sponsoring its first Annual Nationwide Student Health Benchmarking Survey to discover the emerging trends in student healthcare

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Jun 24, 2021

Risk Strategies strengthens its national healthcare team

Captive International

Raj Gulati joins Risk Strategies from EPIC Insurance Brokers and Consultants, where he spent three years serving as principal.

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Jun 23, 2021

Making sure good deeds go unpunished

New York Real Estate Journal

Kriton Pantelides, vice president-professional services of Risk Strategies, advises, “Any claim or even the knowledge that the firm is providing riskier professional services in some material volume will likely trigger a re-underwriting process upon renewal and ultimately increase the firm’s insurance rates."

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Jun 21, 2021

Risk Strategies appoints Pincus as national personal lines practice leader

Inside P&C

National specialty insurance broker Risk Strategies has appointed Steve Pincus as national personal lines practice leader.

Jun 21, 2021

People On the Move

New York Business Journal

National insurance brokerage Risk Strategies has appointed Steve Pincus National Personal Lines Practice Leader. A 30+ year industry veteran, he previously served as interim leader.

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Jun 21, 2021

Risk Strategies names Pincus permanent national personal lines leader

The Insurer

Risk Strategies has promoted Steve Pincus to national personal lines practice leader while the US broker has also shuffled the management of its New York regional leadership team.

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Jun 21, 2021

People on the move in the P&C insurance industry: June 18, 2021

PropertyCasualty360.com

Risk Strategies appointed Steve Pincus as national personal lines practice leader.

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Jun 3, 2021

The BI Interview with Bob Dubraski, Risk Strategies

Business Insurance

Bob Dubraski, chief growth officer and health care practice leader at Risk Strategies, discusses the challenges that risk managers in the health care sector are facing and what they can do to navigate the hard market.   

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May 13, 2021

Prices Rise Sharply as Clouds Darken Construction Insurance Market for Buyers

Engineering News Record

Professional liability coverage for designers is an evolving challenge. Darren Black, architects and engineers practice lead at Risk Strategies, an insurance broker, says complications are multiplying.

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May 7, 2021

Risk Strategies and CyberCube deliver Broking Manager, a cyber risks analytics platform

Help Net Security

Broking Manager will allow the Risk Strategies’ team to quantify and explain to their clients the sources and financial impact of cyber risk exposure.

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May 7, 2021

Risk Strategies partners with CyberCube

Insurance Business America

Specialist insurance brokerage and risk management firm Risk Strategies has partnered with cybersecurity firm CyberCube to adopt Broking Manager, CyberCube’s risk analytics platform for insurance intermediaries.

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May 7, 2021

Risk Strategies teams up with CyberCube

Captive Insurance Times

The US specialist insurance brokerage and risk management firm will also be using application programming interface (API) components from CyberCube’s solutions for analytics.

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May 4, 2021

Protect your company with written telecommuting guidelines

Smart Business

Smart Business spoke with Chris Zito, Managing Director of Zito Insurance Agency a Division of Risk Strategies, about the variables an employer needs to consider, including the business risk, before deciding whether or not to implement a telecommuting program.

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Apr 1, 2021

Risk Strategies expands student health practice

Insurance Business America

Risk Strategies, a specialist insurance brokerage and risk management firm, has announced that it has acquired Specialty Insurance Solutions (SIS). The acquisition expands Risk Strategies’ capabilities in its national student health practice.

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Apr 1, 2021

Massachusetts’ Risk Strategies Acquires Specialty Insurance Solutions

Insurance Journal

Risk Strategies, a Boston, Massachusetts-based national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice.

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Apr 1, 2021

Risk Strategies acquires Specialty Insurance Solutions

Captive Insurance Times

Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice.

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Mar 31, 2021

Risk Strategies takes over Specialty Insurance Solutions

Life Insurance International

Risk Strategies has strengthened capabilities in its national student health practice by purchasing Specialty Insurance Solutions (SIS).

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Mar 31, 2021

Risk Strategies builds up its student health practice with SIS acquisition

Captive International

Risk Strategies, the specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS).

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Jan 13, 2021

Special Report: The Charity Issue – Photos of Giving

Insurance Journal

In 2020, the Risk Strategies family dedicated their time to those in need with heartfelt volunteer work and nearly $150,000 in donations for our Thanksgiving Drive alone. We're so pleased to have their efforts spotlighted in the @Insurance Journal Charity Issue with our team at Gowrie Group, a division of Risk Strategies!

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Jan 12, 2021

What Insurance/Risk Trends Will Impact the Industry in 2021?

Customized Logistics and Delivery Association

With respects to auto physical damage coverage, it should be noted that the rising cost of new vehicles and the continual upgrades in onboard technology and safety equipmentare also impactign the rates insurers are charging.

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Jan 7, 2021

Captive Insurance Times - A New Landscape

Captive Insurance Times

"John Mina, CEO of Risk Strategies, says this moment in time calls for captive practitioners everywhere to up their game and improve the image of the industry..."

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Dec 18, 2020

Risk Strategies Acquires New York’s FBA National

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired FBA National, a specialist in developing employee benefits solutions that align with an organization’s goals and workforce needs.

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Dec 17, 2020

Gazing into the crystal ball: A look at 2021 software security predictions

Synopsys

Rob Rosenzweig, national cyber practice leader, Risk Strategies

Ransomware attacks show no sign of stopping, and the pandemic has only ramped this space up. Next year we can expect to see more of these incidents hitting the healthcare and R&D industries as hackers look for intellectual property and trade secrets related to COVID-19.

 

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Dec 17, 2020

Risk Strategies acquires New York employee benefits specialist

S&P Global - Market Intelligence

Risk Strategies has acquired Garden City, N.Y.-based employee benefits specialist FBA National.

Terms of the deal were not disclosed.

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Dec 1, 2020

Risks to Watch in 2021

Risk Management

The COVID-19 pandemic has taught all of us lessons in risk and resilience. The pandemic shocked people around the world with a magnitude unparalleled in recent history. While the circumstances may be unique, the reality is there will be more unexpected disasters in the near future. To quote Mark Twain, “History doesn’t repeat itself, but it often rhymes.”

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Nov 16, 2020

Gowrie Group launches fundraising challenge

The Middletown Press

Every year Nov. 1-Dec. 31, Gowrie Group, a Division of Risk Strategies, challenges their local community of businesses and friends to team together to raise money to benefit The Shoreline Soup Kitchens and Pantries. T

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Nov 16, 2020

Business Moves - Risk Strategies, LaRocca & Associates

Insurance Journal,

Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired LaRocca & Associates Inc., a specialty brokerage with expertise in health and welfare benefits across several industries.

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Nov 16, 2020

Senior Living in a Post-Pandemic World

Insurance Journal

Property/casualty insurance for senior living facilities has taken a hit this year. The insurance market has been hardening for the last year or two, and the COVID-19 pandemic brought on a wave of new challenges that has only compounded the problem.

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Nov 5, 2020

Around the P&C insurance industry: November 4, 2020

PropertyCasualty360.com

Risk Strategies acquired LaRocca & Associates, Inc., a brokerage focused in health and welfare benefits across several industries. Terms of the deal were not disclosed. Established in 1980, LaRocca & Associates has a focus on employee benefits and property and casualty that Risk Strategies says will enhance its national employee benefits practice.

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Oct 30, 2020

Risk Strategies acquires LaRocca & Associates

Captive International

LaRocca & Associates was established in 1980 and specialises in employee benefits and property and casualty (P&C) coverage, with offices in Miami and Fort Lauderdale, Florida, as well as Atlanta, Georgia. 

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Oct 30, 2020

Risk Strategies scoops up Florida firm

Insurance Business America

Risk Strategies, a national insurance brokerage and risk management firm, has announced the acquisition of LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries.

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Oct 29, 2020

Risk Strategies Acquires LaRocca & Associates of Florida

Insurance Journal

Established in 1980, LaRocca & Associates focuses on employee benefits and property and casualty (P&C) insurance. LaRocca & Associates has offices in Miami and Fort Lauderdale, Fla., as well as Atlanta, expanding Risk Strategies’ presence and capabilities in the Southeast.

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Oct 29, 2020

Risk Strategies acquires LaRocca & Associates

Captive Insurance Times

Risk Strategies has acquired LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries.

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Oct 20, 2020

Business Insurance announces 2020 Women to Watch

Business Insurance

Business Insurance on Thursday named the 2020 winners of its annual Women to Watch awards program.

Business Insurance started the program in 2006 to recognize women leaders doing outstanding work in risk management and commercial insurance. From the beginning, the program has recognized winners working around the globe, and in 2017, the publication expanded the awards to include a separate program specifically for women executives in Europe, the Middle East and Africa.

Business Insurance readers nominated candidates for Women to Watch, and a panel of Business Insurance editors selected the honorees based on those nominations.

Below are this year’s 30 honorees for Women…

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Sep 16, 2020

Around the P&C insurance industry: September 16, 2020

Property Casualty 360

Risk Strategies acquired Securitas Insurance Partners, LLC, a specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity-backed portfolio companies. Terms of the deal were not disclosed.

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Sep 11, 2020

Risk Strategies buys private equity specialist

Business Insurance

Securitas specializes in insurance and risk management services for venture capital and private equity-backed portfolio companies in various sectors, including life science, healthcare, technology, new energy and financial services, a Risk Strategies statement said.

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Sep 10, 2020

Risk Strategies Acquires Securitas Insurance Partners

Benzinga.com

"Companies that are part of a private equity or venture capital investment portfolio, or simply focused on growing through acquisition, face complicated and often high stakes risks," said John Mina, Risk Strategies' CEO. "Securitas is a leader in identifying and mitigating these risks. We saw that expertise as a great fit for our growing national Private Equity practice."

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Sep 10, 2020

Risk Strategies acquires Securitas Insurance Partners

Insurance Business America

Risk Strategies CEO John Mina described Securitas as “a great fit for our growing national Private Equity practice,” which experienced a boom in 2019 following the acquisition of private equity specialist, Krauter & Company.

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Aug 28, 2020

Risk Strategies Appoints Jennifer Johnston Chief Marketing Officer

Agency Checklists

Risk Strategies a privately held, rapidly growing international insurance brokerage and risk management firm, today announced that Jennifer Johnston has been appointed to the newly created position of Chief Marketing Officer.

Johnston brings a wealth of experience in branding, marketing and communications in the insurance industry, consulting and professional services as well as technology. She has a proven ability to lead marketing during times of change and rapid expansion and has been a passionate advocate for high-value client experience and digital marketing solutions.

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Aug 28, 2020

Risk Strategies names Jennifer Johnston as chief marketing officer

Captive International

Risk Strategies has appointed Jennifer Johnston to the newly created position of chief marketing officer.

Johnston joins Risk Strategies from CopperPoint Insurance Companies where she served as executive vice president and chief marketing officer. Before that she was chief strategic marketing officer at PMA Companies/Old Republic Insurance Group, and vice president of marketing for Unisys Global Industries. She started her career at TELUS, a Canadian national telecommunications company. 

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Aug 19, 2020

Risk Strategies names chief marketing officer

Insurance Business

Risk Strategies has announced the appointment of Jennifer Johnston to the newly created role of chief marketing officer.

Johnston has extensive experience in branding, marketing and communications in the insurance industry, consulting and professional services and technology. She has been a passionate advocate for high-value client experience and digital marketing, Risk Strategies said.

Prior to joining Risk Strategies, Johnston served as executive vice president and chief marketing officer at CopperPoint Insurance Companies. She has also held executive marketing roles at PMA/Old Republic Insurance Group and Unisys Global. She began her career at TELUS, a Canadian telecommunications company.

 

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Aug 14, 2020

New Fee on Some College Bills: It’s for the Virus

The New York Times

“This is all still emerging,” said Elizabeth Marks, senior strategy consultant with Academic HealthPlans, which provides student health insurance plans at campuses across the country.

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Jul 28, 2020

How Art Collectors Can Avoid Online Phishing Scams and Social Engineering

Artsy.com

“There’s been a shift away from hacking and data breaches that steal credit card numbers, as they became less valuable to sell,” said Robert Rosenzweig, vice president and national cyber risk practice leader at DeWitt Stern. “Now there’s more diversion and manipulation.”

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Jul 20, 2020

Nursing Homes Face Uphill Battle

Insurance Journal

The liability that nursing homes carry is going to be a huge concern going forward. Insurance carriers are already writing COVID-19 exclusions into their professional liability policies for the next renewal period, and we expect the insurance market to harden even further.

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Jul 9, 2020

Insurance Costs on the Rise for Colleges

Inside Higher Ed

“Our work has absolutely increased tenfold because of the work around COVID,” Demchak said.

Premiums for higher education clients rose between 20 and 40 percent this year, said Bret Murray, who leads higher education strategy at Risks Strategies Company, a national insurance brokerage and risk management firm.

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Jul 8, 2020

Property insurers impose policy restrictions, hike rates

Business Insurance

Some insurers are attempting to remove nonphysical damage exposures from their property policies, too, said Peter Fallon, senior vice president, at brokerage Risk Strategies Co. Inc. in Boston.

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Jul 6, 2020

Cyber Security Can Bring Triple Digit Returns. Why Aren’t More Companies Investing?

Robert Rosenzweig, national cyber risk practice leader at Risk Strategies, noted that every company faces different cyber security threats, but the study provides insight into where they are investing.

