News & Insights | Media Coverage

Insurance Journal

05/22/2023

https://www.insurancejournal.com/magazines/mag-business-moves/2023/05/22/721419.htm Boston-based specialty insurance broker Risk Strategies acquired JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds Inc. and Lance Surety Bonds Associates Inc. Headquartered in Pipersville, Pennsylvania, JW Surety Bonds was founded in 2003 and operates across all 50 states. The firm places a variety of bonds including license and permit bonds, contractor bonds, court bonds and fidelity bonds. The company specializes in freight broker, auto dealer and mortgage broker bonds.

Insurance Journal

05/22/2023

Challenges, Opportunities for Brokers in the Music Events Space As musicians prepare for a star-studded summer of live events, the demand for performances is huge. At the same time, entertainment carriers are adjusting their appetites and underwriting parameters. In December 2022, Risk Strategies reported that the market’s reluctance to cover event liability, combined with outsized claims and skyrocketing defense costs, “has created a hard market with increasing premiums, stringent and rigid underwriting, and reduced capacity.”

Insurance Journal

05/17/2023

Risk Strategies Acquires Combined Underwriters of Miami Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south Florida.

Reinsurance News

05/17/2023

Risk Strategies expands presence in Florida with acquisition of Combined Underwriters of Miami Insurance brokerage and risk management firm, Risk Strategies, has acquired Combined Underwriters of Miami – a full-service independent insurance agency that provides commercial and personal insurance products to clients in South Florida.

Life Insurance International

05/16/2023

Risk Strategies acquires Combined Underwriters of Miami US-based specialty insurance brokerage and risk management firm Risk Strategies has purchased Combined Underwriters of Miami for an undisclosed sum. Combined Underwriters of Miami is an independent insurance agency that offers commercial and personal insurance solutions in South Florida, US.

Captive Insurance Times

05/16/2023

Risk Strategies acquires Combined Underwriters of Miami Risk Strategies has acquired Combined Underwriters of Miami, an insurance agency that offers a variety of insurance and employee benefits to clients in South Florida.

Captive International

05/16/2023

Risk Strategies acquires Florida insurance agency Risk Strategies has acquired Combined Underwriters of Miami, a full-service independent insurance agency providing commercial and personal insurance products to clients in South Florida.

Insurance Business

05/16/2023

Risk Strategies swoops for Florida firm Risk Strategies, a national specialty insurance brokerage and risk management firm, has announced that it has acquired Florida-based Combined Underwriters of Miami.

Insurance Journal

05/08/2023

2023 Market Conditions Insurance carriers remain disciplined and are looking to manage capacity, control terms and conditions, and adequately price risks. When considering where to utilize precious capital, carriers seek additional underwriting and detail and closely scrutinize risk control measures and the client’s focus and commitment to risk management.

Insurance Journal

05/08/2023

Overall Market Sees Greater Stability but Rates Still Up: Risk Strategies Report Cybercrime is up, properties are underinsured, and the management liability market is softening. These are a few of the predictions and results revealed in the Risk Strategies 2023 State of the Market report, which examines the trends of 2022 and provides a risk forecast for the coming year. The report digs into various markets and assesses the hurdles those lines may face in 2023.

Insurance Journal

05/03/2023

People Moves: Hunter Joins Lockton Re in Stamford; Risk Strategies Names Rosenzweig in New York Risk Strategies has appointed Rob Rosenzweig as its New York regional leader. Rosenzweig brings more than 15 years of insurance industry experience to his new role. He joined Boston, Massachusetts-based Risk Strategies in 2014 through the acquisition of DeWitt Stern and has held several leadership positions. Rosenzweig founded and led the company’s cyber practice and, most recently, was responsible for leading the commercial lines property/casualty operations in the New York region.

Captive Insurance Times

05/03/2023

Risk Strategies acquires International insurance Brokers Risk Strategies has acquired International insurance Brokers (IIB), an Oklahoma-based full-service retail agency. The mandate will allow Risk Strategies to build its central region presence. Established in 1979, IIB is a commercial lines brokerage firm focused on providing property and casualty and employee group benefits.

