Media Coverage

Are "cat loss" policies an answer to weather insurance woes? Catastrophe loss policies that cover multiple natural perils could make life easier for insureds and adjusters in the wake of costly and destructive weather events, a claims and risk boss has mooted.
Risk Strategies launches national consulting business Risk Strategies has launched a national consulting and actuarial services business offering consulting services for employers and insurance providers. Risk Strategies Consulting will be led by John Greenbaum, Risk Strategies’ executive vice president. It will incorporate expertise and offerings from key acquisitions of consulting and actuarial firms acquired over the past four years.
Risk Strategies launches consulting and actuarial business

Boston-based retail broker Risk Strategies has launched a national consulting and actuarial services business, Risk Strategies Consulting.

 

Risk Strategies launches consulting and actuarial business Specialty insurance brokerage and risk management firm Risk Strategies has announced the launch of a national consulting and actuarial services business.
Putting Personal Healthcare First Benefits Employers and Rates

Do you know the saying "don't hate the player, hate the game"? While healthcare should not be a game, most employers and benefits teams must work within the current healthcare system; operating with insurance companies, third-party administrators (TPAs), and prescription benefit managers (PBMs) - can prove challenging. 

Risk Strategies bolsters medical presence with acquisition of Wallace Specialty

Leading national specialty insurance brokerage and risk management firm, Risk Strategies, has acquired Wallace Specialty Insurance Group.

Insuring Cannabis Summit 2022: Capacity, Rates, Lawsuits and More

The experts were Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, Beth Medvedev, division manager at James River Insurance Co., Jason Scheurle, national product lead, cannabis for Burns & Wilcox, Alex Buschmann, national cannabis practice leader at Risk Strategies,

Insuring Cannabis Summit 2022: Capacity, Rates, Lawsuits and More

Cannabis insurance is a complex and developing space, and ample proof of that assertion was provided at a two-day event in October focused solely on the topic. Issues like capacity, rates, lines of insurance, lawsuits, and market forecasts were among the subjects tossed around by more than 30 speakers appearing during Insuring Journal’s annual virtual Insuring Cannabis Summit on Oct. 26 and 27.

Risk Strategies bolsters medical presence with acquisition of Wallace Specialty Leading national specialty insurance brokerage and risk management firm, Risk Strategies, has acquired Wallace Specialty Insurance Group.
Insuring Cannabis Summit 2022: Capacity, Rates, Lawsuits and More Cannabis insurance is a complex and developing space, and ample proof of that assertion was provided at a two-day event in October focused solely on the topic.
Risk Strategies bolsters medical presence with acquisition of Wallace Specialty Leading national specialty insurance brokerage and risk management firm, Risk Strategies, has acquired Wallace Specialty Insurance Group.
Landlords face insurance pitfalls as buildings get smarter Cyberattacks are one of the greatest threats facing buildings as they become connected and smart, but ensuring smart buildings are insured for cyber threats is also becoming increasingly difficult, writes James McHale.
Risk Strategies swoops for Texas agency

Specialty insurance brokerage Risk Strategies has announced that it has acquired Texas-based Wallace Specialty Insurance Group. Terms of the transaction were not disclosed.

Risk Strategies acquires Wallace Specialty Insurance Group

Specialty insurance brokerage and risk management firm Risk Strategies has acquired Wallace Specialty Insurance Group. The terms of the deal were not disclosed.

Risk Strategies gets bigger in Texas with dental deal

Risk Strategies has grown its footprint in Texas with the acquisition of dental industry-focused broker Wallace Specialty Insurance Group.

Risk Strategies buys dental-focused insurer Specialty brokerage RSC Insurance Brokerage Inc., dba as Risk Strategies Co., on Thursday said it had acquired Wallace Specialty Insurance Group.
Insuring Cannabis Summit: Experts Answer Social Media’s Toughest Questions

That question took Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, down a long mental list. Bozzuto has been in the insuring cannabis business for years, so she knows many of the ups and downs and ins and outs of securing insurance for cannabis operators.

Revealed – IBA's 5-Star Professional Liability 2022 winners The professional liability market has faced a broad swathe of challenges in recent years, but as always, there were select brokers, carriers, and MGAs who went above and beyond to deliver for their clients.
Artwork attacks raise risk management and insurance concerns

Recent protests in Europe by climate activists targeting high-value artworks are raising concerns among museums, lenders and their insurers. Museums should expect greater scrutiny of their security procedures but it is too soon to say if the attacks will drive up prices in the fine art insurance market, experts say.

Attacks on artworks raise risk management, insurance concerns

Clients that lend high-value artwork to museums are asking lots of questions, said Mary Pontillo, national fine art practice leader at Risk Strategies Co., who is based in Charlottesville, Virginia.

Non-renewals increasingly common in cat-exposed recreational marine: Risk Strategies

Retail broker Risk Strategies has said that both premiums and deductibles in the marine market are expected to increase, as underwriting requirements become more stringent and non-renewals become commonplace for risks with cat exposures – particularly in Florida, the Bahamas and the Caribbean.

Cyber insurance market shows signs of stabilization: Risk Strategies A report by U.S-based insurance broker Risk Strategies said the cyber insurance market is beginning to stabilize after years of steep rate hikes, as the pace of cyber attacks has slowed amid stringent underwriting conditions and improved cyber market maturity and awareness, Reinsurance News reported. Despite this, insurers are expected to remain cautious and continue to limit their exposure to ransomware claims and systemic events.
Attacks on artworks raise risk management, insurance concerns

Recent protests in Europe by climate activists targeting high-value artworks are raising concerns among museums, lenders and their insurers. Museums should expect greater scrutiny of their security procedures, but it is too soon to say if the attacks will drive up prices in the fine art insurance market, experts say.