“Understanding what peers are doing and where there’s ROI is important,” Rosenzweig said, noting the study “aligns with where we’re seeing the claims activity in the marketplace.”

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Jun 23, 2020

A Picasso, an $18M Hole, a Casino Owner, an Auctioneer, an Insurer and a Contractor

Insurance Journal

Insurance specialist LeConte Moore and professional fine art appraiser Vincent Wiener deal with high-profile performers and artists and their works so hearing talk of big dollar figures is not unusual.

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Jun 3, 2020

How COVID-19 is reshaping risk management

PropertyCasualty360

How COVID-19 is reshaping risk management

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Jun 2, 2020

14 Effective Strategies To Increase Employee Faith In HR

Forbes.com

Separate roles with a “Chief People Officer” or any number of non-HR titles that give employees a trusted, confidential and “safe” place to speak openly. Top-down buy-in is required. The C-Suite needs to report back on action taken based upon employee feedback regularly to reinforce the culture. - Zain Hasan, Risk Strategies Company

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Jun 2, 2020

What’s In Store for the Entertainment Industry Post COVID-19 Shutdown

MyNewMarkets.com

John A. Hamby, senior managing director, national entertainment practice leader, DeWitt Stern of California Insurance Services, a division of Risk Strategies Co., said the film and television space is still essentially shut down. He doesn't see the industry picking up production until at least July, even into August, September or October.

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May 29, 2020

Studios Have “Weighed In” on Pandemic Risk Insurance Bill

Hollywood Reporter

The Hollywood Reporter previously reported that the MPA and the Independent Film & Television Alliance have been advocating for federal help in gaining insurance on productions, while DeWitt Stern Risk Strategies insurance brokerage managing director Peter A. Marshall was helping to craft language regarding media production for the bill. When reached by THR, Marshall said he didn't believe that language was included in the first draft, although it might be added if the draft goes to committee. 

 

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May 21, 2020

The pandemic brought buyers in, and the cyber insurance market is ready to prove its value

Advisen

New to the market buyers include business-to-business firms, the industrial sector, and manufacturers, according to Robert Rosenzweig, national cyber risk practice leader for Risk Strategies. Media reports of ransomware and other threats have opened eyes to the risk.

 

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May 20, 2020

It’s a Wrap For Entertainment, at Least for Now

Insurance Journal

John A. Hamby, senior managing director, national entertainment practice leader, DeWitt Stern of California Insurance Services, a division of Risk Strategies Co., said the film and television space is still essentially shut down. He doesn’t see the industry picking up production until at least July, even into August, September or October. Much of that decision lies within jurisdictional restrictions and guidelines, he noted.

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May 20, 2020

Blumhouse Plans Film Shoot on Universal Lot Despite Insurance Risks

Hollywood Reporter

Peter A. Marshall, a managing director of the DeWitt Stern Risk Strategies insurance brokerage, has helped craft language that could specifically address media production. The MPA and IFTA are hopeful those provisions would be part of any bill that goes forward.

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May 11, 2020

84 Insurance Brokers You Haven’t Heard the Last Of

Risk & Insurance

Schaffer, a Fine Arts Power Broker and senior account executive at DeWitt Stern, a division of Risk Strategies, doesn’t want insurance to ever be the obstacle in her clients’ way.

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May 6, 2020

Arts Groups Fight Their Insurers Over Coverage on Virus Losses

The New York Times

Policies tailored for theatrical productions typically do not require physical losses, said Peter Shoemaker, a managing director at DeWitt Stern, an insurance brokerage that works with Broadway shows.

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Apr 27, 2020

Zaha Hadid Architects Hit With Ransomware Attack

Architectural Record

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

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Apr 16, 2020

With business halted due to coronavirus, future uncertain for surgery centers

Advisen

According to brokers at Risk Strategies, each of these facilities are wondering if there will be any recourse for the business income lost.

“Business interruption is probably the number one subject, for sure,” said Joe Levy, senior vice president. “We’re fielding a lot of questions.”

“Some of our clients haven’t had a case in 45 days,” added Chris Zuccarini, managing director. “We’ve seen busy practices completely shut down. One just laid off 125 employees. Another with 21 offices closed all but 5. No one could have expected this scenario.”

The advice right now, according to Zuccarini and Levy is…

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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

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

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

Feb 5, 2020

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

PropertyCasualty360

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

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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. 

Read More

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.

Read More

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.

Read More

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.”

Read More

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.

Read More

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.

Read More

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. 

Read More

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.

Read More

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.”

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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

Read More

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.

Read More

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.

Read More

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.

Read More

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

Read More

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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Nov 1, 2019

Cyber Security Threats and Protections

The AEC Leadership Today Podcast

Today’s episode of the AEC Leadership Today podcast features J. Dale Crow. Dale is the Vice President at Risk Strategies, and he is passionate about risk management for AEC and professional services firms. 

When It Comes to Cyber Breach, It’s About ‘When’ Not ‘If’

Dale describes himself as a recovering attorney. He spent about a decade litigating professional liability claims against engineering and architectural firms. Now he uses his experience with these types of legal claims and matters at Risk Strategies, where he counsels AE firms in how to insure and manage risk.

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Oct 31, 2019

Risk Strategies acquires specialty brokerage Dash & Love

Reinsurance News

Risk Strategies, a privately held US insurance broker and risk management firm, has acquired full-service specialty brokerage Dash & Love.

Dash & Love is a retail insurance brokerage providing insurance placement and risk management advice to organisations and successful individuals and families across Pennsylvania and the tri-state area.

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Oct 31, 2019

Risk Strategies acquires brokerage Dash & Love

Insurance Business

Risk Strategies has acquired Dash & Love, a full-service specialty brokerage based in Bala Cynwyd, PA.

Dash & Love, founded in 1930, is a family-owned specialty retail insurance brokerage that offers insurance placement and risk management advice to organizations and individuals in the tri-state area. The firm has a reputation as one of the leading providers of specialized risk management services to community associations in the region.

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Oct 30, 2019

Around the P&C insurance industry: October 30, 2019

PropertyCasualty360

Risk Strategies, a privately held, national insurance brokerage and risk management firm, announced that it has acquired Dash & Love, Inc., a full-service specialty brokerage based outside of Philadelphia. Terms of the deal were not announced. Founded in 1930, Dash & Love provides insurance placement and risk management advice to organizations and successful individuals and families across Pennsylvania and the tri-state area.

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Oct 30, 2019

Risk Strategies Acquires Pennsylvania’s Dash & Love

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Dash & Love Inc., a full-service specialty brokerage based just outside of Philadelphia. Terms of the deal were not announced.

Founded in 1930, Dash & Love is a family-owned specialty retail insurance brokerage providing insurance placement and risk management advice to organizations, individuals and families across Pennsylvania and the tri-state area

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Oct 28, 2019

Winter Is Coming: Is Your Property Prepared?

Facility Executive

As we see more record high temperatures along with more intense and frequent storm activity, colder winters might seem inconsistent with an over-arching warming trend. But they’re not. More severe winters could be part and parcel of changing weather patterns, as well as evolving actuarial modeling and more restrictions from insurance companies on real estate coverage.

According to the most recent predictions from the Farmer’s Almanac, the Northeast might be in for an unusually cold winter for the 2019/2020 season.

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Oct 28, 2019

Property valuation modeling for real estate portfolios - Spencer Macalaster

New England Real Estate Journal 

Many real estate property owners often think they should insure the building for what they paid for it.  This however, does not take into consideration what would happen in the event of an insured property loss that requires rebuilding to the original like kind condition.  What an owner “paid” for a building or what it might be “worth” in the open marketplace versus how much it might cost to rebuild the building for the “insured” value are not the same. 

Property valuation modeling (also known as Total Insured Value modeling) is the process of using…

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Oct 28, 2019

The Fine Art of Fine Art Insurance

PrincetonInfo

No one accounted for the bird. Who would have?

The art collector had a second home in the mountains, where there was, among other things, a painting worth $7 million. One day a caretaker went to conduct a regular check of the property. The caretaker saw that all was in order, then left and locked up. Everything was secure.

But when the home was opened again weeks later, the painting had been damaged. The culprit was a bird who had accidentally been let inside by the caretaker and had been locked in for several weeks. As birds do, it…

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Oct 25, 2019

People on the move in the P&C insurance industry: Oct. 25, 2019

PropertyCasualty360

Risk Strategies, a privately held US insurance broker and risk management firm, has announced the appointment of Bob Dubraski as Chief Growth Officer.

The appointment represents an expansion of Dubraski’s current role as National Health Care Practice Leader, and will see him work with all of Risk Strategies’ business units to drive collaboration and help meet the firm’s growth goals.

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Oct 24, 2019

Massachusetts’ Risk Strategies Appoints Dubraski as Chief Growth Officer

Insurance Journal

Risk Strategies, a Boston, Mass.-headquartered, privately held insurance brokerage and risk management firm, has appointed its National Health Care Practice leader, Bob Dubraski, as chief growth officer.

In his expanded 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.

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Oct 24, 2019

Risk Strategies names Bob Dubraski as Chief Growth Officer

Reinsurance News

Risk Strategies, a privately held US insurance broker and risk management firm, has announced the appointment of Bob Dubraski as Chief Growth Officer.

The appointment represents an expansion of Dubraski’s current role as National Health Care Practice Leader, and will see him work with all of Risk Strategies’ business units to drive collaboration and help meet the firm’s growth goals.

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Oct 23, 2019

Bob Dubraski takes on expanded role at Risk Strategies

Captive Insurance Times

Risk Strategies has appointed its national health care practice leader Bob Dubraski as chief growth officer.

Dubraski, in his expanded role, will work with leaders across all of Risk Strategies’ business units to drive collaboration and opportunities that benefit clients, aiming to help to meet the firm’s growth goals.

Prior to joining Risk Strategies, Dubraski was founder and CEO of Dubraski & Associates Insurance Services, a healthcare-focused specialty insurance brokerage. Risk Strategies acquired Dubraski & Associates in 2015.

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Oct 23, 2019

Risk Strategies to Offer Cyber Risk Management Platform Underwritten by Berkley

Insurance Journal

Risk Strategies, a privately held national insurance brokerage and risk management firm, has launched the Cyber Resolute offering that combines new technology with smarter processes and specialized coverage.

Cyber Resolute can be tailored to specific client circumstances and works as an advanced risk mitigation platform powered by Arceo.ai data analytics technology and backed by insurance underwritten through an exclusive partnership with Berkley Cyber Risk Solutions, a Berkley Company. The platform’s peer benchmarking data, analytics and artificial intelligence provide real-time awareness and understanding of potential security deficiencies and prioritizes recommended fixes. These insights can make it simpler to secure…

Oct 23, 2019

Risk Strategies practice leader gains new responsibilities

Insurance Business 

Risk Strategies has announced that the role of its national healthcare practice leader, Bob Dubraski, will be expanded to include the responsibilities of chief growth officer.

With new responsibilities, Dubraski will coordinate with the various leaders of Risk Strategies’ business units to “drive collaboration and opportunities that benefit clients,” a release said.

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Oct 22, 2019

Risk Strategies names new chief growth officer

Captive International

Risk Strategies has promoted its national health care practice leader, Bob Dubraski, to the role of chief growth officer.

Dubraski’s additional responsibilities see him work with leaders across all the company’s business units to drive collaboration and opportunities that benefit clients, and increase growth. 

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Oct 22, 2019

COMINGS & GOINGS- Bob Dubraski

Business Insurance

Risk Strategies Co. Inc. named Boston-based Bob Dubraski to be chief growth officer. Previously, Mr. Dubraski was national health care practice leader.

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Oct 21, 2019

Risk Strategies unveils new cyber risk mitigation platform

Insurance Business 

Risk Strategies has revealed a new offering that combines specialized cyber coverage and advanced risk mitigation services to help clients reduce their cyber-related exposure and costs.

The new Cyber Resolute offering is a risk mitigation platform powered by Arceo.ai data analytics technology, combined with insurance underwritten through Risk Strategies’ partnership with Berkley Cyber Risk Solutions.

Cyber Resolute’s peer benchmarking data, analytics and artificial intelligence offers users real-time awareness and understanding of potential security deficiencies; it also recommends solutions to these cybersecurity deficits. This is made possible thanks to Arceo.ai’s approach, which applies data science to internal and externally…

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Oct 21, 2019

Risk Strategies Launches Cyber Resolute Transforms Traditional Cyber Liability Risk Management

Program Business

Available to companies with up to $250 million in annual sales, Cyber Resolute delivers industry-leading proprietary coverage and 24/7 access to best-in-class cyber response forensics and legal teams.

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Oct 17, 2019

Risk Strategies unveils cyber risk mitigation platform

Captive International

Risk Strategies has launched Cyber Resolute, a risk mitigation platform that provides specialised coverage to reduce exposure, costs and potential liability.

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Oct 17, 2019

Brokerage RSC launches cyber coverage

Business Insurance

The coverage is available to companies with up to $250 million in annual sales, Boston-based RSC said Wednesday in a statement.

Cyber Resolute provides policyholders with 24-hour access to cyber response forensics and legal teams, the statement said.