Captive International

05/03/2023

Risk Strategies buys IIB Specialty insurance brokerage and risk management firm Risk Strategies has acquired International Insurance Brokers (IIB), a full-service retail agency based in Tulsa, Oklahoma.

Modern Healthcare

05/02/2023

How malpractice insurers are navigating abortion bans As healthcare providers navigate a legal minefield that puts their obligations to patients at odds with new laws restricting abortion care, medical liability insurers are devising ways to help them avoid expensive civil and criminal defenses.

Reinsurance News

05/02/2023

Risk Strategies acquires large volume bond producer in the US Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has acquired JW Surety Bonds, a large volume bond producer in the US, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bond Associates, Inc.

The Insurer

05/02/2023

Risk Strategies promotes Rosenzweig to NY regional leader Risk Strategies has appointed Rob Rosenzweig as New York regional leader, a promotion that comes nine years after he joined the broker.

Insurance Journal

04/27/2023

Q1 2023 M&A Transactions Lowest Since 2019 This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a recent report from OPTIS Partners. The total number of transactions (158) showed a 17% drop from Q1 2022 (190) and was 7% lower than the five-year average.

Captive Insurance Times

04/27/2023

Risk Strategies to acquire JIS Risk Strategies is to acquire Johnson Insurance Services (JIS), a subsidiary of Johnson Financial Group. Upon completion of due diligence, Risk Strategies expects the transaction to close in 45 to 60 days.

Captive International

04/27/2023

Risk Strategies to purchase assets of JIS Risk Strategies is finalizing terms of a purchase agreement under which it will purchase the assets of Johnson Insurance Services (JIS), a subsidiary of Johnson Financial Group (JFG). Following the completion of due diligence, the transaction is expected to close in 45-60 days.

Insurance Journal

04/26/2023

Boston firm to acquire Johnson Insurance Services Risk Strategies announced it is finalizing terms of a purchase agreement under which it will purchase the assets of Johnson Insurance Services, a subsidiary of Johnson Financial Group. Following the completion of due diligence, the transaction is expected to close in 45-60 days.

Bank Beat

04/26/2023

Risk Strategies acquiring Wisconsin insurance subsidiary Boston-based Risk Strategies is acquiring Johnson Insurance Services, the insurance subsidiary of Racine, Wis.-based Johnson Financial Group. Following the completion of due diligence, the acquisition is expected to close in 45-60 days. Founded in 1985, Johnson Insurance Services has 133 associations across Wisconsin, and is considered one of the 10 largest independent insurance agencies in the state.

IB In Business

04/26/2023

JFG announces purchase agreement with Risk Strategies Johnson Financial Group (JFG) announced in a press release today that it is has entered into an agreement under which Risk Strategies — a Boston-based, specialty insurance brokerage and risk management consulting firm — will purchase the assets of Johnson Insurance Services (JIS), a subsidiary of JFG.

Milwaukee Business Journal

04/26/2023

Boston firm to acquire Johnson Insurance Services Racine-based Johnson Financial announced Wednesday it would sell Johnson Insurance Services to Risk Strategies.

Racine County Eye

04/26/2023

Johnson Insurance sold to Risk Strategies, all 140 positions retained Johnson Insurance Services will become Risk Strategies under the terms of an acquisition deal announced on Wednesday, April 26, that retains all 140 employee positions. “Risk Strategies didn’t have a presence in Wisconsin until now,” said Carmen Tenuta, vice president of public relations for Johnson Financial Group. “Because of that, all employee positions will be retained and offices will remain open and operational.”

Insurance Journal

04/24/2023

Risk Strategies Acquires JW Surety Bonds of Pennsylvania National specialty insurance broker Risk Strategies announced its acquisition of JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates, Inc.

Kentucky Today

04/24/2023

Risk Strategies Acquires JW Surety Bonds Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced its acquisition of JW Surety Bonds, the largest volume bond producer in the country, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates, Inc. Terms of the deal were not announced.

Independent Agent

04/24/2023

M&A Deals Decline 17% in Q1 2023 U.S. and Canadian insurance agent and broker mergers and acquisitions fell to 158 in the first quarter of 2023, down 17% compared the first quarter of 2022, according to a report by OPTIS Partners LLC, the Chicago-based investment banking and financial consulting firm.