Cyber Insurance Market Stabilizing as Security Awareness Improves The cyber insurance market is beginning to stabilize following several years of steep rate increases, according to Risk Strategies’ State of the Market 2022 Update.
Cutbacks in capacity & price hikes to follow Ian: Risk Strategies A recent report from Risk Strategies suggests property insurance buyers with locations exposed to climate change-related events will see significant reductions in coverage capacity, as well as higher deductibles and pricing well into 2023 following Hurricane Ian, as reinsurers grow increasingly concerned about inadequate values and peril losses.
Risk Strategies suggests cyber insurance market is beginning to stabilize According to Risk Strategies State of the Market update, the cyber insurance market is beginning to stabilise after years of steep rate increases, though insurers will continue to be on high alert through the remainder of the year and into 2023.
Miscellaneous E&O market grows, diversifies Demand for miscellaneous professional liability coverage continues to increase as businesses add services and recognize the limits of their other insurance policies, industry experts say.
The Art of Calculating the Cost of Risk Insurance and legislation affect how enterprises balance between protecting against breaches and recovering from them.
Risk Strategies warns of capacity shortage at 1/1 A new State of the Market Report by specialty insurance brokerage and risk management firm, Risk Strategies, has warned clients to settle their re/insurance negotiations as early as possible, ahead of an anticipated shortage of capacity at the upcoming January renewals.
Risk Strategies Acquires Actuarial Firm Aquarius Capital Solutions Group US-based insurance brokerage and risk management firm Risk Strategies has acquired actuarial firm Aquarius Capital Solutions Group, which has expertise in health care benefits, employee and retirement benefits, the firm said.
Risk Strategies swoops for N.Y. agency Specialty insurance brokerage Risk Strategies has announced the acquisition of New York-based Aquarius Capital Solutions Group, an actuarial firm with expertise in healthcare benefits, employee and retirement benefits.
Risk Strategies Acquires Actuarial Firm Aquarius Capital Specialty insurance broker Risk Strategies announced it has acquired Aquarius Capital Solutions Group, an actuarial firm focused on health care, employee and retirement benefits.
Risk Strategies Acquires Insurance Broker Relation Education Solutions US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired US-based specialty insurance broker Relation Education Solutions from Relation Insurance Services.
Risk Strategies buys rival brokerage to sharpen focus on core offering US specialty insurance brokerage and risk management firm Risk Strategies has acquired a California-based rival brokerage in a deal that will add key capabilities to its national education practice, as it looks to sharpen focus on its core product offerings.
Rising Star Edward Shaara Outlines What It Takes to Insure Today’s Entertainment Industry Risks Risk Strategies’ Edward Shaara shares a peek into what it takes to keep production flowing behind the scenes of major entertainment projects.
Rate hikes predicted for most lines of coverage The property insurance market will remain tight for the rest of the year and will get even more challenging for buyers in 2023 as reinsurers increase rates at Jan. 1 renewals in the wake of losses from Hurricane Ian, brokerage Risk Strategies Co. said in a report Wednesday.
Risk Strategies expands actuarial capabilities with acquisition Risk Strategies expands actuarial capabilities with acquisition.
7 People on the Move Chubb names new head of North America industry practices, Risk Strategies merges student health business segment under new leadership and more in this edition of People on the Move.
October M&A roundup: Motion control, consumer trends and gene editing Check out the nine mergers and acquisitions of tech and life sciences companies we reported on in October.
The BI Top 10: Week of Oct. 24, 2022 Third-quarter earnings reports from major insurers and analyses from Marsh and Risk Strategies point to more rate hikes ahead.
Risk Strategies Acquires Missouri’s Beattie & Associates Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Beattie & Associates, a retail agency in Missouri specializing in employee benefits for both individuals and employers.
Risk Strategies snaps up Missouri-based agency Specialty insurance brokerage Risk Strategies has announced that it has acquired Missouri-based Beattie & Associates, a retail agency specializing in employee benefits for individuals and employers. 
Risk Strategies Acquires Dickstein Associates Agency Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Dickstein Associates Agency, a full-service retail insurance agency.
Risk Strategies adds Orchid’s Graham in private client services role Risk Strategies has expanded its New England region leadership team with the addition of Orchid Insurance’s Charlie Graham as senior vice president, private client services.
Risk Strategies hires Orchid’s Graham as private client services SVP Fast-growing retail broker Risk Strategies has recruited Charlie Graham as senior vice president for its private client services division.
Fast-growing retail broker Risk Strategies has recruited Charlie Graham as senior vice president for its private client services division. Specialty insurance broker Risk Strategies announced the expansion of its New England region leadership team with the addition of Charlie Graham as senior vice president, private client services.
People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies Specialty insurance broker Risk Strategies announced the expansion of its New England region leadership team with the addition of Charlie Graham as senior vice president, private client services.
Risk Strategies, Beattie & Associates Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Beattie & Associates, a retail agency in Missouri specializing in employee benefits for both individuals and employers.
People & Places Risk Strategies, a national specialty insurance brokerage and risk management firm based in Boston, expanded its Atlantic region team with the addition of J.C. Fulse as senior vice president, private client services leader.
Dobbs decision casts shadow on med mal The controversial U.S. Supreme Court abortion decision in June, which overturned the 50-year-old Roe vs. Wade ruling and held there is no constitutional right to an abortion in the United States, has led to a panoply of state responses that has created uncertainty for medical providers and medical malpractice insurers.
Insurance buyers face prolonged difficult market The medical malpractice insurance market is tough for buyers and is expected to remain so for the foreseeable future. 
Ruling’s reach may extend to frozen embryos One legal issue that may arise out of the U.S. Supreme Court’s June ruling in Dobbs vs. Jackson Women’s Health Organization is the fate of the many frozen embryos in fertility clinics.
Tying philanthropy and sustainability into business growth Risk Strategies is an independent insurance brokerage firm with its sights set on further growth: the company has been on an acquisition spree these past few months, acquiring the likes of Sebastian Insurance, Bonds, Inc., Dickstein Associates Agency, and Beattie & Associates.
Risk Strategies Acquires Relation Education Solutions in California Risk Strategies acquired Relation Education Solutions from Relation Insurance Services. The deal adds key capabilities to Risk Strategies’ National Education Practice.
Risk Strategies acquires employee benefits provider Beattie & Associates Risk Strategies, a US-based speciality insurance brokerage and risk management firm, has acquired retail agency Beattie & Associates.
Buschmann Tackling Insuring Cannabis Questions at Summit Alex Buschmann, national cannabis practice leader for Risk Strategies, is asking for insuring cannabis questions he can answer at Insurance Journal's annual Insuring Cannabis Summit on Oct. 26 and 27. 
Risk Strategies aims to protect Big Sky’s assets Tom Beattie says he has fly fished with many of his clients—it has become a comfortable way of doing business for him. In addition to targeting 100 days on the river per year and being a 10-year resident of Big Sky, Beattie helmed an insurance and employee benefits firm for 30 years. Today, he is the newest addition to the Risk Strategies team after the Boston, Massachusetts-based firm purchased Beattie and Associates in August.
Risk Strategies buys Relation’s education services unit Risk Strategies has bought Relation Education Solutions from California-based Relation Insurance Services, with the acquired unit providing insurance brokerage and program administration services for more than 950 colleges and universities.
Risk Strategies buys Relation’s education insurance business Risk Strategies Co. has bought rival brokerage Relation Insurance Inc.’s education insurance division. Terms of the deal were not disclosed.
Insurance Agency Mergers And Acquisitions YTD Hit 2nd Highest Level ere has been a total of 627 agency acquisitions so far in 2022, down from 668 over the same time period in 2021 says OPTIS Partners consulting in its latest quarterly report on mergers and acquisition activity nationally.
Around the P&C insurance industry: October 19, 2022 The Compensation Consulting practice, part of NFP’s Executive Benefits platform, works with companies to develop tailored pay strategies and structures that help attract, retain and motivate talent.
Risk Strategies buys Relation’s education insurance business