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Oct 14, 2019

Boston Risk Strategies Announces New CEO

Agency Checklists

Mr. Mina’s tenure as Risk Strategies President has coincided with the company’s “most explosive growth phase” as it has expanded across the country. Under his leadership, the firm more than doubled its number of employees, as well as its revenues and premiums.

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Oct 9, 2019

Massachusetts’ Risk Strategies Names Mina as CEO

Insurance Journal

Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has named President John Mina as CEO. Mina will succeed Michael Christian, Risk Strategies founder and long-time CEO, who will move to the executive chairman role.

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Oct 9, 2019

Risk Strategies’ Mina named CEO as Christian takes on Executive Chairman role

Reinsurance News

As CEO, he will be tasked with setting the strategic direction of the broker and working as a senior advisor to the leadership team while at the same time managing day-to-day operations. 

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Oct 9, 2019

Risk Strategies appoints a new chief executive

Insurance Business America

Mina succeeds Michael Christian, incumbent CEO and founder of Risk Strategies, who will transition into an executive chairman role.

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Oct 9, 2019

Risk Strategies appoints president to CEO role

Captive International

Risk Strategies has named John Mina, its president, as CEO, succeeding Michael Christian, who will move to the executive chairman role.

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Oct 9, 2019

Risk Strategies replaces CEO; founder moves to executive chairman role

Intelligent Insurer

US insurance brokerage and risk management firm Risk Strategies has appointed its president John Mina as new chief executive officer (CEO).

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Oct 9, 2019

Risk Strategies names new CEO

Captive Insurance Times

Risk Strategies has named president John Mina as the firm’s new CEO, succeeding Michael Christian.

Christian, who founded Risk Strategies in 1997 and long-time CEO, will move into the executive chairman role.

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Oct 9, 2019

Mina replaces founder Christian as Risk Strategies CEO

The Insurer

Privately-held US broker Risk Strategies has named its president John Mina as CEO, succeeding founder and long-time leader Michael Christian.

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Oct 8, 2019

Risk Strategies reorganizes leadership

Business Insurance

“Our five-year goal is to achieve $1 billion in revenue, and we are halfway there. During the same time period, I’d like to establish an international footprint,” said Mr. Mina in an interview.

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Oct 1, 2019

Ransomware: To pay or not to pay

SC Magazine

“A few years ago, if a company was locked out of its data by hackers, it wasn’t necessarily inclined to pay the ransom demand. That’s because there used to a ‘silver bullet,’ in that if the company was doing regular backups of its systems, it could restore its data,” says Robert Rosenzweig, vice president and national cyber risk practice leader at Risk Strategies.

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Oct 1, 2019

Ransomware: Fast and furious

SC Magazine

Ransoms are insurable under cyber policies, as are other costs associated with an attack, such as forensic investigative expenses, remediation costs and business interruption losses. How your cyber policy is written can have a big impact on the outcome and timing is a critical consideration.

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Oct 1, 2019

Risk Strategies moves in to acquire private client insurance firm in NY

Insurance Business America

“We’re always on the lookout for potential partners who can bring the right mix of experience and expertise to our practice,” said Risk Strategies national private client practice leader Bob Courtemanche.

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Oct 1, 2019

Risk Strategies Acquires New York’s Bedrick-Kaitz Agency

Insurance Journal

BKA is run by CEO Michael Rosenberg, who acquired the firm from one of its original founders, Donald Kaitz, shortly after joining the company in the 1980s. Prior to acquiring BKA, Rosenberg was a personal lines specialist with a boutique brokerage in New York City.

Sep 27, 2019

People on the move in the P&C insurance industry: Sept. 27, 2019

PropertyCasualty360

Brad W. Gabbard has been appointed senior vice president to Risk Strategies‘ national health care practice. Most recently, he was an executive vice president and health care practice leader for Willis Towers Watson’s Columbus, Ohio, office.

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Sep 25, 2019

Risk Strategies’ run of acquisitions continues

Captive International

Risk Strategies has made the latest in a series of acquisitions with the purchase of Pro Safety Services, which provides safety and loss control services to construction companies, builders, and other industries. 

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Sep 25, 2019

Risk Strategies Acquires New York’s Pro Safety Services

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Pro Safety Services LLC, a provider of safety and loss control services to construction companies, builders and a range of other industries. Terms of the deal were not disclosed.

Founded in 1999 by its current president John McCarthy, Pro Safety Services offers a scope of specialized safety programs and services that help clients protect physical assets and earnings by identifying and managing risks. The company’s service offerings include full-time site safety management, loss control, training, periodic audits and safety management program development, among others.

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Sep 24, 2019

Risk Strategies Appoints Gabbard as Senior Vice President to Health Care Practice

Insurance Journal

Gabbard brings clients experience in developing and administering alternative risk-financing vehicles, such as self-insurance trusts, captive insurance companies, risk retention groups and high deductible programs.

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Sep 23, 2019

Risk Strategies acquires safety manager

Business Insurance 

National insurance brokerage and risk management firm RSC Insurance Brokerage Inc., doing business as Risk Strategies Co. Inc., on Monday announced its acquisition of Pro Safety Services LLC.

Pro Safety, which provides safety and loss control services to construction companies, builders, and a range of other industries, is part of the Boston-based risk management firm’s national expansion as providers of safety consulting and loss control, according to a statement.

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Sep 20, 2019

Risk Strategies names SVP to national healthcare practice

Insurance Business Magazine

A release noted that Gabbard is one of the few brokers in the US to have focused healthcare experience while working with both major brokerage firms and a major reinsurer.

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Sep 20, 2019

9 People on the Move

Risk & Insurance

Risk Strategies, a privately held national insurance broker and risk management firm, has hired Brad W. Gabbard, CPCU, as senior vice president to its national health care practice.

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Sep 20, 2019

Risk Strategies recruits Brad Gabbard

Captive Insurance Times

Commenting on his appointment, Gabbard said: “I am excited to be joining Risk Strategies’ national health care practice. Being part of a firm built on industry specialisation and joining a truly national, client-focused health care team that collaborates to deliver value across all areas of risk is exactly what I was looking for to best serve healthcare clients throughout the country.”

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Sep 20, 2019

Risk Strategies adds Brad Gabbard as SVP of healthcare practice

Reinsurance News

Gabbard brings clients significant experience in developing and administering alternative risk-financing vehicles, such as self-insurance trusts, captive insurance companies, risk retention groups and high deductible programs.

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Sep 20, 2019

Comings & Goings - Brad Gabbard

Business Insurance

Risk Strategies Inc. named Columbus, Ohio-based Brad Gabbard to be senior vice president. Previously, Mr. Gabbard was executive vice president, health care practice leader for Willis Towers Watson PLC.

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Sep 19, 2019

People on the Move as of 15 September 2019

Advisen.com

Edward J. Flanagan joined Risk Strategies as New England Regional Operations Leader on September 9, 2019. He is responsible for coordinating with the company’s regional operations leaders to drive organic growth in those territories, as well as facilitating the integration of acquired organizations into regional and national operations.

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Sep 11, 2019

Edward Flanagan joins Risk Strategies as New England Regional Leader

Reinsurance News

Expanding U.S. insurance brokerage, Risk Strategies has announced the appointment of Edward Flanagan from Arthur J. Gallagher as New England Regional Operations Leader.

Flanagan succeeds John Scroope, who has been promoted to National Director of Retail Operations, a newly created role.

He brings three decades of industry experience to the role and joins from Arthur J. Gallagher, where he served as a producer focused on clients in the tech, life sciences, financial services and healthcare industries.

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Sep 10, 2019

Risk Strategies Appoints Flanagan as New England Regional Operations Leader

Insurance Journal

Risk Strategies, a privately held national insurance brokerage and risk management firm, has appointed Edward J. Flanagan, a veteran broker and sales leader, as New England regional operations leader.

Flanagan will succeed John Scroope, who has been promoted to the newly created role of national director of Retail Operations.

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Sep 10, 2019

Risk Strategies acquires Risk Management Advisors

Captive International

Risk Strategies, an insurance brokerage and risk management firm, has acquired Risk Management Advisors (RMA), a firm that designs and administers captive insurance programs and self-insured plans for companies in a variety of industries.

The acquisition strengthens Risk Strategies’ portfolio of alternative specialty capabilities, following its acquisition of Oxford Risk Management Group in July of 2018. Oxford’s captive expertise also built on Risk Strategies’ focus on offering clients alternative risk funding methods.

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Sep 4, 2019

Risk Strategies buys captive manager

Business insurance

The deal strengthens the firm’s alternative specialty portfolio and follows its July 2018 acquisition of Maryland-based captive consultancy Oxford Risk Management Group, Risk Strategies said.

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Sep 4, 2019

Risk Strategies acquires Risk Management Advisors

Captive Insurance Times

Risk Strategies has acquired Risk Management Advisors (RMA), a California-based leader in developing, designing and administering captive insurance programmes and self-insured plans.

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Sep 4, 2019

Risk Strategies Acquires Risk Management Advisors in California

Insurance Journal

Risk Management Advisors designs and administers captive insurance programs and self-insured plans. Client industries range from manufacturing, trucking, and contractors to auto finance, staffing, restaurant groups, and commercial property owners.

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Sep 3, 2019

People & Places

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has selected industry veteran Steve Giannone to run its Chicago office and oversee operations in the firm’s central United States region. Giannone brings almost 30 years of insurance industry experience to this new role at Risk Strategies.

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Aug 28, 2019

UB op-ed: Do you know the provenance of your institution’s fine art?

University Business

n alumnus wants to give back to his college, so he donates a drawing by Rembrandt van Rijn that he acquired through an art dealer 10 years ago. School leaders accept the drawing and hang it prominently in the campus museum.

Years later, a historian researching artwork stolen by the Nazis during World War II sees the piece and inquiries about its origins. University staffers dig into the work’s history and discover a suspicious gap in the chain of ownership between 1933 and 1945.

What should university leaders do? What risks and ethical responsibilities does the drawing now…

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Aug 26, 2019

10 People on the Move

Risk & Insurance

Risk Strategies Finds Leader of National Professional Liability Practice in Darren Black

Darren Black, a 15-year insurance industry veteran, has been hired by Risk Strategies to oversee its national professional liability practice group.

“Architects, engineers, lawyers and other professionals face complicated risks and liabilities unique to their expertise, industry and services,” explained Risk Strategies’ President, John Mina.

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Aug 23, 2019

Roundtable: Managing transactional risk

Financier Worldwide

Joanne R Censullo, managing director at Risk Strategies, an insurance brokerage and risk services firm, assists clients in the use of insurance to manage risk. Her mergers & acquisitions (M&A) niche supports private equity (PE) and corporate investors’ objectives of protecting business assets. Ms Censullo’s services include due diligence, insurance coverage design and negotiation, and the successful manoeuvering through R&W and transactional insurance product complexities. She can be contacted on +1 (617) 330 5706 or by email: jcensullo@risk-strategies.com.

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Aug 23, 2019

Risk Strategies acquisition expands its presence in Southeast US

Captive International

Risk Strategies, a national insurance brokerage and risk management firm, has expanded its presence in the Southeast US with the acquisition of National Insurance Consulting Group (NICG), an employee benefits and human capital consulting firm.

NICG was founded in 2014 by Zain Hasan and offers benefits consulting, outsourced benefits administration, human capital management software delivery and outsourced HR, with offices in Atlanta, GA and Fort Lauderdale, FL. It specialises in creating alternatively funded employee benefits programs for middle market businesses in a variety of industries, and providing consulting to mid-market organisations.

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Aug 23, 2019

Risk Strategies bolsters practice with new acquisition

Insurance Business

Risk Strategies has acquired National Insurance Consulting Group (NICG), expanding its presence in the southeast region.

Terms of the transaction were not disclosed.

NICG is an employee benefits and human capital consulting firm founded in 2014. The firm – with two locations in Atlanta, GA and Fort Lauderdale, FL – offers benefits consulting, outsourced benefits administration, human capital management software delivery, and outsourced HR. It was named one of the 2019 Inc. 5000 fastest-growing private companies in the US.

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Aug 22, 2019

Risk Strategies snaps up National Insurance Consulting

Life Insurance International

Insurance brokerage and risk management firm Risk Strategies has purchased employee benefits and human capital consulting firm National Insurance Consulting Group.

The takeover of National Insurance will expand Risk Strategies footprint in the southeast US, including Florida and Georgia.

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Aug 22, 2019

Risk Strategies Acquires National Insurance Consulting Group, Expands Southeast Reach

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has expanded its presence in the Southeast United States with the acquisition of National Insurance Consulting Group, LLC (NICG), an employee benefits and human capital consulting firm. Terms of the deal were not disclosed.

Founded in 2014 by Zain Hasan, NICG offers benefits consulting, outsourced benefits administration, human capital management software delivery, and outsourced HR. With locations in Atlanta and Fort Lauderdale, Fla., the firm specializes in creating alternatively funded employee benefits programs for middle market businesses in a variety of industries and providing mid-market organizations…

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Aug 16, 2019

People on the move in the P&C insurance industry: Aug. 16, 2019

PropertyCasualty360

Risk Strategies, a privately held, national insurance brokerage and risk management firm, named Darren Black to oversee its national professional liability practice group. He is based in Kansas City, Missouri.

Black joins Risk Strategies after having led the professional services practice for the seventh largest privately held broker in the U.S. Prior to that, he served as managing director and leader of the design liability practice at a publicly traded, top three national brokerage.