Business Insurance

04/24/2023

RSC buys Pennsylvania-based surety bonds specialist RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Monday it has acquired JW Surety Bonds Inc. and sister companies Bryant Surety Bonds Inc. and Lance Surety Bonds Associates Inc. JW Surety specializes in freight broker, auto dealer and mortgage broker bonds and also places bonds including license and permit bonds, contractor bonds, court bonds and fidelity bonds. Headquartered in Pipersville, Pennsylvania, the broker was founded in 2003 and operates in all 50 states with almost 40,000 clients, RSC said in a statement.

Risk & Insurance

04/21/2023

How Universities Are Working to Provide Comprehensive Care for Higher Ed Students’ Mental Health Mental health in higher education can lead to liability risk for institutions if it remains unaddressed. But there is buy-in to do more for students from all stakeholders, including insurance.

Captive International

04/19/2023

Risk Strategies buys up employee benefits specialist Risk Strategies has acquired HollandStivers Employer Solutions, a specialist in employee benefits located in Paducah, Kentucky. The purchase of HollandStivers Employer Solutions marks the first acquisition by Risk Strategies in Kentucky. The firm brings several complimentary capabilities to the Risk Strategies National Employee Benefits Practice, including expertise in group medical, individual medical, group life and dental. HollandStivers also offers clients payroll administration and other HR services.

Captive Insurance Times

04/19/2023

Risk Strategies acquires Kentucky Employer Solutions firm Risk Strategies has acquired HollandStivers Employer Solutions (HollandStivers), a Kentucky-based employee benefits specialist. HollandStivers will bring group medical, individual medical, group life, and dental capabilities to the Risk Strategies National Employee Benefits Practice. It will also offer Risk Strategies clients' payroll administration and other HR services.

Central New York MD News

04/17/2023

Medical Malpractice Insurance Expert Provides Tailored Risk Protection For Physicians For the past 30 years, Jenn Negley has worked in medical malpractice insurance, currently serving as Vice President of the National Healthcare Practice at Risk Strategies, a top, national independent specialty insurance brokerage firm. Along the way, she learned every facet of the business from managing accounts to production and brings that detailed expertise to her clients in New York state.

Risk & Insurance

04/07/2023

Predict & Prevent™: How The Intersection of Technology and Resiliency Is Revolutionizing the Way We Manage Risk

If insurance and other entities don’t full apply the science of predicting and preventing losses, they may face unmanageable claims. John Meder, head of risk consulting and claims advocacy for Risk Strategies, tells us that what we now call “Predict & Prevent” has also been known by the phrase “strategic risk management.”

Insurance Business

04/05/2023

Risk Strategies swoops for Connecticut firm National specialty insurance brokerage Risk Strategies has announced that it has acquired Connecticut-based May, Bonee & Clark Insurance (MB&C). Formed through the merger of May, Bonee & Co. and the Clark Agency, MB&C provides insurance placement, employee benefits programs, corporate retirement planning and asset management, and financial and wealth planning services.

Bostinno

04/04/2023

M&A deal roundup: Safety bracelets, prescription tech and ransomware Risk Strategies announced its acquisition of Parady Financial Group Inc., a Florida-based firm focused on financial services for retirees.

Insurance Journal

04/04/2023

Risk Strategies Acquires May, Bonee & Clark of Connecticut National specialty insurance broker Risk Strategies has acquired May, Bonee & Clark Insurance, a Connecticut-based business and personal insurance, employee benefits and risk management firm. The firm also offers securities and investment advisory services.

Business Insurance

04/03/2023

Commercial drone users navigate web of regulations, consider specialty aviation insurance to cover losses Businesses with commercial drone operations must follow federal aviation regulations and manage liability exposures as drone applications expand, experts say.

The Insurer

03/24/2023

Risk Strategies: Casualty and ML rates moderating while poor property risks face 50%+ increases In a state of the market report, Risk Strategies has highlighted “signs of optimism” for clients as rates moderate in casualty, management liability and cyber, while property rates, particularly in Florida and California, are increasing with capacity and coverages limited.