Risk Strategies Co. has bought rival brokerage Relation Insurance Inc.'s education insurance division.

Risk Strategies buys Relation’s education services unit

Risk Strategies has bought Relation Education Solutions from California-based Relation Insurance Services, with the acquired unit providing insurance brokerage and program administration services for more than 950 colleges and universities.

Risk Strategies Acquires Relation Education Solutions in California

A division of California-based Relation Insurance Services, Relation Education Services offerings complement existing Risk Strategies Education Practice capabilities, including student health plans, international benefits, faculty and staff benefits, and cultural exchange health plans, while expanding the existing portfolio in areas such as student athletics, amateur sports, and recreational programs.

Risk Strategies buys Relation’s education services unit

Risk Strategies has bought Relation Education Solutions from California-based Relation Insurance Services, with the acquired unit providing insurance brokerage and program administration services for more than 950 colleges and universities.

Dobbs decision casts shadow on med mal

The controversial U.S. Supreme Court abortion decision in June, which overturned the 50-year-old Roe vs. Wade ruling and held there is no constitutional right to an abortion in the United States, has led to a panoply of state responses that has created uncertainty for medical providers and medical malpractice insurers.

Insurance buyers face prolonged difficult market

The medical malpractice insurance market is tough for buyers and is expected to remain so for the foreseeable future. One particular cause for concern is the increase in telehealth since COVID-19, which some say is leading to more claims.

Ruling’s reach may extend to frozen embryos

One legal issue that may arise out of the U.S. Supreme Court's June ruling in Dobbs vs. Jackson Women's Health Organization is the fate of the many frozen embryos in fertility clinics.

Professional Liability Insurance: Claims Severity Takes a Toll, but Capacity Remains

The global economy is establishing a new equilibrium after the disruption of supply chains and labor markets by the COVID-19 pandemic.

The market for professional liability insurance appears to be following a similar path. Prices are higher and supply is somewhat constrained, but capacity is substantial enough to allow for renewed growth.

Cyber Insurance: Rate Hikes Moderate as Carriers Implement Course Corrections

In the 30 or so years since cyber insurance first appeared, the line has been unique in that it principally addresses intentional damage or loss to intangible property. The ever-evolving nature of both cyber property and the risks to it—risks created by malicious individuals probing for vulnerabilities—quickly renders underwriting and rating criteria obsolete, as old threats are thwarted and new ones emerge.

Risk Strategies aims to protect Big Sky’s assets

BIG SKY – Tom Beattie says he has fly fished with many of his clients—it has become a comfortable way of doing business for him. In addition to targeting 100 days on the river per year and being a 10-year resident of Big Sky, Beattie helmed an insurance and employee benefits firm for 30 years. Today, he is the newest addition to the Risk Strategies team after the Boston, Massachusetts-based firm purchased Beattie and Associates in August.

Coalition urges FEMA to make changes amid rising flood insurance premiums

The Coalition for Sustainable Flood Insurance which GNO Inc. leads issued a white paper that evaluated FEMA's Risk Rating 2.0 methodology for determining premiums and affordability.

Business Moves

Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance.

People & Places

Boost appointed Emy Donavan as chief underwriting officer. She will oversee the company's program underwriting, product development, and portfolio management in collaboration with Boost's insurtech and embedded partners along with the development and execution of Boost's reinsurance and risk capital markets strategy.

Professional Liability Insurance

The global economy is establishing a new equilibrium after the disruption of supply chains and labor markets by the COVID-19 pandemic. The market for professional liability insurance appears to be following a similar path. Prices are higher and supply is somewhat constrained, but capacity is substantial enough to allow for renewed growth.