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Aug 16, 2019

Risk Strategies Appoints Black to Lead National Professional Liability Practice

Insurance Journal 

Risk Strategies, a privately held, national insurance brokerage and risk management firm, named Darren Black to oversee its national professional liability practice group. He is based in Kansas City, Missouri.

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Aug 16, 2019

Comings & Goings: Darren Black

Business Insurance

Risk Strategies Inc. named Kansas City-based Darren Black to oversee its national professional liability practice group. Previously, Mr. Black led the professional services practice for The IMA Financial Group Inc.

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Aug 16, 2019

Risk Strategies hires former IMA, Aon exec to lead professional liability group

Intelligent Insurer

US insurance brokerage and risk management firm has appointed Darren Black to lead its national professional liability practice group.

Aug 14, 2019

Risk Strategies names leader for national professional liability practice

Insurance Business

Risk Strategies has appointed Darren Black (pictured) to serve as the leader of its national professional liability practice group.

Black was most recently associated with a major insurance broker and, prior to that, he served as managing director and leader of the design liability practice at a publicly-traded, top three national brokerage.

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Aug 12, 2019

Comings & Goings: Steve Giannone

Business Insurance

Brokerage Risk Strategies Co. Inc. named Steve Giannone to run its Chicago office and oversee operations in the firm’s central United States region. Most recently, he was senior vice president and managing director at USI Insurance Services LLC.

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Aug 12, 2019

People on the Move

Risk & Insurance

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, announced that they have named Steve Giannone to oversee operations in Chicago as well as in the central United States region.

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Aug 9, 2019

People on the move in the P&C insurance industry: Aug. 9, 2019

PropertyCasualty360’s

U.S. domiciled insurance brokerage, Risk Strategies, has appointed Steve Giannone to run its Chicago office and oversee operations in its central U.S. region.

 

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Aug 8, 2019

Risk Strategies names leader for central region operations

Business Insurance

Risk Strategies has appointed Steve Giannone (pictured) to serve as the leader for the brokerage’s central region operations.

Giannone will be based in Chicago and brings with him nearly 30 years of insurance industry experience, having served major carriers and brokerage firms. Giannone was most recently senior vice-president and managing director at USI Insurance Services’ insurance brokerage and consulting practice in Chicago. In that role, he led the practice’s sales and service efforts while overseeing operational functions.

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Aug 7, 2019

July M&A Roundup: Acquisitions by Toast, Bigtincan, Curaleaf and More

 BostInno

Boston-based Risk Strategies, a national insurance brokerage and risk management firm, acquired Winter Group Inc., a specialty insurance program manager with a focus on the trucking industry. Terms of the deal were not disclosed.

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Aug 7, 2019

Risk Strategies appoints Giannone to lead Chicago office, oversee central U.S.

Reinsurance News

U.S. domiciled insurance brokerage, Risk Strategies, has appointed Steve Giannone to run its Chicago office and oversee operations in its central U.S. region.

Industry veteran Giannone joins Risk Strategies from USI Insurance Services’ Insurance Brokerage and Consulting practice in Chicago, where he most recently served as Senior Vice President (SVP) and Managing Director.

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Aug 6, 2019

Giannone Tapped to Lead Chicago Office and Central Region for Risk Strategies

Insurance Journal 

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has selected industry veteran Steve Giannone to run its Chicago office and oversee operations in the firm’s central United States region.

Giannone brings almost 30 years of insurance industry experience to this new role at Risk Strategies. He most recently served as senior vice president and managing director at USI Insurance Services’ Insurance Brokerage and Consulting practice in Chicago, where he led its sales and service efforts while overseeing operational functions.

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Aug 6, 2019

2019 Power Broker Winner Joins Risk Strategies

Risk & Insurance

Blair Wunderlich, a former Aon Huntington T. Block fine arts insurance broker, has been appointed senior account manager and producer for national fine art practice DeWitt Stern, A Risk Strategies Company.

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Aug 2, 2019

Risk Strategies Acquires New York City’s Reiff & Associates

Insurance Journal 

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Reiff & Associates, a full service brokerage firm focused on risk and insurance for companies in the entertainment industry.

Founded in 1983 and based in New York City, Reiff & Associates provides customized risk management and insurance for theater, television, film and media production, staging and rigging, live music and special events.

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Aug 1, 2019

11 People on the Move

Risk & Insurance

2019 Power Broker Winner Joins Risk Strategies

Blair Wunderlich, a former Aon Huntington T. Block fine arts insurance broker, has been appointed senior account manager and producer for national fine art practice DeWitt Stern, A Risk Strategies Company.

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Jul 31, 2019

Risk Strategies acquires insurer behind hit musicals Hamilton and Hello Dolly

Insurance Business

National insurance brokerage firm Risk Strategies is on a roll, acquiring its third full service brokerage, Reiff & Associates, for this month.

Reiff & Associates’ clients include the producers of the musicals  “Hamilton” and “Hello Dolly,” as well as the film producers behind “Black Swan,” “Precious,” “The Wrestler,” and “Lost in Translation.”

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Jul 31, 2019

Brokerage expands entertainment practice with acquisition

Business Insurance

Boston-based Risk Strategies Co. Inc. said on Monday it has acquired Reiff & Associates LLC, a New York-based brokerage that specializes in placing risks for companies in the entertainment industry.

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Jul 24, 2019

Around the P&C insurance industry: July 24, 2019

PropertyCasualty360.com

Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired Gerard B. Tracy Associates, Inc.

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Jul 24, 2019

Risk Strategies acquires Gerard B. Tracy Associates

Captive Insurance Times

Risk Strategies has acquired Gerard B. Tracy Associates in order to add to its employee benefits method.

Risk Strategies has recently expanded its benefits reach with the purchase of service businesses, including an actuarial firm and a healthcare claims auditing organisation.

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Jul 24, 2019

Risk Strategies swoops in for CT-based employee benefits provider Gerard B. Tracy Associates

Insurance Business

Founded in 1948, GBTA has been creating employee benefits programs for a variety of public and private entities. In particular, GBTA has a specialty focus serving institutions of higher education. The firm also develops benefit programs for general and non-profit organizations, primarily those based in the Northeast region of America.

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Jul 19, 2019

Risk Strategies brings in senior account manager for fine arts practice

Insurance Business

Risk Strategies has added Blair Wunderlich as a senior account manager and producer to its DeWitt Stern national fine art practice.

Wunderlich has 10 years of experience working with private collectors, galleries and museums, most recently as an account executive at fine art specialty insurance brokerage Aon Huntington T. Block (HTB). In that role, her business development focused on museums, foundations, corporate collections, galleries and high net worth clients. She also helped develop new policy coverage targeting younger private collectors, as well as a focus on cyber risks and coverage programs.

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Jul 19, 2019

People on the move in the P&C insurance industry: July 19, 2019

Property Casualty 360

PropertyCasualty360 is the online destination for P&C insurance sellers and buyers providing insurance news, analysis and market trends. It is where buyers and sellers have access to breaking insurance news, industry research, compliance and legal updates, training and education, technology developments, data and trends, and more.

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Jul 18, 2019

Around the P&C insurance industry: July 17, 2019

PropertyCasualty360

Risk Strategies continues its national expansion with another acquisition this summer in San Diego. The Boston-based brokerage firm announced the acquisition of Winter Group, Inc., a specialty insurance program manager focused on the trucking industry, particularly in cross-border transportation risks. Further terms of the agreement were not disclosed.

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Jul 18, 2019

Broker Risk Strategies buys trucking and transportation specialist Winter Group

Intelligent Insurer

US insurance brokerage and risk management firm Risk Strategies has acquired California-based Winter Group, a specialty insurance programme manager with a focus on the trucking industry.

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Jul 17, 2019

Risk Strategies Acquires California’s Winter Group, Inc.

Agency Checklists

isk Strategies continues its national expansion with another acquisition this summer in San Diego. The Boston-based brokerage firm announced the acquisition of Winter Group, Inc., a specialty insurance program manager focused on the trucking industry, particularly in cross-border transportation risks. Further terms of the agreement were not disclosed.

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Jul 16, 2019

Risk Strategies acquires trucking and transportation specialist, Winter Group

Reinsurance News

U.S. domiciled broker and risk management company, Risk Strategies, has acquired trucking industry-focused specialty insurance program manager, Winter Group, Inc.

The takeover adds transportation industry expertise to Risk Strategies’ wholesale operations.

Winter Group, a transportation wholesaler that provides national insurance solutions for “virtually all facets” of both the trucking and transportation sector, has a specialist focus on cross-border transportation risks

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Jul 16, 2019

Risk Strategies acquires trucking insurance program manager Winter Group in CA

 

Insurance Business 

Risk Strategies has acquired Winter Group – a specialty insurance program manager focused on serving the trucking industry.

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Jul 16, 2019

Risk Strategies Acquires California’s Winter Group

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm headquartered in Boston, has acquired San Diego, California-based Winter Group Inc., a specialty insurance program manager with a focus on the trucking industry. 

Founded in 1995, Winter Group is a national transportation wholesaler serving all facets of the trucking and transportation industry, with a strong specialization in cross-border transportation risks.

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Jul 15, 2019

Risk Strategies adds Winter Group to growing wholesale platform

The Insurer

Expansive private equity-backed broker Risk Strategies has acquired trucking-focused specialty insurance program manager Winter Group and is lining up further transactions as it continues to build out its wholesale operations, The Insurer can reveal.

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Jun 18, 2019

Boston-based Risk Strategies Acquires Creative Insurance Solutions

Agency Checklists

Another week, another acquisition for Boston-based Risk Strategies. The brokerage firm is acquiring agencies across the nation at a rapid pace. Following its most recent acquisition on June 4th acquisition, the Boston-based brokerage and risk management firm has now added Creative Insurance Solutions to its ranks.

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Jun 17, 2019

Risk Strategies scoops up Maryland insurance firm

Insurance Business 

National insurance brokerage and risk management firm Risk Strategies has announced that it has acquired Creative Insurance Solutions, a provider of customer insurance and risk management programs to successful individuals and families.

Founded in 2006 by Steven Bender, Creative Insurance Solutions has offices in Potomac, Md., and Washington, D.C. The firm offers customized placement for insurance needs including primary and secondary residences, private collections, identity theft, lost income, and kidnap and ransom.

The acquisition expands Risk Strategies’ Mid-Atlantic footprint.

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Jun 12, 2019

Risk Strategies Adds Humphreys to National Health Care Practice in Philadelphia

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has added Ward Humphreys as senior vice president to the reinsurance team of its National Health Care Practice. His hiring is part of an ongoing strategic effort by the firm to build out this specialty practice with health care professionals.

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Jun 4, 2019

Risk Strategies Acquires MainStreet Consulting Group- Agency Checklists

Agency Checklist

isk Strategies’ presence in the Lone Star State is getting bigger. The Boston-based insurance brokerage and risk management firm has added to its growing ranks this month with the acquisition of the Houston-based MainStreet Consulting Group.

“MainStreet is a great fit for our company as we build out our presence in Texas,” said John Vaglica, Risk Strategies’ Chief Financial Officer. “We’re particularly excited that this acquisition will provide Risk Strategies entry into the energy space for the first time and do so with a highly qualified team.”

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May 31, 2019

Risk Strategies acquires Texan insurance broker MainStreet Consulting

Compelo Insurance

Risk Strategies has acquired Texas-based insurance brokerage firm MainStreet Consulting Group for an undisclosed price. The acquisition, which will help Risk Strategies to expand its presence in Texas, enables the national insurance brokerage and risk management firm to offer business coverage, benefits planning and risk management services in the state.

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May 31, 2019

Risk Strategies Acquires Texas’ MainStreet Consulting Group

Insurance Journal

Boston-based insurance brokerage and risk management firm Risk Strategies has acquired MainStreet Consulting Group, a brokerage headquartered in Conroe, Texas, just north of Houston.

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May 6, 2019

2019 Power Broker® Rising Stars

Risk & Insurance

Kierstin Johnsen and Kristina Marcigliano of Risk Strategies DeWitt Stern named 2019 Power Broker® Rising Stars.

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May 1, 2019

College admissions scandal could give risk managers the blues

Business insurance

Operation Varsity Blues made headlines worldwide as the FBI charged 50 individuals, including well-known celebrities, with participating in a nationwide college admissions scandal involving many high-profile, elite institutions. And now come the lawsuits.

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Apr 4, 2019

Cyber and executive risks are hard to divorce in today’s threat landscape

Insurance Business

“The due diligence around information security in an M&A transaction has been somewhat limited, so what we like to see our clients that are engaging in M&A activity do is a few things,” explained Rob Rosenzweig (pictured, below), national cyber risk practice leader for brokerage Risk Strategies.

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Mar 14, 2019

Risk Strategies Acquires New York City’s Krauter & Company

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Krauter & Company LLC, a specialty firm focused on the risk and insurance needs of private equity firms and their portfolio companies.

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Mar 13, 2019

Risk Strategies acquires brokerage

Business Insurance

Boston-based Risk Strategies Co. Inc. said on Tuesday it has acquired Krauter & Co. LLC, a New York-based brokerage that specializes in placing the risks of private equity firms and their portfolio companies.

Terms of the deal were not disclosed.

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Mar 12, 2019

Kelso-backed Risk Strategies buys M&A insurance provider Krauter & Co.