Captive International

03/23/2023

Risk Strategies publishes 2023 market outlook Risk Strategies has published its 2023 market outlook, which looks at conditions in business insurance, employee benefits and private client services.

Business Insurance

03/22/2023

Commercial insurance price hikes to continue in most lines Commercial insurance rates will continue to rise mainly in the single and low double digits across major commercial insurance lines, with some isolated declines, according to a report Wednesday from Risk Strategies Inc.

Boston Business Journal

03/21/2023

Boston Business Journal announces 2023 Middle Market Leaders The Boston Business Journal unveiled on Tuesday its ranked list of the 50 highest-growth middle-market companies in Massachusetts in an event at the Boston Park Plaza.

Insurance Business America

03/21/2023

Risk Strategies swoops for Florida firm Risk Strategies, a national insurance brokerage and risk management consulting firm, has announced the acquisition of Florida-based Parady Financial Group. The acquisition included Parady Financial Group’s affiliates, Parady Tax Solutions and Blueprint Wealth Management.

Captive International

03/21/2023

Risk Strategies acquires Parady Financial Group Risk Strategies has acquired Parady Financial Group, a Florida-based firm focused on helping retirees achieve and maintain financial security in retirement. The acquisition included Parady Financial Group’s affiliates Parady Tax Solutions and Blueprint Wealth Management.

Axios

03/06/2023

As cyber attacks on health care soar, so does the cost of cyber insurance Health systems buffeted by labor and supply chain costs and broader economic woes have another unwieldy financial problem: the soaring costs of cyber insurance.

Insurance Business America

02/23/2023

Risk Strategies snags employee benefits exec Risk Strategies, a national specialty insurance brokerage and risk management and consulting firm, has announced the appointment of S. Stuart Spector as chief operating officer for national employee benefits and related specialty group companies.

Captive Insurance Times

02/23/2023

Risk Strategies hires new COO Risk Strategies has announced that Stuart Spector has joined as chief operating officer, national employee benefits and related specialty group companies. According to the company, Spector will work closely with John Greenbaum, national employee benefits practice leader, to lead and enhance strategic and operational efficiencies, drive growth strategies, integrate new acquisitions, recruit and retain talent, and optimize the services and solutions available to clients.

Insurance Journal

02/23/2023

People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO Risk Strategies has named S. Stuart Spector chief operating officer, national employee benefits and related specialty group companies. Spector comes to Boston, Massachusetts-based Risk Strategies with 30 years of experience in the benefits space.

Life Insurance International

02/14/2023

Risk Strategies buys speciality broker Bullen Insurance S-based speciality insurance broker and risk management provider Risk Strategies has purchased Bullen Insurance Group. The acquired firm is a speciality insurance intermediary engaged in providing insurance to affluent families, individuals, family offices and their businesses.

Captive International

02/14/2023

Risk Strategies purchases Bullen Insurance Group Risk Strategies has acquired Bullen Insurance Group, a national specialist in helping high-net-worth families, individuals and their businesses protect their assets with insurance and risk management services.

M&A Navigator

02/14/2023

Risk Strategies Acquires Bullen Insurance Group US-based specialty insurance brokerage and risk management and consulting firm Risk Strategies has acquired Bullen Insurance Group, a national specialist in helping high-net-worth families, individuals and their businesses protect their assets with insurance and risk management services.

Insurance Journal

02/13/2023

Risk Strategies Acquires High-Net Worth Broker Bullen Group National specialty insurance broker Risk Strategies reports it has acquired Bullen Insurance Group, a national specialist focused on high-net-worth families, individuals and their businesses. Bullen operates five offices in New York and Florida and said it clients in all 50 states.

Insurance Business America

02/09/2023

Risk Strategies swoops for N.Y. firm Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has announced the acquisition of Ladmar Group, a retail employee benefit firm headquartered in Hauppauge, N.Y.

Captive International

02/09/2023

Risk Strategies buys Ladmar Group Risk Strategies has announced its acquisition of Ladmar Group, a retail employee benefit firm located in Hauppauge, New York.