People Moves: Postulka Returns to Arbella; Graham Joins Risk Strategies

Specialty insurance broker Risk Strategies announced the expansion of its New England region leadership team with the addition of Charlie Graham as senior vice president, private client services.

Cyber Insurance

You could say that there was a "before and after" in the evolution of cyber insurance: before the emergence of ransomware, and after the onslaught of high-profile ransomware attacks in the years just before and during the coronavirus pandemic.

Coalition urges FEMA to make changes amid rising flood insurance premiums

In October, FEMA implemented Risk Rating 2.0 as a way to try to help the NFIP become more financially sound. John Meder is head of Risk Consulting and Claims Advocacy at Risk Strategies, a national specialty insurance brokerage, and risk management advisory company. He said in the areas affected by Ian it may be a while before all the damage can be assessed.

Buschmann Tackling Insuring Cannabis Questions at Summit

Alex Buschmann, national cannabis practice leader for Risk Strategies, is asking for insuring cannabis questions he can answer at Insurance Journal's annual Insuring Cannabis Summit on Oct. 26 and 27.

M&A weekly round-up: Acrisure, PCF and Risk Strategies

M&A weekly round-up: Acrisure, PCF and Risk Strategies

People on the move in the P&C insurance industry: September 23, 2022

Liberty Company Insurance Brokers announced that Marshall Heron joined as senior vice president, national real estate practice leader. He served as a strategic lead for a top 10 insurance broker in their global real estate practice.

Risk Strategies hires Orchid’s Graham as private client services SVP

Risk Strategies has expanded its New England region leadership team with the addition of Orchid Insurance's Charlie Graham as senior vice president, private client services.

Risk Strategies adds Orchid’s Graham in private client services role

Risk Strategies has expanded its New England region leadership team with the addition of Orchid Insurance's Charlie Graham as senior vice president, private client services.

St. Louis employee benefits firm changes hands

Largest St. Louis employee benefits firms ranked by local full-time employee benefits employees in early 2020.

Risk Strategies Acquires Dickstein Associates Agency

Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Dickstein Associates Agency, a full-service retail insurance agency.

St. Louis employee benefits firm changes hands

A Chesterfield-based agency specializing in employee benefits for individuals and employers has been acquired.

Risk Strategies acquires New York's Standard Pension Services

Risk Strategies acquires New York's Standard Pension Services.

Risk Strategies acquires employee benefits provider Beattie & Associates

Risk Strategies, a US-based specialty insurance brokerage and risk management firm, has acquired retail agency Beattie & Associates.

Risk Strategies snaps up Missouri-based agency

Specialty insurance brokerage Risk Strategies has announced that it has acquired Missouri-based Beattie & Associates, a retail agency specializing in employee benefits for individuals and employers.

M&A weekly round-up: Risk Strategies, Relation, Amynta and more

M&A weekly round-up: Risk Strategies, Relation, Amynta and more

View from the top: John Mina, Risk Strategies

John Mina joined the insurance industry as a broker in 1986 and spent much of his career at Willis Towers Watson PLC and its predecessor companies before joining Boston-based brokerage Risk Strategies Co. as president in 2017. He was named CEO in 2019. Risk Strategies, which marked its 25th anniversary this year, has grown rapidly since private-equity firm Kohlberg & Co. invested in the brokerage in 2013.

Risk Strategies Acquires Missouri’s Beattie & Associates

Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Beattie & Associates, a retail agency in Missouri specializing in employee benefits for both individuals and employers. 

Risk Strategies acquires Mo.-based employee benefits specialist

Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Mo- based employee benefits specialist. 

Risk Strategies acquires Dickstein Associates Agency

Dickstein offers risk management solutions, such as property and casualty insurance coverages, to individuals and businesses. Focusing on real estate, technology companies, and coastal condominium associations, Dickstein also provides life and health benefits to clients.

M&A weekly round-up: Gallagher, Hub, Risk Strategies, Choice and more

Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Dickstein Associates Agency, a full-service retail insurance agency. 

Risk Strategies buys retail insurance agency Dickstein Associates

Risk Strategies, a US-based specialty insurance intermediary and risk management firm, has acquired full-service retail insurance agency Dickstein Associates Agency. New Jersey-based Dickstein Associates provides a wide range of risk management solutions, including property and casualty coverages to both individuals and businesses.

Risk Strategies swoops for N.J. agency

Specialty insurance brokerage Risk Strategies has announced that it has acquired New Jersey-based Dickstein Associates Agency. The terms of the transaction were not disclosed. Founded in 1965, Dickstein Associates is a full-service retail agency that provides comprehensive risk management services, including property and casualty insurance coverage for individuals and businesses.

Dickstein Associates joins Boston insurance firm

A Boston-based insurance firm — announced Aug. 24 that it acquired Dickstein Associates Agency, based in Tinton Falls. Founded in 1965, Dickstein is a full-service retail insurance agency, and its offerings include property and casualty insurance coverage for individuals and businesses. Its top 10 clients average 22 years with the firm, according to the announcement. 

Risk Strategies acquires NJ-based agency Dickstein Associates

Risk Strategies has acquired Dickstein Associates Agency, an insurance agency based in New Jersey that has particular expertise in real estate and technology companies as well as coastal condominium associations.

Risk Strategies Acquires New Jersey Retail Insurance Agency Dickstein Associates

Boston, US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired New Jersey based retail insurance agency Dickstein Associates Agency, to expand footprint in Northeast, the company said. Dickstein Associates provides comprehensive risk management solutions, including property and casualty insurance coverages to individuals and businesses.

Risk Strategies snaps up insurance agency to expand in US northeast

Insurance brokerage and risk management firm Risk Strategies has snapped up a full-service retail insurance agency to expand its footprint in the northeastern US.