PE Hub Network

Kelso & Co-backed Risk Strategies acquired Krauter & Co, which specializes in working with private equity firms and their portfolio companies providing due diligence and transactional risk products, the firm said in a statement. 

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Feb 19, 2019

Declining Enrollment Brings Risk Business to Higher Ed

New England Journal of Higher Education

Significant demographic changes to college enrollment projected over the next decade mean colleges and universities need to find new ways to drive down costs as they reconfigure their approach to attracting students and generating new revenue. Drawing students from the traditional, now-dwindling applicant pool who are not keen on loading up on loan debt is one of higher education’s growing challenges.

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Feb 14, 2019

Interview with Jason Brudnick, SVP and Managing Director of Operations at Risk Strategies

The Digital Enterprise

In this interview, Jason Brudnick, SVP and Managing Director of Operations at Risk Strategies, discusses the importance of analytics tools for reducing risk, the challenge of data accuracy in the insurance industry and, he reiterates the need to use technology to improve CX. Jason has a background in Operations and Information Technology, as well as both Property & Casualty and Life & Health Insurance. Prior to Risk Strategies, Jason was the Operations Manager at the Global Insurance Network, Branch Manager at Bank of America and Branch Business Manager at Enterprise Rent-A-Car. He attended Bentley University in Waltham, Massachusetts and…

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Feb 13, 2019

Meet Bernard Lauper, CEO of MacCorkle Insurance

Bernard Lauper, CEO of MacCorckle Insurance, a Risk Strategies acquisition in 2015, sits down with Inside Napa Valley host Latife Hayson for a wide ranging discussion looking at the region’s new ‘hard market’ in insurance as many carriers pull back from covering wine country properties and how property owners can navigate this new risk management landscape.

 

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Jan 29, 2019

Risk Strategies rolls out national health care practice across all lines

Reinsurance News

Led by industry veteran Bob Dubraski, the practice is driven by a dedicated team of experts with resources across the U.S, providing analytics, consulting and creative risk management solutions to an array of healthcare organisations as well as managed care and stop loss providers.

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Jan 23, 2019

Indiana’s United Health Actuarial Services Acquired by Risk Strategies

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired United Health Actuarial Services Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based just north of Indianapolis in Carmel, Indiana.

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Jan 18, 2019

People on the move in the P&C insurance industry: Jan. 18, 2019

Property Casualty 360

Matthew Power has been appointed to lead the national wholesale and alternative distribution operations at Risk Strategies. He comes to Risk Strategies from Lexington Insurance Company where he was national branch president and head of wholesale broker engagement.

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Jan 16, 2019

Risk Strategies Hires Murray, Power in Massachusetts

Insurance Journal 

Risk Strategies, a privately held national insurance brokerage and risk management firm, has selected Bret Murray to oversee its national higher education practice. Most recently, Murray was director of risk management and insurance at Tufts University.

In a separate move, Risk Strategies has selected Matthew Power to lead its national wholesale and alternative distribution operations.

He comes to Risk Strategies from Lexington Insurance Company, where he was National branch president and head of Wholesale Broker Engagement.

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Jan 15, 2019

Is your boat crew putting you at risk?

Worth Magazine

At sea, vessel owners are also responsible for insuring their crew, but the regulations governing employment liability and the way coverage is structured work differently than they do on land. Maritime employment liability is defined by the Merchant Marine Act of 1920, also known as the Jones Act, written to protect seamen from being exploited.

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Jan 15, 2019

Strategies for Crafting Stop-Loss Contracts

Healthcare Financial Management Association

The traditional solutions for healthcare companies that opt to self-insure their employee health plans are quickly becoming antiquated in today’s challenging environment. Rising medical and drug costs, along with a dramatic spike in multimillion-dollar claims, mean that organizations seeking to self-insure could be taking on too much exposure.

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Jan 14, 2019

MRF Fires Threaten Insurance Policies

Waste360.com

Risk Strategies reacted quickly after the major event at Gan’s operation a few years ago and began looking for a new company right after, anticipating the insurer would not renew the policy.

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Jan 11, 2019

Manzi named national brokerage leader at Risk Strategies

New England Real Estate Journal

He came to Risk Strategies through its 2015 acquisition of health care specialty brokerage Dubraski & Associates, where he served as managing director, chief operating officer and practice leader.

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Jan 2, 2019

People on the move in the P&C insurance industry

Property Casualty 360 

People on the move in the P&C insurance industry.

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Jan 2, 2019

Business Insurance: Comings & Goings

Business Insurance

RSC Insurance Brokerage Inc. named Boston-based Mark Manzi to be national brokerage leader. Previously, Mr. Manzi was property/casualty division leader for the firm’s health care practice.

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Dec 27, 2018

Promotions, Appointments, & Accolades In The Massachusetts Insurance Industry This Week

Agency Checklists

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced it has appointed Mark Manzi as national brokerage leader. Manzi, an industry veteran with 30 years’experience placing and negotiating coverage, began his career at Marsh in New York.

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Dec 20, 2018

Risk Strategies Appoints Manzi as National Brokerage Leader

Insurance Journal

Manzi, an industry veteran with 30 years of experience placing and negotiating coverage, began his career at Marsh in New York. He came to Risk Strategies through its 2015 acquisition of health care specialty brokerage Dubraski & Associates, where he served as managing director, chief operating officer and practice leader.

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Dec 17, 2018

RiskPro Global Partners acquired by Risk Strategies

Dallas Innovates

Dallas-based RiskPro Global Partners—a full-service property, casualty, and employee benefits firm—has been acquired by Risk Strategies, a Boston-based privately held insurance brokerage and risk management firm.

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Dec 12, 2018

Risk Strategies picks up P&C employee benefits firm in Dallas

Insurance Business Magazine

Founded in 2017 by Gary Griffith and Travis King, RiskPro Global Partners focuses on industries such as real estate, financial services, hospitality, healthcare, construction, and technology. The firm also specializes in practices such as employee benefits, executive risk and cyber liability.

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Dec 12, 2018

Dallas’ RiskPro Global Partners Acquired by Risk Strategies

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired RiskPro Global Partners, a full-service property/casualty and employee benefits firm headquartered in Dallas, Texas.

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Dec 10, 2018

Risk managers, insurers should heed report’s climate change warnings: experts

Business Insurance

A climate report released by the federal government featured dire warnings about the impact climate change will have on different regions and industry sectors in the United States and the economic losses that will materialize if climate warming continues largely unchecked – warnings that risk managers and insurers should heed and react to given that such warming could raise major insurability and liability questions, experts say.

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Nov 14, 2018

As Art Collections Grow, So Do the Places That Stash Them

The New York Times

“An insurance company may find itself out of capacity at a particular storage site where there is several billion dollars in insured art at the location,” said Steven Pincus, who leads the national fine art practice at DeWitt Stern, an insurance brokerage firm based in Manhattan.

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Nov 13, 2018

Risk Strategies opens up on latest acquisition

Corporate Risk and Insurance

According to Greenbaum, the Arkin Youngentob acquisition came about partly due to Risk Strategies’ reputation for deals in the industry.

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Nov 12, 2018

Cyber Risk with Robert Rosenzweig, RPLU

PLUSblog

From the 2018 PLUS Conference in San Diego, Robert Rosenzweig, RPLU of Risk Strategies discusses the evolution of cyber risk.

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Nov 12, 2018

PLUS Experts: One of the Biggest Gaps in Cyber is Explaining it to Customers

Insurance Journal

“For the buyers, it’s a crowded and noisy and confusing marketplace,” said Robert Rosenzweig, senior vice president and national cyber risk practice leader for Risk Strategies.

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Oct 31, 2018

Risk Strategies Acquires Maryland’s Arkin Youngentob Associates

Insurance Journal

In addition to employee benefits, Arkin Youngentob focuses on the design of executive benefits, including multi-life disability and life, key person, company-owned life insurance, carve outs, business succession funding and corporate-sponsored retirement plans.

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Oct 31, 2018

Risk Strategies acquires employee benefits firm in fourth swoop this year

Corporate Risk and Insurance

Arkin Youngentob, which was founded in 1981, has earned an industry reputation for its expertise in creative design and alternate funding structures for benefit plans, Risk Strategies said. The firm’s focus industries include real estate services, construction firms, technology companies and government contractors, as well as associations and non-profit organizations.

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Oct 23, 2018

Elite Agencies 2018

Insurance Business

Across the US, thousands of insurance agencies and brokerages service the needs of individuals and businesses, but few do it so exceptionally that they’ve earned the right to be called ‘elite’. IBA’s fifth annual Elite Agencies report spotlights 35 agencies that are attaining new heights while reshaping the insurance business of tomorrow.

 

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Oct 23, 2018

Business Moves: Risk Strategies, Select Insurance Markets,. Preferred Personal Insurance Agency

Insurance Journal

Risk Strategies, Select Insurance Markets, Preferred Personal Insurance Agency

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Texas-based firms, Select Insurance Markets LLP (SIM) and Preferred Personal Insurance Agency LLP (PPIA). Terms of the deal were not disclosed.

 

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Oct 23, 2018

Risk Strategies Hires Morin as VP of University Health Plans in Massachusetts

Insurance Journal

Risk Strategies, a privately held national insurance brokerage and risk management firm, has hired Boyce Morin as vice president of University Health Plans, the firm’s specialty division focusing on the design, placement and service of college and university student health insurance programs

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Oct 23, 2018

Using Cyber Insurance to Mitigate Risk: Getting Savvy About Cost and Policy Terms

Cybersecurity Law Report

Companies are increasingly turning to cyber insurance to offset risk. While coverage exists for a variety of potential losses and liabilities caused by cyber risk, it can be difficult to keep track of the evolving market and to understand confusing policy terms.

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Sep 26, 2018

FOCUS ON HIGH-NET-WORTH INSURANCE

The Rough Notes Company, Inc.

Many individuals don’t recognize their need for specialized coverage.They pay upwards of $250,000 annually for personal insurance. And according to Statista research, there were 4.78 million of them in 2015. These are today’s high-net-worth and ultra-high-net-worth individuals. These are also the individuals who make up a burgeoning insurance market in the United States.

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Sep 21, 2018

Family Office Advisors Thinking Outside the Box: Finding Innovative Solutions to Common Problems

Family Office Exchange

As lawyers, we are taught to zealously advocate for the client or the position we represent. At its best, this advocacy almost always entails thinking outside the proverbial “box.” Having a lawyer who knows when and how to solve problems with creative thinking can make all the difference, but what happens when advisors apply the same mindset? 

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Sep 20, 2018

Worth: Are you signing on to unnecessary risks?

Successful individuals and families lead fast-paced, dynamic lives. Part of that lifestyle may include situations such as undertaking major home renovations, hosting elaborate events at luxury venues and loaning treasured artworks to galleries, museums or traveling exhibitions.

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Aug 28, 2018

Catastrophe modelers respond to growing wildfire threat

Business Insurance

As insured losses from wildfires continue to grow in California and elsewhere, demand for better information and modeling is rising, and catastrophe modelers are responding with new and updated products.

“The sizable fires that occurred in 2017 and earlier have driven demand,” said Peter Fallon, senior vice president at brokerage Risk Strategies Co. Inc., in an email.

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Aug 22, 2018

Wildfire risk: The long-term impact on insurance

Corporate Risk and Insurance

As California endures its worst wildfire yet, property owners face risks from all angles. Sandy Leon, senior vice president at Risk Strategies weighs in..."The extreme weather trend is likely to have a wider impact on the insurance market..." 

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Aug 15, 2018

Top 100 Property/Casualty Agencies

Insurance Journal

 14th annual Insurance Journal Top 100 Independent Property/Casualty Agencies report.The Top 100 list is ranked by total property/casualty agency revenue and comprises only those agencies whose business is primarily retail, not wholesale.

Risk Strategies was named one of Insurance Journal’s Top 100 Independent P/C Agencies. Ranked #11.

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Aug 15, 2018

Risk Strategies’ acquisition of Oxford Risk Management Group

Global Legal Chronicle

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, finalized the acquisition of Oxford Risk Management Group, an established leader in alternative risk and captive insurance and consulting. 

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Jul 27, 2018

How Industry Changes are Making Insurance Options More Competitive

Waste360.com

Pam Caron of Risk Strategies shares how the national brokerage is keeping up with industry changes and helping companies choose the right insurance for their needs.

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Jul 23, 2018

Risk Strategies CEO: Emerging risks, captive insurance and consolidation

Corporate Risk and Insurance 

Risk management and broking firm Risk Strategies has been on the acquisition trail this year, growing its business through several deals. Its latest move saw it purchase Oxford Risk Management Group, an alternative risk, captive insurance and consulting firm, for an undisclosed sum.

Corporate Risk and Insurance spoke to Risk Strategies’ CEO Mike Christian to find out more about the deal, and the big risks facing companies.

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Jul 18, 2018

Around the P&C insurance industry: July 18, 2018

PropertyCasualty360

News from LexisNexis Risk Solutions, Risk Strategies, Arthur J. Gallagher & Co. and more.

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Jul 18, 2018

Risk Strategies acquires Oxford Risk

Captive Insurance Times

US brokerage and risk management firm Risk Strategies has acquired Oxford Risk Management Group, a leading captive insurance consultancy.