Insurance Journal

02/08/2023

Danielle Chaplick Joins Risk Strategies as Managing Director Danielle Chaplick has joined Risk Strategies Consulting as managing director. Before joining Risk Strategies Consulting, Chaplick served as vice president and northeast regional director – public sector for Gallagher Benefit Services, where she managed a team of account service leads and senior consultants who worked with middle to large-market clients.

Captive International

02/08/2023

Risk Strategies appoints new managing director Specialty insurance brokerage and risk management firm Risk Strategies has announced that Danielle Chaplick has joined as managing director.

Insurance Business America

02/08/2023

Risk Strategies Consulting taps managing director Specialty insurance brokerage and risk management firm Risk Strategies has announced the appointment of Danielle Chaplick as managing director for Risk Strategies Consulting.

Captive Insurance Times

02/02/2023

Risk Strategies appoints Michael Grossman Risk Strategies has appointed Michael Grossman as employee benefits leader for the US Central region. In his role he will be responsible for building a regional strategy for the employee benefits business unit, focused primarily on driving and achieving business results through revenue growth, client experience, people strategies and market relationships.

Captive International

02/02/2023

Risk Strategies appoints employee benefits leader Specialty insurance brokerage and risk management firm Risk Strategies has appointed Michael Grossman as employee benefits leader for the Central region. He will be responsible for building a regional strategy for the employee benefits business unit focused primarily on driving business results through revenue growth, client experience, people strategies and market relationships.

Washingtonian

02/01/2023

Top Wealth Adviser Hall of Fame Need a good tax accountant, estate attorney, financial planner, or insurance professional? Matthew Friedson is rated one of the very best insurance professionals in Washington.

Captive International

01/31/2023

Risk Strategies buys Tanenbaum-Harber Specialty insurance brokerage and risk management firm Risk Strategies has bought Florida-based firm Tanenbaum-Harber. Headquartered in Miramar, Florida, the firm is one of the largest independent retail agencies operating in South Florida.

Agency Checklists

01/31/2023

2022 Was An Up & Down Year For Agency Mergers & Acquisitions Risk Strategies was ranked one of the most active acquirers in 2022 with 23 deals.

Insurance Business America

01/27/2023

Risk Strategies acquires Tanenbaum-Harber of Florida Risk Strategies has revealed that it has acquired the insurance and risk management advisor Tanenbaum-Harber of Florida. Founded in 1860, the Miramar, FL-based Tanenbaum-Harber is one of the largest independent retail agencies operating in South Florida.

Captive Insurance Times

01/27/2023

Risk Strategies acquires Tanenbaum-Harber of Florida Risk Strategies has acquired Tanenbaum-Harber of Florida, a long-established insurance and risk management advisor for businesses and families. Tanenbaum-Harber is headquartered in Miramar, Florida, and is one of the largest independent retail agencies operating in South Florida. Also acquired in the deal were the assets of Tanenbaum-Harber of California, which operates from San Diego and supports businesses in the state.

Insurance Journal

01/27/2023

Risk Strategies Deal for Tanenbaum-Harber Agency Includes California-based Firm Risk Strategies, a national insurance brokerage, acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the companies said in a news release. It is considered one of the largest independent property and casualty agencies in south Florida.

Insurance Journal

01/27/2023

Risk Strategies Buys Tanenbaum-Harber Agency in Florida Risk Strategies, a national insurance brokerage, has acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the companies said in a news release. It is considered one of the largest independent property and casualty agencies in south Florida. The terms of the deal were not disclosed, but it also included Tanenbaum-Harber of California, headquartered in San Diego.

M&A Navigator

01/27/2023

Risk Strategies Acquires Insurance Advisor Tanenbaum-Harber of Florida Boston, US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired insurance and risk management advisor Tanenbaum-Harber of Florida, LLC, the firm said. Tracing its roots back to 1860, Tanenbaum-Harber is headquartered in Miramar, FL and is one of the largest independent retail agencies operating in South Florida.

Business Insurance

01/26/2023

RSC acquires South Florida agency Specialty brokerage RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Thursday it has acquired independent agent Tanenbaum-Harber of Florida LLC.