Risk Strategies Acquires New Jersey’s Dickstein Associate

Risk Strategies, a Boston-based national specialty insurance brokerage, has acquired Dickstein Associates Agency, a retail insurance agency located in Tinton Falls, New Jersey. Dickstein Associates provides risk management and property/casualty insurance coverages with a focus on real estate and technology companies along with coastal condominium associations for which Dickstein offers an exclusive program. Dickstein also offers life and health benefits to companies.

4 Employment Professional Liability Risks to Watch After the Dobbs Decision

In the weeks since the Dobbs v. Jackson Women's Health Organization decision was released, 22 states have either passed new laws or have pre-Roe laws on the books that could be used to restrict a woman's ability to have an abortion, the Guttmacher Institute reports. A number of other state legislatures are currently considering legislation that would restrict abortion rights, per the Washington Post. 

Building a $1 billion revenue broking business

Risk Strategies recently celebrated its 25th anniversary, with staff getting an extra day of leave over the summer, as well as receiving "branded swag", and some colleagues having gathered to celebrate.

An Oasis in a Dry Desert; an Island in Stormy Seas

Anyone who watches broadcast media coverage or engages in social media commentary knows that these are tumultuous times of distress and anger over economics and politics. But you would never know that from the business of workers compensation insurance, which carries on serenely despite the effects of the COVID-19 pandemic, labor market strains, hyper-partisan politics, and inflation that have caused widespread disruptions throughout the economy.

Roe v. Wade causes concern around benefits parity

The US Supreme Court made the historic and far-reaching decision on Friday, June 24, to overturn Roe v. Wade, eliminating the constitutional right to abortion. Since then, companies of all sizes have been scrambling to figure out how to respond.

Risk Strategies snaps up US surety specialist

US insurance brokerage and risk management firm Risk Strategies has bolstered its surety practice with the acquisition of Bonds.

Risk Strategies buys up Bonds

Risk Strategies has acquired Bonds, a specialist in surety bonds focused on the construction industry. The terms of the deal were not announced.

Risk Strategies Acquires Surety Specialist Bonds

US-based national specialty insurance brokerage and risk management firm Risk Strategies has acquired surety bonds specialist Bonds, Inc., which is focused on the construction industry, the firm said.

Risk Strategies adds construction expertise with Bonds, Inc acquisition

Specialty retail broker Risk Strategies has strengthened its construction capabilities with the acquisition of surety specialist Bonds, Inc.

Risk Strategies acquires surety specialist Bonds Inc.

National specialty insurance brokerage and risk management firm Risk Strategies has acquired Bonds, Inc.

9 Questions for Risk Strategies’ Alex Maza

Willis Towers Watson veteran Alex Maza joined Risk Strategies in October of 2020 as national account director for management liability. Dan Reynolds, editor-in-chief of Risk & Insurance®, recently caught up with Alex to get his views on the management liability market. What follows is a transcript of that discussion edited for length and clarity.

Commercial property insurance rates rise again

Commercial property insurance rates increased again at midyear renewals, albeit at a more moderate pace, and the overall cost of programs is rising as inflation pushes up values and premium costs.

People & Places - East

Specialty insurance broker Risk Strategies added Amanda Mullan as chief human resources officer.

Why Is It So Hard To Insure NFTs?

According to the Insurance Information Institute, insurance is now a $1.3 trillion industry. We have insurance for our cars, our homes, our jobs, and even our teeth. Heidi Klum insures her legs, Gene Simmons insures his tongue, and a 500-year-old hotel in England once insured its staff against ghost attacks. So, where's the NFT insurance? After all, there's clearly a market for it.

Risk Strategies welcomes Ellison

Boston-based specialty insurance brokerage and risk management firm Risk Strategies has added Jason Ellison as employee benefits leader, national health care practice, based in Nashville.

Risk Strategies names Patrick Roth SVP, Growth Leader

Specialty insurance brokerage and risk management firm, Risk Strategies, has appointed Patrick Roth as Senior Vice President, Growth Leader for the Central and West regions.

People on the Move

Jason Ellison has joined Risk Strategies, a leading national specialty insurance brokerage and risk management firm, as Employee Benefits Leader of the National Health Care Practice.

Risk Strategies hires Lockton’s Roth as Central and West growth leader

Risk Strategies has appointed Patrick Roth as senior vice president, growth leader for the Central and West regions, with the executive joining the broker after two years at Lockton.

Risk Strategies hires former Lockton exec

Risk Strategies Co. on Wednesday named former Lockton Cos. LLC executive Patrick Roth senior vice president, growth leader for the Central and West regions.

Risk Strategies Names Chief Human Resources Officer

Risk Strategies brought in Amanda Mullan to join the organization as chief human resources officer. Mullan will oversee the company's human resource function including talent acquisition and development, human resource benefits and operations, employee relations and overall total employee engagement across the company.

Business Insurance Comings & Goings

Comings & Goings

Telemedicine: The next area of concern for medical malpractice

The frequency of medmal claims related to telemedicine is expected to grow in the next one to three years as usage increases, and it becomes less a means to a specific end and more an ingrained part of seeing the doctor, sources said.

Risk Strategies Expands on Florida’s East Coast

Risk Strategies, a national specialty insurance brokerage and risk management firm based in Boston, has acquired Sebastian Insurance Group of Florida.

Risk Strategies acquires P&C insurance agency Sebastian Insurance

Risk Strategies – a US national specialty insurance brokerage and risk management firm – has acquired Sebastian Insurance Group in Florida.

Risk Strategies buys Florida agency Sebastian Insurance

Risk Strategies has acquired Florida-based Sebastian Insurance Group, which offers a range of custom coverages including property casualty insurance for homes, vehicles, boats, and businesses, as well as flood insurance.

Risk Strategies Acquires Sebastian Insurance Group in Florida, USA

US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired Florida, US-based insurance agency Sebastian Insurance Group, the firm said.

Risk Strategies buys Sebastian Insurance Group

US-based specialty insurance brokerage and risk management firm Risk Strategies has purchased Sebastian Insurance Group for an undisclosed sum.