Oxford Risk specialises in captive feasibility studies, coordination, and management of turn-key captive arrangements, both domestically and internationally.

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Jul 18, 2018

Risk Strategies Acquires Maryland’s Oxford Risk Management Group

Insurance Journal 

Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired Oxford Risk Management Group, a Sparks, Md.-based provider of alternative risk and captive insurance and consulting. 

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Jul 18, 2018

Risk Strategies acquires captive consultancy

Business Insurance 

Risk Strategies Co. Inc. has acquired captive consultancy Oxford Risk Management Group.

Sparks, Maryland-based Oxford conducts captive feasibility analysis, coordination and management of turn-key captive insurer arrangements, both domestically and internationally, according to a statement published Tuesday by the Boston-based brokerage. Terms of the deal were not disclosed.

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Jul 2, 2018

Business Moves: Risk Strategies, Corporate Benefit Audits

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Corporate Benefit Audits, a firm providing claim outsourcing and audit services to the medical stop loss, managed care and self-funded industries. Terms of the deal were not disclosed.

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Jun 20, 2018

Risk Strategies adds another benefits firm to its acquisition roster

Employee Benefit Adviser

National insurance brokerage and risk management firm, Risk Strategies, announced the acquisition of Craford Benefit Consulting, a full-service employee consulting and benefit brokerage firm headquartered in San Rafael, Calif.

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Jun 19, 2018

Risk Strategies Acquires Craford Benefit Consultants in California

Insurance Business

Risk Strategies has acquired San Rafael, Calif.-based Craford Benefit Consultants. Craford is an employee consulting and benefits brokerage firm that also has offices in Portland, Ore. and Charlotte, N.C.

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Jun 19, 2018

Risk Strategies acquires employee benefits brokerage Craford

Intelligent Insurer

Insurance brokerage and risk management firm Risk Strategies has acquired California-based employee consulting and benefits brokerage Craford Benefit Consultants. The deal expands its geographic footprint and builds expertise in complex cases and financial modelling.

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Jun 19, 2018

Risk Strategies expands employee benefits practice with new acquisition

Insurance Business

Risk Strategies, a national insurance brokerage and risk management firm, has announced the acquisition of a California-based employee consulting and benefits brokerage.

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Jun 13, 2018

Cincinnati insurance firm acquired by Boston company

Cincinnati Business Courier

The founders of a little-known Cincinnati insurance brokerage firm have sold the company after more than three decades. Risk Strategies acquires Cincinnati insurance firm..

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Jun 12, 2018

A Busy Month For Risk Strategies With Two More Acquisition Announcements

Agency Checklists

On the heels of its acquisition of CBG Benefits Group, Inc., Risk Strategies has announced two more acquisitions. On May 22, 2018, the Boston-based insurance brokerage and risk management firm added to its growing Employee Benefits Practice with the acquisition of another Boston-based firm, Corporate Benefit Audits (CBA). 

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Jun 6, 2018

Risk Strategies Acquires Cincinnati Intermediaries

Insurance Journal

National insurance brokerage and risk management firm, Risk Strategies, has acquired Ohio-based Cincinnati Intermediaries LLC, a specialty wholesale brokerage and managing general underwriter (MGU) focused on professional liability.

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May 23, 2018

Corporate Benefit Audits (CBA) acquired by Risk Strategies

Reinsurance News

The privately held national insurance brokerage and risk management firm Risk Strategies has announced the acquisition of Massachusetts-based Corporate Benefit Audits (CBA).

CBA has operated since its founding in 1992 and provides outsourced claim auditing services to clients including stop loss carriers, managing general underwriters, reinsurance companies and self-funded employers.

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May 23, 2018

Risk Strategies Acquires Massachusetts’ Corporate Benefit Audits

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has announced the acquisition of Corporate Benefit Audits (CBA), a firm providing claim outsourcing and audit services to the medical stop loss, managed care and self-funded industries.

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May 22, 2018

Why is social engineering the biggest threat to your personal assets and security?

https://www.youtube.com/watch?time_continue=2&v=ZSLNbwrn0RY

Worth Magazine

Every day we hear of new cyber risks and data breaches. While these issues might seem to be purely a technology problem, a closer look is warranted.

What that look will reveal is that the risks faced by high net worth individuals, their families and their businesses demonstrate a broad threat landscape. What’s more, that landscape incorporates not just cyber entities but people and processes as well.

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May 22, 2018

Risk Strategies Expansion Continues With Addition Of Another Massachusetts Employee Benefits Practice

Risk Strategies continues to grow its employee benefits practice at a brisk pace with the announcement of its third agency acquisition in the past year. The Boston-based firm’s latest addition to its roster is the Costello Benefits Group, Inc. also known as CBG Benefits Group, Inc.

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May 17, 2018

Risk Strategies Acquires Massachusetts’ Costello Benefits Group

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Costello Benefits Group (CBG Benefits Inc.), a full-service employee benefits brokerage firm headquartered in Woburn, Mass. This acquisition is part of a broader strategy for Risk Strategies in the last year, in which it has brought three separate, independent specialty agencies and brokerages into its operations that are focused exclusively on employee health and welfare program challenges.

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May 17, 2018

Risk Strategies acquires Massachusetts employee benefits firm

Insurance Business 

National insurance brokerage and risk management firm Risk Strategies has announced the acquisition of Costello Benefits Group (CBG Benefits), a full-service employee benefits brokerage firm headquartered in Woburn, Massachusetts. CBG Benefits serves human resources and corporate finance departments, developing and implementing health and welfare benefits programs and workplace wellness programs, as well as assisting with regulatory compliance, employee communication and benefits technology.

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Apr 23, 2018

Reputation and litigation at stake after millions of fitness enthusiasts get hacked

Insurance Business America

Reputation and litigation at stake after millions of fitness enthusiasts get hacked on Under Armour's popular app MyFitnessPal. 

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Apr 23, 2018

Inventory Check Shows Over 300 Books Stolen

Risk & Insurance

With global internet sales of stolen books changing the risk management equation, book dealers look for solutions to protect these antique treasures. Margaret Bussiere, vice president, DeWitt Stern, the fine-arts division of specialty brokerage Risk Strategies shares her input.

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Mar 22, 2018

Rising prices for some rare books make them a target for thieves who quickly sell them online

Pittsburgh Post-Gazette

“Awareness of rare books as having a high value has increased, not the actual value of the books themselves. The book market, like the antiques market, is actually depreciating as the buyers are aging out,” said Margaret Bussiere, vice president at DeWitt Stern Group, an insurance brokerage and risk management firm in New York City.

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Mar 15, 2018

Averting the regulatory roadblocks of insurance’s hot new product

Insurance Business America

Like all areas of business, the recreational and medical cannabis industries need the backing of insurance. However, many insurance companies are steering clear of cannabis risks until legislation becomes more standardized across the US, or the federal government gives the drug the green light.

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Feb 28, 2018

Who needs an art collection appraisal, anyway?

Worth Magazine

Great personal art collections can kind of sneak up on you. The thrill of finding and adding new pieces can easily overshadow an equally important, but seemingly tedious, aspect of art ownership: ensuring that your collection is fully inventoried, currently valued and adequately covered.

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Feb 22, 2018

Risk Strategies acquires specialty brokerage

Insurance Business

Risk Strategies has acquired Prosurance Redeker Group, a specialty brokerage serving architects and engineers by providing risk-management consultation and the placement of professional liability and other business insurance coverages.

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Feb 22, 2018

Risk Strategies Acquires New York City’s Prosurance Redeker Group

Insurance Journal

Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects and engineers.

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Feb 20, 2018

2018 Power Broker- Fine Arts

Risk & Insurance

A great broker is not only well-versed in finding the right insurance but can also eloquently explain various coverages and solutions to clients outside the field — no easy task, to be sure. Mary Pontillo, DeWitt Stern’s national fine art practice leader, places value in educating her clients on the different types of insurance coverages available to them.

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Feb 16, 2018

Risk Strategies appoints managing director for marine division

Insurance Business 

Stamper has been with Atlass for 17 years. He began his brokerage career in 1986 with World Marine Underwriters in Fort Lauderdale. He joined the Risk Strategies family of companies in May 2016.

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Feb 14, 2018

Risk Strategies names Scott Stamper MD of Atlass Insurance Group

Reinsurance News

Insurance brokerage and risk management firm, Risk Strategies has announced the appointment of Scott Stamper as Managing Director (MD), tasked with running the daily operations of the firm as well as assisting with the growth of its recreational and commercial marine unit, Atlass Insurance Group.

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Feb 14, 2018

Stamper Appointed Managing Director of Risk Strategies in Florida

Insurance Journal

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has appointed Scott Stamper as managing director to run day-to-day operations and help guide the growth of Atlass Insurance Group, the company’s recreational and commercial marine division.

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Feb 6, 2018

What is driving strong M&A activity in the benefit brokerage market?

Employee Benefit Advisor

Risk Strategies has been on a tear buying firms at the rate of roughly one a month in 2017. In addition to BNIA, Risk Strategies recently bought three brokerages with benefit focuses: Boston-based Mosse & Mosse, Tikia Consulting, based near New Orleans; and TSG Financial on Long Island, N.Y.

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Feb 2, 2018

Risk Strategies to Offer DirectPath’s Advocacy and Transparency Service

Life Insurance International

Risk Strategies Company, an insurance brokerage and risk management firm in the US, has signed an agreement to offer DirectPath’s Advocacy and Transparency Service to its clients.

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Jan 31, 2018

Three Large Companies Take Employee Health Benefits Into Their Own Hands

Plansponsor.com

John Greenbaum, national employee benefits practice leader at Risk Strategies Company, says the news is unsurprising to him. “For some time now, employers of all sizes have been struggling on behalf of their employees to deal with a system completely out of alignment with their needs. Costs rise, even as covered services fall, affecting wage growth, worker well-being and business productivity,” he says.

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Jan 25, 2018

Risk Strategies Acquires Benefits Network Insurance Agency

Intelligent Insurer

Risk Strategies Company, a privately broker and risk management firm, has acquired Benefits Network Insurance Agency (BNIA), a specialist broker focused on the development of employee benefits plans.

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Jan 25, 2018

Risk Strategies Company Acquires Ohio Specialist Brokerage

Insurance Business

Risk Strategies Company, a privately held national insurance and risk-management firm, has acquired Benefits Network Insurance Agency (BNIA), a specialist brokerage with a focus on developing employee benefits plans. Terms of the acquisition were not disclosed.

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Jan 24, 2018

Risk Strategies Acquires Ohio’s Benefits Network Insurance Agency

Insurance Journal

Risk Strategies Co., a privately held national insurance brokerage and risk management firm, has acquired Benefits Network Insurance Agency (BNIA), a specialist brokerage focused on the development of employee benefits plans. Terms of the deal were not disclosed.

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Dec 18, 2017

Splurged on an Expensive Gift? Don’t Forget to Insure It

Nerdwallett.com 

If you’re ordering something expensive online, make sure it won’t sit on a front porch unattended. “Porch theft is a hot new cottage industry,” says Bob Courtemanche, a senior director at Risk Strategies Company, a national insurance brokerage firm.

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Dec 13, 2017

Around the P&C insurance industry: Dec. 13, 2017

PropertyCasualty360.com

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm,has acquired Delmarva Surety.

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Dec 8, 2017

Wealthy Face Extra Holiday Season Risks

Financial Advisor Magazine

Although laws vary by state, the host is usually responsible for damages caused by guests who leave the premises drunk and then get in an accident, warned Bob Courtemanche, national private client practice leader for Risk Strategies Company, an insurance brokerage based in Boston.

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Oct 20, 2017

Check Your Insurance Policy for Fire Coverage

The Wall Street Journal

“So many clients don’t properly insure the replacement value for their homes, and they don’t understand what it would cost to rebuild their home today,” said Bob Courtemanche, private client practice leader at insurance brokerage Risk Strategies Co.

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Sep 20, 2017

Short-term Ramifications for the Cyber Marketplace after Equifax

Insurance Business

But what does the massive breach mean for the US cyber insurance market? Rob Rosenzweig, vice president and national cyber practice leader for insurance brokerage Risk Strategies Company, spoke to Insurance Business and shared some thoughts.

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Sep 18, 2017

One Point the Equifax Breach Drives Home

InformationWeek

"While there is significant upside to the utilization of outsourced vendors in managing expense, obtaining a higher level of security and realizing operational efficiencies; the flipside is that organizations lose control and still retain all of the risk."

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Sep 8, 2017

How the Hurricane Season Will Affect Our Wallets

U.S. News & World Report

Typically, premiums don't go up from one hurricane, even a devastating one, according to Mike Christian, CEO of Risk Strategies Company, a national insurance brokerage and risk management firm based out of Boston.

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Sep 7, 2017

Risk Strategies Acquires Pennsylvania’s Cornerstone

Insurance Journal

Based in Philadelphia, Penn., Cornerstone specializes in medical malpractice insurance for physicians and surgeons. Founded in 2002 and led by its current president, Chris Zuccarini, Cornerstone works with more than 3,000 physicians and surgeons in solo practice and large groups across a variety of specialties including radiology, orthopedics, anesthesia and neurosurgery.