Risk Management

01/11/2023

Navigating the Cannabis D&O Insurance Market The cannabis industry is maturing rapidly. The global market was valued at $17.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 25.3% in the coming years, projected to reach a valuation of $134.4 billion by 2030.

Insurance Journal

01/06/2023

People Moves: Risk Strategies Names Lamond Commercial Leader Boston-based Risk Strategies has appointed Doran Lamond as commercial lines leader for the New England region. In this new role, Lamond will be responsible for building a regional strategy for the commercial property/casualty business.

Business Insurance

01/03/2023

Florida insurance reforms welcomed by industry Property insurance reforms passed in Florida last month will help stabilize the state’s difficult market for insurance buyers, but more changes are needed, say insurance experts.

Property Casualty360

01/03/2023

6 key trends influence employee benefits in 2023 The employee benefits landscape has undergone rapid and dramatic changes in recent years. 2022 was marked by continued challenges, which influenced how businesses built their total rewards packages. Ways of working shifted, attrition climbed, employee expectations expanded, and rising health care costs drove medical plan rates higher.

Inside P&C

12/23/2022

M&A weekly round-up featuring Risk Strategies M&A weekly round-up featuring recent news from Risk Strategies.

Insurance Business America

12/20/2022

Risk Strategies acquires Statewide Condominium Insurance National specialty insurance brokerage and risk management firm Risk Strategies has announced that it has acquired Statewide Condominium Insurance.

Life Insurance International

12/20/2022

Risk Strategies buys speciality broker Statewide Condominium Insurance Risk Strategies, a US-based speciality insurance brokerage and risk management firm, has announced the acquisition of Statewide Condominium Insurance for an undisclosed sum. Statewide Condominium Insurance is a specialist retail broker focused on providing risk management and insurance solutions to condominium and apartment complex risk sectors.

Intelligent Insurer

12/20/2022

Risk Strategies buys retail broker in ‘complex risks & difficult markets’ space US specialty insurance brokerage and risk management firm Risk Strategies has acquired a Florida-based “highly specialised” retail broker focused on complex risks and difficult markets sector.

The Insurer

12/20/2022

Risk Strategies M&A chief: Broker buyer field has become “narrow” The head of M&A at top-20 retailer Risk Strategies says the dramatic shift in funding conditions has led to a significant pull back in acquisitions in the sector, telling The Insurer the number of players who will be able to execute deals in 2023 “is becoming a narrow group”.

Insurance Journal

12/19/2022

Risk Strategies Buys Florida Condominium Insurance Agency Boston-based broker Risk Strategies announced it has acquired Statewide Condominium Insurance, a Vero Beach, Florida, retail broker focused on the condominium and apartment complex sectors.

Insurance Business America

12/16/2022

Risk Strategies “disrupts” consulting industry with new powerhouse Risk Strategies, a national specialty insurance brokerage and risk management firm, has taken an “important step” in elevating its business to the next level. On December 1, 2022, the firm announced the launch of Risk Strategies Consulting, a national consulting and actuarial services business.

Captive Insurance Times

12/14/2022

Risk Strategies acquires Worldwide Assurance Risk Strategies has acquired Worldwide Assurance, a health and benefits-focused retail agency. Founded in 2012 Worldwide Assurance is a specialist in helping businesses and individuals create health benefit coverage plans that meet their specific needs. The firm’s offerings range from medical and dental coverage plans to long-term care insurance, group term and variable life insurance.

Insurance Journal

12/14/2022

Risk Strategies Acquires Worldwide Assurance Agency in Miami Risk Strategies, national specialty insurance brokerage and risk management firm, has acquired Miami-based Worldwide Assurance Inc., a retail life, health and benefits agency. Worldwide was founded in 2012 and has grown rapidly in recent years, its president, Osvaldo Gonzalez III, said in a news release. The company offers medical and dental plans, long-term care insurance, group term and variable life insurance

Captive International

12/14/2022

Risk Strategies buys up Worldwide Assurance Risk Strategies has acquired Worldwide Assurance, a health and benefits-focused retail agency. Founded in 2012, Worldwide Assurance specializes in helping businesses and individuals create health benefit coverage plans that meet their specific needs. The firm’s offerings range from medical and dental coverage plans to long-term care insurance, group term, and variable life insurance.