Risk Strategies acquires Sebastian Insurance

Risk Strategies has acquired Sebastian Insurance Group. The terms of the deal were not announced.

Risk Strategies Acquires Sebastian Insurance Group

Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Sebastian Insurance Group. Terms of the deal were not announced.

Risk Strategies CEO: Higher interest rates will not have significant impact on consolidation

Although rising interest rates will have some "cooling effect" on consolidation in the red-hot distribution space, the impact won't be significant because of the amount of capital looking to be deployed, according to Risk Strategies CEO John Mina.

Mullan Joins Risk Strategies as Chief Human Resources Officer

Specialty insurance broker Risk Strategies announced that Amanda Mullan has joined the firm as chief human resources officer. Mullan will oversee the company's human resource function including talent acquisition and development, human resource benefits and operations, employee relations and overall total employee engagement across the company.

People: Risk Strategies Names Ellison Benefits Leader

Risk Strategies has named Jason Ellison its employee benefits leader for national health care practice.

Risk Strategies appoints employee benefits leader

Risk Strategies, a specialty insurance brokerage and risk management firm, has announced the appointment of Jason Ellison as employee benefits leader for its national healthcare practice.

Risk Strategies appoints new employee benefits leader

Specialty insurance brokerage and risk management firm Risk Strategies has announced Jason Ellison has joined the firm as employee benefits leader at its National Health Care Practice.

Risk Strategies appoints Jason Ellison

Risk Strategies has appointed Jason Ellison as employee benefits leader for the brokerage's national healthcare practice.

Risk Strategies hires Gallagher’s Ellison as employee benefits leader

Expansive specialty retail broker Risk Strategies has added Jason Ellison from Arthur J Gallagher as employee benefits leader in its national healthcare practice.

Pushing Limits to Reach the Next Level: 10 Questions with Risk Strategies CEO John Mina

Risk Strategies' John Mina speaks to R&I about milestones, the future of the industry and of the planet, and why pushing your boundaries is an essential part of growth.

Solutions for Financing and Reimbursements of Gene Therapies

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 of the pillars of the evolution: random mutation and natural selection.

Looking for Cyber Insurance? Know Your Eligibility

There are specific types of attacks and threats that cyber insurers want to see addressed. According to Risk Strategies' State of the Market 2022 Report, cyber insurance carriers are looking more closely at cyber risks caused by ransomware attacks, stricter government and industry regulations, weaknesses in the cloud and disruptions to the supply chain.

Risk Strategies recruits Aon’s Sheehan as MLP national account director

Specialty broker Risk Strategies has recruited James Sheehan as its new national account director for the management liability practice, effective immediately.

Risk Strategies hires Aon’s Sheehan as MLPG national account director

Risk Strategies has appointed James Sheehan as its management liability practice group (MLPG) national account director, with the new hire joining after almost five years at Aon.

Self-reflection & Soft Skills – with John Mina, CEO, Risk Strategies Company

"As you progress up the corporate ladder, your focus becomes less about your technical skills and more your people management and communication skills", says John.

Risk Strategies Expands Atlantic Region Growth Team

Specialty insurance brokerage Risk Strategies announced a promotion and addition to its Atlantic Region growth team.

Risk Strategies bolsters entertainment practice with new hire

National specialty insurance brokerage Risk Strategies has announced the appointment of Paul Evans as an executive vice president in its national entertainment practice.

Marsh’s Evans Joins Risk Strategies Entertainment

Boston-based specialty insurance broker Risk Strategies announced Paul Evans has joined the firm as an executive vice president in its national entertainment practice.

Risk Strategies taps Marsh’s Nesselt for Atlantic region expansion

Specialty broker Risk Strategies has named Rob Nesselt as its new P&C Atlantic regional growth leader based in Florida, to spearhead an expansion around the region.

Risk Strategies adds Marsh’s Evans to national entertainment practice

Risk Strategies has strengthened its national entertainment practice after sector veteran Paul Evans joined the broker from Marsh.

Risk Strategies hires entertainment executive from Marsh

RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., on Thursday said former Marsh LLC executive Paul Evans has joined the firm as an executive vice president in its national entertainment practice.

Risk Strategies recruits Marsh’s Evans as national entertainment EVP

Specialty broker Risk Strategies has recruited longtime Marsh executive Paul Evans to the firm as an executive vice president in its national entertainment practice.

Looming regulations on ‘forever chemicals’ could create $400bn in cleanup liabilities

Tightening regulations and growing awareness of the dangers of poly- and perfluoroalkyl (PFAS) chemicals appear poised to spawn a long-running, complicated and major loss event for insurers – one that could rival or even surpass asbestos based on the most bearish predictions of the casualty market.

Severity of Jury Verdicts Should Concern Florida Physicians

This verdict, along with a new Florida House bill on the horizon, should send up red flags to Florida physicians, according to Julie Danna, senior vice president, National Health Care Practice, Danna-Gracey, a Division of Risk Strategies.

2022 BEN Talks: What no one tells you about being an innovator

It's often so easy to see the success of your peers and get discouraged. But being an innovator is about so much more than just having a new idea. It's all in the execution. At this year's BenefitsPRO Broker Expo, four industry innovators shared their own recipes for innovation.

Benefits pros, but not tech pros

We asked our readers, what are the biggest technology mistakes you've made in your career? What tips and advice do you have for your peers to avoid those same mistakes?

WasteExpo 2022: Defend today, secure tomorrow

During a session on cybersecurity at WasteExpo, which was May 9-12 in Las Vegas, panelists representing information technology (IT), electronics recyclers, insurance and cybersecurity echoed each other's notion that the pandemic threw many departments for a loop in terms of maintaining a high level of data security.

Risk Strategies buys up ICCF

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.