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Sep 4, 2017

Market Ready to Offer Flood Coverage as NFIP Awaits Reauthorization

Business Insurance

“That clarification needs to happen so people aren’t hurt by virtue of joining the private market,” said Janet Bordonaro, flood underwriting manager for Flood Advantage Partners, a member of managing general underwriter and wholesale broker Advanced E&S Group, based in Bonita Springs, Florida.

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Aug 30, 2017

Taxpayers Face Lion’s Share of $50bn Storm Harvey Bill

The Financial Times

Flood insurance is in many cases affordable, industry executives say. “People just don’t ever think it’s going to happen to them,” said Janet Bordonaro, flood underwriting manager at the insurer Flood Advantage Partners.

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Aug 16, 2017

What to Know About New York State Paid Family Leave

ThinkAdvisor.com

New York employers should by now be aware that the state passed paid family leave (PFL) legislation in April of 2016. Since then, a second set of draft PFL regulations were set forth and the notice and comment period closed on June 23, which means it’s time for local businesses to prepare.

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Jul 13, 2017

Risk Strategies Snaps Up Employee Benefits Duo

Captive Insurance Times

Sobelman joins as senior vice president, while Genovese will serve as senior strategic consultant. Both will be based in the company’s New York offices.

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Jun 27, 2017

Ransomware Attack on DLA Piper Serves as a Warning Sign for Law Firms

The American Lawyer

The best-case scenario in some ransomware attacks would be having an incident response plan in place that involves an off-site server back-up that could potentially restore the systems’ computers, said Robert Rosenzweig, another cybersecurity expert and national leader of the cyber practice at insurance brokerage Risk Strategies Co.

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Jun 14, 2017

From “Just Needing a Job” to Being an Insurance CEO

Insurance Business

Having worked for some large corporations and been on the end of a number of acquisitions as an employee, Christian decided to start his own firm, setting up Risk Strategies as a risk management consulting firm initially, not a brokerage. That set the tone for what the company has since become –  one that takes a “thoughtful, consultative, advisory” approach with its clients, according to its leader.

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Jun 7, 2017

157: Follow the Talent | Mike Christian, CEO, Risk Strategies Company

Middle Market Executive

Having grown to 38 offices and more than 900 employees, Risk Strategies Company has entered the ranks of leading national insurance brokers with a strut that signals an appetite for M&A. Join us when the firm’s founder and CEO Mike Christian explains how acquiring companies in key markets, with key business practice areas has made the firm a discriminating buyer inside an industry known for its frequent waves of consolidation.

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Jun 6, 2017

Commercial Auto Carriers in Exit “Stampede”

Insurance Business

“You have a limited pool of carriers and a large percentage of those have pulled out or severely restricted their underwriting just in the last eight months.

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Jun 5, 2017

Agency Owner Tells of Difficult Decision to Sell Up

Insurance Business

We hear a lot about acquisitions – now more than ever in the current merger market – from the perspective of the buyer company. What we don’t always hear is the deal from perspective of the company owners who were bought out.

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May 25, 2017

Risk Strategies Continues Build-out with Brightstone Deal

The Insurance Insider

Private equity-backed US broker Risk Strategies has continued its run of acquisitions with an agreement to buy Brightstone Insurance Services.

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May 2, 2017

The New England Journal of Higher Education

Retirement Plan Lawsuits: Preparing for the Storm

As the lawyers are deployed and the billable hours accrue, it's timely to examine how those who have responsibility for retirement plan oversight—directors, officers, trustees, plan administrators and human resources personnel—might be surprised to find their personal assets are exposed for investment decisions made by others.

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Apr 26, 2017

Why Passing on Cyber-risk Insurance Could be a Big Mistake

SearchManufacturingERP

"If there's internet connectivity, and a hacker's only goal [is] system manipulation to cause injury or damage infrastructure, that type of loss would be focused on with cyberinsurance," said Rob Rosenzweig, a vice president and the national cyber-risk practice leader at Risk Strategies Company.

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Apr 7, 2017

Be Wary of ‘Bear Raiders’

Risk & Insurance

Allegations of short-selling based on cyber security rumors create a new vulnerability for risk managers.

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Mar 28, 2017

Risk Strategies Co. Acquires Dallas-Based Terrell Insurance Services

Insurance Journal

Boston-based Risk Strategies Co. has acquired Terrell Insurance Services, an independent insurance agency headquartered in Dallas.

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Mar 28, 2017

Risk Strategies acquires Terrell Insurance

Intelligent Insurer


US insurance broker Risk Strategies has acquired Terrell Insurance to expand its Dallas operations, less than a year after entering the Texas market.

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Mar 27, 2017

Risk Strategies buys Terrell agency in Dallas

The Insurance Insider

Risk Strategies acquired Terrell Insurance to expand its Dallas operations, less than a year after entering the Texas market.

 

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Mar 3, 2017

The Threat from Within

Risk & Insurance

Rob Rosenzweig, vice president and national cyber risk practice leader at Risk Strategies Company, said risk managers must take ownership of cyber security.

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Feb 22, 2017

Eight Questions for Mary Pontillo

Risk & Insurance

Intrigued by the unique world of risk she handles, Risk & Insurance® asked (Risk Strategies Company subsidiary) DeWitt Stern Vice President and 2017 Power Broker® winner Mary Pontillo to tell us more about her love for fine art and why helping to cover risk in the art world means so much to her.

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Jan 24, 2017

Becker’s ACA Review

14 healthcare thought leaders on President Trump's executive order on the ACA

John Greenbaum. National Practice Leader of Employee Benefits of Risk Strategies Company (Boston). "The executive order's references to 'makers of medical devices, products or medications' could lead to the suspension of the medical device tax and the tax on the pharmaceutical industry.

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Jan 23, 2017

Risk Strategies Company Acquires Massachusetts’ University Health Plans

Insurance Journal

Risk Strategies Company, a privately held national insurance brokerage and risk management firm, has acquired University Health Plans (UHP), a Quincy, Mass., based brokerage firm specializing in student health insurance programs.

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Jan 19, 2017

Healthcare Risk Management Review

Risk Strategies acquires rival broker University Health Plans

The company said the move adds significantly to the company's leading Higher Education Practice group. Terms of the deal were not announced.

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Jan 5, 2017

Appointing a Cyber Point Person to Minimize Impact of the Inevitable

New York Law Journal

Rob Rosenzweig and Uri Gutfreund, of Risk Strategies Company, offer strategies for minimizing the impact of data breaches.

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Dec 20, 2016

Hollywood-based Insurance Agency Acquired

Sun Sentinel

Hollywood-based Advanced Insurance Underwriters has been acquired by Risk Strategies Company, a privately held national insurance brokerage and risk management firm, the companies announced  Tuesday.

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Dec 13, 2016

Gazing Ahead: Security Predictions, Part 5

SC Magazine

Rob Rosenzweig, vice president and national cyber risk practice lead, Risk Strategies Company
Because they've been slower to adopt appropriate safeguards and policies, we will see significantly more breaches impacting middle-market companies.

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Nov 18, 2016

How to Manage Data Risk

Providence Business News

According to a poll of business owners and risk managers, cybersecurity and data privacy are the most concerning business risks, over natural disasters, corporate liability and changing legislation or regulation.

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Oct 29, 2016

Antique Teddy Bears and an Artist’s Trash: An ‘Art Dork’ in Her Element

The New York Times

Q. What type of company is DeWitt Stern, and what do you do there?

A. We’re a subsidiary of the Risk Strategies Company in Boston. I insure artwork, mostly for galleries, private collections and individual artists.

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Oct 14, 2016

Risk Strategies Company Acquires New York Based TSG Financial

Insurance Journal

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has strengthened its employee benefits practice and made its first move to offer wealth management and retirement plan services with the acquisition of Garden City, New York, based TSG Financial. Terms of the deal were not disclosed.

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Oct 14, 2016

Risk Strategies Acquires TSG Financial

Plan Adviser

Risk Strategies, a privately-held national insurance brokerage and risk management firm, has announced the acquisition of TSG Financial. The move marks the firm’s first venture into offering wealth management and retirement plan services as part of its employee benefits practice.

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Sep 9, 2016

Leon and Bonk Join Risk Strategies’ Midwest Private Client Practice Team

Insurance Journal

Insurance and risk management firm, Risk Strategies Co., has expanded its Chicago staff with the addition of two experienced practitioners, Sandy Leon and Andrew Bonk, to the company’s Private Client Group.

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Jul 27, 2016

Are Insurers Ditching PPOs?

Healthcare Drive

“In the large group market, traditional PPO offerings have been on the decline for the last several years as Consumer Driven Health Plans have gained popularity,” says John Greenbaum, senior vice president and employee benefits practice leader at national insurance brokerage Risk Strategies Company. “In the group market, the move has largely been driven by market concern over the now-delayed Cadillac tax.”

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Jul 14, 2016

Workers Comp Cycle Poised to Tighten for Insurers, Buyers

Business Insurance

Workers compensation buyers have benefited from increased competition in recent years, but some companies could find it difficult to secure coverage as early as 2017 if underwriting loss predictions are realized

"Many clients didn't necessarily feel the need to shop their business in 2015," Boston-based vice president of Risk Strategies Co. Inc. Mike Vitulli said in an email

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Jun 23, 2016

Broker Acquires Professional Liability Agency

Business Insurance

Risk Strategies Co. has acquired Dallas-based McLaughlin Brunson Insurance Agency L.L.P., Risk Strategies said in a Monday statement.

The terms of the deal were not disclosed. McLaughlin Brunson Insurance Agency is a provider of professional liability, property/ casualty and health insurance.

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Jun 21, 2016

Risk Strategies Acquires Dallas-Based McLaughlin Brunson Agency

Insurance Journal

National insurance brokerage and risk management firm, Risk Strategies Company, has acquired Dallas-based McLaughlin Brunson Insurance Agency.

McLaughlin Brunson provides insurance products and services to architects, engineers and certified professional accountants in Texas and Oklahoma.

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Jun 6, 2016

Risk Strategies Acquires OakBridge Advisors in California

Insurance Journal

Risk Strategies Co. has acquired employee benefits firm OakBridge Advisors in Newport Beach, Calif.

Founders Edward Kirkwood and Lawrence Hartley their staff will continue serving their current client base.

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Jun 2, 2016

Marine Insurance Group Scooped up by Boston Firm

South Florida Business Journal

Fort Lauderdale-based Atlass Insurance, a brokerage and risk management firm for the marine industry, has been acquired by Boston-based Risk Strategies Company.

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Jun 2, 2016

Advisers, Brokers Looking to Strengthen Critical Partnership with Insurance Carriers

Employee Benefits Advisers

It is important to have meetings with high-level contacts from across the country, believes Chris Powers of Risk Strategies Group. With his firm’s 23 locations across the country from Boston to Los Angeles, “it is important to be in a location where you can get to high-end decision-makers” at carriers, he explains. “As we continue to increase our profile as a company, we have a lot of carrier meetings and other contacts to make.”

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Jun 2, 2016

Risk Strategies Company Acquires Atlass Insurance Brokerage

Boating Industry

Founded in 1981, Atlass Insurance is an insurance brokerage and risk management firm focused on owners and operators of boats, yachts and commercial vessels worldwide. The acquisition of Atlass, headquartered in Fort Lauderdale with a second location in Cocoa, Fla., marks the first entry into Florida for Risk Strategies Company as it continues to build out its national presence and capabilities in its specialty practice areas.

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Jun 1, 2016

Risk Strategies Establishes Florida Footprint With Acquisition of Atlass Insurance

Insurance Journal

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired Florida-Based Atlass Insurance Group, significantly adding to the resources of its Private Client practice.

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Jun 1, 2016

Around the P&C insurance industry: June 1, 2016

Property & Casualty 360

Boston-based insurance brokerage Risk Strategies Co. said it has acquired Fort Lauderdale, Fla.-based brokerage Atlass Insurance Group. Terms were not disclosed, but Risk Strategies said that Atlass employees will continue to work from their Florida and Rhode Island offices.losed. 

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May 16, 2016

New England Journal of Higher Education

How Universities Can Map their Way to Smarter Risk and Cost Control

Demographic changes, shrinking federal and state support, a lethargic economic recovery, anemic endowment returns and increasing wariness of student loan debt comprise a perfect storm converging on America’s mid-sized colleges and universities, threatening to swamp their finances in seas of red ink.

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May 1, 2016

How to Make a Liberal Arts Degree a Career Asset

Fortune.com

In 2011, after a couple of years at online art dealer Artnet, Weiss moved to the New York City-based DeWitt Stern unit of giant insurance brokerage Risk Strategies Co. She has a pretty glamorous job, insuring valuable art for galleries, private collectors, artists, and museums all over the world.

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Apr 18, 2016

Cutting Costs a Likely Driver of Workers’ Comp Opt-Out Rules

Workforce Magazine

The practical issues driving the rise of these systems, even more so than a court ruling, are more likely to determine the fate of the opt-out systems and the effort to spread them beyond Texas and Oklahoma.

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Apr 5, 2016

Risk Strategies Acquires Maggs & Associates in New York

Insurance Journal

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm based in Boston, announced Tuesday that it has acquired Maggs & Associates in Schenectady, New York. Terms of the transaction were not disclosed.

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Apr 4, 2016

High Net Worth Risks

Risk & Insurance

New York-based Bob Courtemanche, senior managing director and practice leader for Risk Strategies Cos.’ eight-year-old private client group, said that “when it comes to cyber threats, hackers accessing emails of the wealthy to arrange money wire transfers to themselves is definitely a growing issue.”