Risk Strategies swoops for Florida agency

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.

Risk Strategies Acquires Insurance Center of Central Florida

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.

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

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.

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

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.

Feds outline broad cyber disclosures

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.

What cyber insurance companies want from clients

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.

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

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.

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

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.

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

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.

Risk Strategies swoops for Texas firm

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.

Risk Strategies boosts Texas presence with ABS buy

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.

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

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.

Risk Strategies Acquires Advisor Brokerage Services to Expand Presence in Texas

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.

Assessing Employer Vaccine Mandates

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.

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

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

Risk Strategies buys broker focused on asset management

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

Risk Strategies Acquires Texas’ Advisor Brokerage Services

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

Risk Strategies acquires Advisor Brokerage Services

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.

Atlas adds senior account manager

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.

Risk Strategies buys broker focused on asset management

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

Solutions for Financing and Reimbursement of Gene Therapies

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.

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

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.

Risk Strategies grows private client services practice with two hires

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

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

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.

Employer vaccine mandates require consideration and documentation

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.

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

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.

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

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."

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

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.

Increasing Cyberattacks Driving Up Cyber Insurance Rates

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.

Supply chain delays hindering the safe movement of art worldwide

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.

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

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.

Real estate and cyber liability

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…

6 People on the Move

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.

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

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.

BBJ releases this year’s list of Fast 50 honorees

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

Latest acquisition boosts Risk Strategies’ analytics capabilities

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.

Risk Strategies makes strategic acquisition

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.

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

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

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

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.

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

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.

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

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

Will turbulence continue for the aviation sector in 2022?

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

Captive numbers increase as rates rise

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.

Medical Directorships Come With Responsibilities, Risks

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.

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

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.

NFTs Present New Challenges for Insurers

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.

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

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."

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

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

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

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

Risk Strategies sponsors LPGA player

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

Risk Strategies adds Pennsylvania brokers to its group

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.

Risk Strategies acquires public works specialist Joyce Insurance Group

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.

Risk Strategies takes over retail broker Joyce Insurance Group

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

Risk Strategies Acquires Joyce Insurance in Pennsylvania

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

Risk Strategies acquires Pennsylvania retail broker

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.

Growing NFT Marketplace Creates Exposures, Opportunities for Insurers

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.

Risk Strategies buys Florida public sector specialist The Gehring Group

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.

The value of the broker

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

Risk Strategies acquires Gehring Group

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

Risk Strategies Buys Gehring Group in Florida

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

Risk Strategies swoops for employee benefits specialist

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.

Risk Strategies adds Florida EB consultant to its business

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

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

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.

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

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.

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

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.

A Highly Recommended Free Report On The Insurance Market For 2022

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.

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

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.

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

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.

Insurance rates expected to rise again this year

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.

How To Get the Most Savings Out of Your Health Insurance

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.

Assets, License Best Protected Through Professional Liability Insurance

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.

11 Questions for Risk Strategies’ CEO John Mina

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.

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

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.

Disability as Relief for COVID Long-Haulers

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.

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.

Social Inflation Influencing Lawsuits, Verdict Amounts

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.

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

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

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

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

Vaccine mandates may fuel rise in employment practices claims

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.

Risk Strategies appoints higher education expert

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.

Risk Strategies bolsters higher education risk management team

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

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

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

Business Moves

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

Special Report: The Charity Issue

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.

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

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

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

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.

Risk Strategies acquires Fournier Group

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

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

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.

Risk Strategies Acquires New Jersey’s Meeker Sharkey & Hurley

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.

Risk Strategies snaps up another New Jersey brokerage

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.

7 People on the Move

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.

Risk Strategies acquires KRA Insurance Agency

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

The Return of the Carpetbaggers

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.

RSC names national education practice leader

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

Risk Strategies acquires full-service brokerage firm in US

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

Risk Strategies Appoints Terry Lyons National Education Practice Leader

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.

Risk Strategies acquires KRA Insurance Agency

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

Risk Strategies swoops for New Jersey firm

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.

Risk Strategies makes another N.J. buy

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.

Risk Strategies Acquires New Jersey’s KRA Insurance Agency

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.

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

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.

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

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

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

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 Strategies buys workers’ comp specialist TriPoint

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.

Risk Strategies snaps up workers’ comp specialist

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.

Risk Strategies Acquires Connecticut’s TriPoint Insurance

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.

Risk Strategies acquire TriPoint

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

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

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

Risk Strategies hires Murphy to lead Private Client Services business

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.

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

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.

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

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

Do The Opposite

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.

Risk Strategies expands retail insurance brokerage capabilities with acquisition

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

Risk Strategies buys Connecticut-based agency Pawson

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

RSC buys retail brokerage in Connecticut

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.

Risk Strategies Acquires Connecticut’s Pawson Insurance

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.

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

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.

Risk Strategies Acquires SC-based Hibbits Agency

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

Risk Strategies’ acquisition bolsters EB practice

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

Risk Strategies to acquire benefits specialist Better Business Planning

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.

Risk Strategies’ acquisition expands benefits practice

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

Risk Strategies builds EB book with Better Business Planning deal

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

Risk Strategies Acquires Illinois-Based Better Business Planning

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.

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

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.

Fending Off the Lions

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.

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

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.

Risk Strategies acquires transportation specialist Corrigan Johnston Risk Advisors

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).

Risk Strategies swoops for New Jersey brokerage

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

The good and bad in real estate insurance submissions

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."

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

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.

Pandemic’s unexpected side effect

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.

People Moves: Risk, Rushmore and Willis Towers

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.

Comings & Goings John Meder

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

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

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

9 People on the Move

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

Surfside Collapse Exposes Fla.‘s Condo Insurability Problem

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.

Comings & Goings

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

5 People on the Move

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

Risk Strategies appoints new regional head

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.

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

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.

Business Moves

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.