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Mar 28, 2016

Employer Challenges Opt-Out Ruling

Business Insurance

The challenge to the Oklahoma Employee Injury Benefit Act that’s before the state Supreme Court has put a chill on the workers compensation opt-out movement and may prompt some employers to return to the state comp system.

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Mar 28, 2016

Keeping Your Kids Safe Along With Your Network

CSOonline.com 

There is one big exception to that last idea, though: the children of the very rich, who cybercriminals see as a potential gateway to their families' wealth. According to Bob Courtemanche, senior managing director, Private Client Practice Leader at Risk Strategies Company, cybercriminals use the usual attack vectors on wealthy teen's online accounts

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Mar 21, 2016

Why Companies Won’t be Opting Out of Opt-Out Anytime Soon

Insurance Journal

A recent ruling by the Oklahoma Workers’ Compensation Court undercutting so-called “opt-out” systems has set off a flurry of speculation about such systems, including whether this ruling signals the beginning of their end.

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Mar 8, 2016

Boston Company Acquires Englewood Cliffs Insurance Firm

North Jersey

A rapidly growing Boston-based insurance brokerage and risk management firm said Monday it acquired Englewood Cliffs-based insurance firm Lester Brokerage. Financial terms were not disclosed.

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Mar 8, 2016

Risk Strategies Acquires Lester Brokerage in New Jersey

Insurance Journal

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm based in Boston, announced that it has acquired Lester Brokerage, an independent agency in Englewood Cliffs, New Jersey. Terms of the transaction were not disclosed.

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Feb 4, 2016

Insurance Broker Adds Private Client VP

The Nashville Post

Insurance brokerage Risk Strategies Company has recruited a personal lines manager from fellow national player Brown & Brown of Tennessee to expand its private client group.

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Feb 4, 2016

Risk Strategies Company Adds Wiek to Private Client Team in Nashville

Insurance Journal

Risk Strategies Company, a privately held, rapidly growing national insurance brokerage and risk management firm, has expanded its nationwide Private Risk Management (PRM) practice with the hiring of Carol Wiek as vice president, private client. Wiek is based out of the Nashville office of Crow Friedman Group, which Risk Strategies acquired in 2014.

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Feb 1, 2016

Society For Human Resource Management

How to Create Vendor Partnerships Based on Trust

Janis Simat, chief human resources officer at Risk Strategies Co., a midsize national insurance brokerage and risk-management firm headquartered in Boston, views vendors as extensions of the internal team. “I think it’s important for them to understand the challenges and opportunities we have and how their partnership fits into our overall strategy,” she says.

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Jan 22, 2016

Risk Strategies Hires Landry as Loss-Control Engineer in Boston

Insurance Journal 

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has hired Amy M. Landry as a property loss-control engineer. Landry is based in Risk Strategies’ Boston headquarters office.

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Dec 15, 2015

The 4 Risks That Keep the Wealthy Up at Night

ThinkAdvisor

Jeff Kaplan, senior vice president and family office practice leader at Risk Strategies Company in Boston, cited that his clients’ worst nightmare is the risk associated with hosting a social event, which can produce a large-dollar liability scenario.

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Dec 8, 2015

Risk Strategies Company Acquires Reinsurance Specialist

Captive Insurance Times

Risk Strategies Company has expanded its reinsurance and healthcare business with the acquisition of Re-Solutions Intermediaries.

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Dec 7, 2015

Risk Strategies Acquires Minnesota-Based Re-Solutions Intermediaries

Insurance Journal

Risk Strategies Co., a privately held, national insurance brokerage and risk management firm, has acquired Re-Solutions Intermediaries LLC, a reinsurance specialist focused on assisting healthcare organizations around the world manage risk.

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Dec 7, 2015

Risk Strategies Co. Acquires Health Care Reinsurance Specialists

Business Insurance

Risk Strategies Co. Inc. said Monday that it has acquired reinsurance specialist Re-Solutions Intermediaries L.L.C.

Terms of the deal were not disclosed.

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Nov 17, 2015

Risk Strategies Adds Harder as VP in Chicago Office

Insurance Journal

National insurance broker and risk management firm, Risk Strategies Co., has added Alan G. Harder in its Chicago office as vice president. Harder joins a week after Risk Strategies acquired Chicago-based M.G. Welbel & Associates.

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Nov 11, 2015

Risk Strategies Acquires Illinois-Based M.G. Welbel & Associates

Insurance Journal

Risk Strategies Co. has acquired M.G. Welbel & Associates (MGW), a Northbrook, Ill.-based professional liability insurance specialty broker.

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Nov 5, 2015

Bob Courtemanche Senior Managing Director and Private Client Practice Leader at Risk Strategies Company

New York Business Journal​​​​​​​

Bob Courtemanche, a longtime industry veteran, joined Risk Strategies Company as national Senior Managing Director and Practice Leader for its Private Client group. He most recently served as Chairman of ACE Private Risk Services.

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Nov 2, 2015

Demand for Cyber-Insurance Rises, but Insurers Worry

eweek.com

Massive breaches have made cyber-insurance premiums more costly, but data-analysis firms are trying to help insurers figure out who's a good bet and who is not.

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Oct 30, 2015

Ace Private Risk’s Courtemanche Joins Boston’s Risk Strategies Co.

Insurance Journal

Industry veteran Bob Courtemanche, until recently chairman of Ace Private Risk Services, has joined Risk Strategies Co., the Boston-based insurance and risk management advisor said.

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Oct 20, 2015

Private Investment Firm Acquires Majority Stake in Specialty Broker

Insurance Journal

New York-based investment firm Kelso & Co., will acquire a majority stake in Boston-based broker and risk management firm Risk Strategies Co. from Kohlberg & Co. L.L.C., Risk Strategies announced Tuesday.

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Sep 25, 2015

Boston Insurance Broker Helps Plan Coverage for Pope Francis Visit

The Boston Globe

Boston-based insurance brokerage firm Risk Strategies Co. was tapped to create the comprehensive policy to insure Pope Francis’ visit to Philadelphia this week, on behalf of the host committee and the city’s diocese.

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Sep 22, 2015

When Prayers Fail, Insurance Steps In

Philadelphia Metro

“In my business, it’s called seat-of-the-pants underwriting,” said LeConte Moore, a managing director of DeWitt Stern, a Risk Strategies Company, which brokered the insurance contract for Pope Francis’ visit to Philadelphia.

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Sep 22, 2015

Pope’s Philadelphia Visit Heavily Insured

Business Insurance

The broker, a unit of Risk Strategies Co. Inc., said it partnered with the Roman Catholic World Meeting of Families organization and the Philadelphia Archdiocese to assemble the insurance program, but declined to disclose specifics.

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Aug 18, 2015

5 Money-Saving Tips for Choosing Small Business Insurance

Business News Daily

Olavo Macedo, senior managing director of national commercial accounts for insurance brokerage firm Risk Strategies Co., said that hired and nonowned automobile coverage is also a good idea, if it's not already part of your BOP. 

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Jul 19, 2015

Boston Insurance Broker Acquires Second Target in as Many Months

Boston Business Journal

The fast-growing Risk Strategies has announced its second acquisition in as many months: a California employee benefits and property and casualty brokerage firm.

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Jul 16, 2015

Merger of Insurers Creates Bay Area ‘Powerhouse’

BenefitsPro.com

Risk Strategies Inc., a Boston-based insurer, acquired MacCorkle Insurance Services, a full service employee benefits and property/casualty insurance brokerage and consulting firm headquartered in Burlingame, California.

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Jul 14, 2015

Risk Strategies Acquires MacCorkle in Northern California

Insurance Journal

Bernard Lauper, CEO, and Keith Fujishige, principal, will remain with the combined firm, as will their respective teams.

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Jun 10, 2015

Broker Acquires Health Care Specialty Agency

Business Insurance

In a statement Tuesday, Risk Strategies said the purchase is “a huge step forward” in its efforts “to become the leading health care broker in the country.”

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Jun 5, 2015

Risk Strategies Snatches up California Insurance Brokerage Firm

Boston Business Journal

Risk Strategies has acquired San Diego-based brokerage and consulting firm Dubraski & Associates Insurance Services for an undisclosed sum, a deal designed to help the Boston-based company become the leading firm in the healthcare brokerage sector.

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Jun 4, 2015

Risk Strategies Buys Dubraski & Associates Insurance Services

Insurance Business Review

As part of the deal, Dubraski & Associates' founder and CEO Robert Dubraski and his partner Riggs Stephenson and their respective teams will continue their association with the company, while Bob Dubraski will act as president and CEO.

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Jun 3, 2015

Risk Strategies Acquires Dubraski & Associates in California

Insurance Journal

Risk Strategies Co. has acquired San Diego, Calif.-based Dubraski & Associates Insurance Services, a national brokerage and consulting firm that provides risk and insurance solutions to the healthcare industry.

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May 20, 2015

People on the Move - John Cerasani: Risk Strategies Midwest Employee Benefits Practice Leader

Chicago Business Journal

John will continue to manage Northwest Comprehensive, but will also manage the Risk Strategies Midwest Employee Benefits Practice.

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May 7, 2015

Risk Strategies acquires insurance brokerage firm Northwest Comprehensive

Insurance Business Review

Risk Strategies CEO and founder Michael Christian said: "We look for partners that are highly specialized to augment and complement our specialty-focused firm.

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May 6, 2015

Cyber Risk Models Remain Elusive

Risk & Insurance

New York City-based Robert Rosenzweig, assistant vice president at insurance brokerage DeWitt Stern, said the idea of a public-private partnership sharing information on potential data breach issues makes sense, as it would allow insurers to build a more accurate model for pricing and the coverage being offered under their policies.

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May 6, 2015

Northwest Comprehensive

Business Insurance

Northwest Comprehensive, which specializes in providing employee benefits for higher education institutions, will be integrated into Risk Strategies’ existing Chicago office, Risk Strategies said in a statement.

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May 6, 2015

Risk Strategies Acquires Chicago-Based Northwest Comprehensive

Insurance Journal

Boston-based insurance brokerage and risk management firm, Risk Strategies Co., has acquired Northwest Comprehensive Inc., a full service employee benefits insurance brokerage and consulting firm headquartered in Chicago.

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Apr 16, 2015

Art Insurance: Make Sure you are Properly Covered

Private Art Investor

“You really have to know what you have. Maintaining some sort of an inventory, especially one you can access in the event of a catastrophic loss, is really important because if you don’t know what you have, you can’t secure the insurance – and then it’s going to be difficult to get a claim paid,” says Mary Pontillo, vice president at insurance brokerage DeWitt Stern. 

 

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Apr 10, 2015

Art as Collateral: Getting the Insurance Right

Private Art Investor

“People that have substantial collections also tend to have substantial wealth in other areas – generally they are business owners, investing in other ways, and they’re looking for some way to collateralise their property and their assets,” says Mary Pontillo, vice president for insurance brokerage DeWitt Stern.

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Apr 8, 2015

Art on the Move

Risk & Insurance 

Mary Pontillo, vice president and manager of the fine arts department at DeWitt Stern Group fine arts broker in New York, said her firm carefully checks out prospective art transport clients because of the highly specialized nature of the business.

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Mar 2, 2015

Uber and Lyft: Car Insurance for Ridesharing

Value Penguin

You may be wondering, why can't you just use your regular car insurance policy to cover your rideshare dealings? The main issue with your regular insurance policy is that companies feel a rideshare service no longer fits the purpose of what you originally insured your car for.

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Feb 3, 2015

Soaring Fine Art Values Demand More Frequent Appraisals

ThinkAdvisor

The subject of the fine art market came up at a breakfast meeting I enjoyed in late-November with Le Conte Moore, managing director at DeWitt Stern, a Manhattan-based brokerage firm (now part of Risk Strategies Company) that serves a high-net-wealth clientele. “Count,” as he is known in the industry, pointed out the folly in thinking every important artist from the postwar period is on the verge of fetching record prices.

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Jan 12, 2015

Insurance as a Form of Capital

Insurance Journal

Companies can spend a significant amount of money to mitigate risk by crafting contractual language to address their concerns, which may address some of the exposure, but not all. The use of insurance programs are designed to provide protection as a backstop to contractual language, as well as to provide coverage for those areas where contractual wording may not go far enough.

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Nov 17, 2014

Insurance Intermediary Deal Momentum Gathers Speed

Insurance Journal

Mergers and acquisitions (M&A) activity for the third quarter of 2014 was strong with 69 deals, helping propel the total deal count to a record 220 through September. We have not seen the deal count in the 200s at this point in the year since 2008, before the financial crisis.

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Nov 7, 2014

Executive Profile: Michael Christian of Risk Strategies Co.

Boston Business Journal

"I had been acquired many times over the years," Christian said. "One merger led me to Boston and two or three transactions later down the road, I ended up working for somebody I didn't want to work for. I had never given a lot of thought to opening my own shop, but I thought what the heck."

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Jun 27, 2013

Private Equity Firm Buys Control of Boston Brokerage, Risk Strategies

Business Insurance

Risk Strategies Co., a privately held commercial insurance and benefits brokerage, said on Thursday that Mount Kisco, N.Y.-based private equity firm Kohlberg & Co. has acquired a majority of RSC stock.

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