Risk Strategies Acquires Georgia-based Employee Benefits Specialty Broker Benevestco

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.

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

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…

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

"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."

Risk Strategies acquires med mal insurer Danna-Gracey

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

Risk Strategies expands medical malpractice offering with acquisition

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

Risk Strategies swoops for Florida firm

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.

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

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.

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

"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."

Business Moves

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.

Risk Strategies buys med mal specialist

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.

Risk Strategies Acquires Florida Medical Malpractice Liability Firm Danna-Gracey

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.

Risk Strategies acquires Centric Actuarial Solutions

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.

Risk Strategies Buys Centric Actuarial Solutions in Kansas

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.

COO to CFO: transitioning roles during a pandemic

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.

Managing catastrophe risks amid wave of non-renewals

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.

CLDA launches the Industry Leaders Advisory Group to support strategic direction

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.

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

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.

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

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.

How can we insure NFTs?

"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?"

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

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.

Largest Insurance Brokers in Massachusetts

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

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

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.

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

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.

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

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

Discovering emerging trends in student healthcare

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

Risk Strategies strengthens its national healthcare team

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

Making sure good deeds go unpunished

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."

Risk Strategies appoints Pincus as national personal lines practice leader

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

People On the Move

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.

Risk Strategies names Pincus permanent national personal lines leader

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.

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

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

The BI Interview with Bob Dubraski, Risk Strategies

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.

Prices Rise Sharply as Clouds Darken Construction Insurance Market for Buyers

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.

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

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

Risk Strategies partners with CyberCube

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.

Risk Strategies teams up with CyberCube

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

Protect your company with written telecommuting guidelines

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.

Risk Strategies expands student health practice

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.

Massachusetts’ Risk Strategies Acquires Specialty Insurance Solutions

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.

Risk Strategies acquires Specialty Insurance Solutions

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.

Risk Strategies takes over Specialty Insurance Solutions

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

Risk Strategies builds up its student health practice with SIS acquisition

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

Special Report: The Charity Issue – Photos of Giving

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!

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

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.

Captive Insurance Times - A New Landscape

"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..."

Risk Strategies Acquires New York’s FBA National

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.

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

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.

Risk Strategies acquires New York employee benefits specialist

Risk Strategies has acquired Garden City, N.Y.-based employee benefits specialist FBA National. Terms of the deal were not disclosed.

Risks to Watch in 2021

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."

Gowrie Group launches fundraising challenge

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

Business Moves - Risk Strategies, LaRocca & Associates

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.

Senior Living in a Post-Pandemic World

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.

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

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.

Risk Strategies acquires LaRocca & Associates

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.

Risk Strategies scoops up Florida firm

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.

Risk Strategies Acquires LaRocca & Associates of Florida

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.

Risk Strategies acquires LaRocca & Associates

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

Business Insurance announces 2020 Women to Watch

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.

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

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.

Risk Strategies buys private equity specialist

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.

Risk Strategies Acquires Securitas Insurance Partners

"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."

Risk Strategies acquires Securitas Insurance Partners

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.

Risk Strategies Appoints Jennifer Johnston Chief Marketing Officer

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.

Risk Strategies names Jennifer Johnston as chief marketing officer

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.

Risk Strategies names chief marketing officer

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.

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

"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.

How Art Collectors Can Avoid Online Phishing Scams and Social Engineering

"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."

Nursing Homes Face Uphill Battle

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.

Insurance Costs on the Rise for Colleges

"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.

Property insurers impose policy restrictions, hike rates

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.

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."

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

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.

How COVID-19 is reshaping risk management

How COVID-19 is reshaping risk management

14 Effective Strategies To Increase Employee Faith In HR

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

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

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.

Studios Have “Weighed In” on Pandemic Risk Insurance Bill

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.

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

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.Read More

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

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.

Blumhouse Plans Film Shoot on Universal Lot Despite Insurance Risks

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.

84 Insurance Brokers You Haven’t Heard the Last Of

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.

Arts Groups Fight Their Insurers Over Coverage on Virus Losses

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.

Zaha Hadid Architects Hit With Ransomware Attack

"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.

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

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."

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

"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.

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

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".

Business Moves

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.

How Agents Can Help Small Business Clients Navigate Cyber

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."

12 Strategies For Conducting Effective Stay Interviews

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…

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

"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.

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

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…

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

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."

Architecture Firms Under Threat of Ransomware Attacks

"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.

Pandemic exclusions standard, but not universal, for business insurance

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.

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

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.

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

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.

How to Manage Risk in a Hardening Market

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.

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

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 can.

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

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.

Coronavirus Closures Pose Refund Quandary

"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

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

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.

Arceo.ai launches ransomware assessment and response service

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.

People on the move in the P&C insurance industry: Feb. 28, 2020

People on the move in the P&C insurance industry: Feb. 28, 2020

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

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

Risk Strategies recapitalizes with new investment from private equity firm

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.

Changing benefits to fit the multigenerational workforce

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.

Risk Strategies acquires captive manager, gains international presence

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.

Risk Strategies snaps up captive manager Atlas Insurance

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.

Risk Strategies acquires- Atlas Insurance Management

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.

Risk Strategies acquires Atlas Insurance Management

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.

Risk Strategies Acquires Atlas Insurance Management of North Carolina

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.

Atlas chairman eyes growth opportunities under Risk Strategies umbrella

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.

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

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,

People & Places: Sharon Edwards

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.

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

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.

Are Any Colleges Insured Against Coronavirus Fallout?

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.

Risk Strategies adds captive manager following Atlas Group purchase

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.

Risk Strategies Acquires Virginia’s UNIRISC

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.

Private Equity Still Driving Agency M&As

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.

Risk Strategies Acquires Aviation Insurance Broker

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."

6 strategies for tackling emerging risks in 2020

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.

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

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

Risk Strategies buys aviation broker

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.