Inside P&C

12/08/2022

Risk Strategies names Bussiere fine arts practice leader while Pontillo becomes product leader Boston-headquartered retail broker Risk Strategies has promoted Margaret Bussiere to national fine arts practice leader, while Mary Pontillo has become national product leader for the division.

Captive International

12/05/2022

Risk Strategies launches US consulting business Risk Strategies, a privately held US broker, has launched a national consulting and actuarial services business. Now merged into a single unified business segment and reporting to John Greenbaum, executive vice president, Risk Strategies Consulting incorporates “expertise and offerings” from industry consulting and actuarial firms acquired over the past four years.

Insurance Business

12/02/2022

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.

Captive Insurance Times

12/02/2022

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.

Inside P&C

12/02/2022

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.

Insurance Business

12/02/2022

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.

HR Tech Outlook

11/28/2022

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.

Insurance Journal

11/21/2022

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.

Reinsurance News

11/21/2022

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.

Place Tech

11/21/2022

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.

Insurance Business America

11/18/2022

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.

Captive Insurance Times

11/18/2022

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.

The Insurer

11/17/2022

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.

Business Insurance

11/17/2022

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.

Insurance Journal

11/09/2022

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.

Insurance Business

11/09/2022

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.

Commercial Risk

11/09/2022

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.

Business Insurance

11/08/2022

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.

Inside P&C

11/08/2022

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.

Business Insurance

11/08/2022

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.

Business Insurance

11/08/2022

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.

InfoSecurity Magazine

11/07/2022

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.

Reinsurance News

11/07/2022

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.

Reinsurance News

11/07/2022

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.

Business Insurance

11/02/2022

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.

Dark Reading

11/02/2022

The Art of Calculating the Cost of Risk Insurance and legislation affect how enterprises balance between protecting against breaches and recovering from them.

Reinsurance News

11/02/2022

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.

M&A Navigator

11/01/2022

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.

Insurance Business America

11/01/2022

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.

Insurance Journal

11/01/2022

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.

M&A Navigator

11/01/2022

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.

Intelligent Insurer

11/01/2022

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.

Risk & Insurance

11/01/2022

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.

Business Insurance

11/01/2022

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.

Intelligent Insurer

11/01/2022

Risk Strategies expands actuarial capabilities with acquisition Risk Strategies expands actuarial capabilities with acquisition.

Risk & Insurance

11/01/2022

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.

BOSTINNO

11/01/2022

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.

Business Insurance

10/28/2022

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.

Insurance Journal

10/26/2022

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.

Insurance Business

10/26/2022

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.

Insurance Advocate

10/26/2022

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.

The Insurer

10/26/2022

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.

Inside P&C

10/26/2022

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.

Insurance Journal

10/26/2022

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.

Insurance Journal

10/26/2022

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.

Insurance Journal

10/26/2022

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.

Insurance Journal

10/26/2022

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.

Business Insurance

10/26/2022

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.

Business Insurance

10/26/2022

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.

Business Insurance

10/26/2022

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.

Insurance Business America

10/26/2022

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.

Insurance Journal

10/26/2022

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.

Life Insurance International

10/26/2022

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.

Insurance Journal

10/26/2022

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.

Explore Big Sky

10/26/2022

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.

The Insurer

10/26/2022

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.

Business Insurance

10/26/2022

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.

Agency Checklists

10/24/2022

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.

Inside P&C

10/21/2022

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

Property&Casualty360

10/19/2022

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.

Business Insurance

10/17/2022

Risk Strategies buys Relation’s education insurance business

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

The Insurer

10/17/2022

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.

Insurance Journal

10/17/2022

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.

The Insurer

10/17/2022

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.

Business Insurance

10/05/2022

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.

Business Insurance

10/05/2022

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.

Business Insurance

10/05/2022

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.

The Rough Notes Company, Inc.

10/04/2022

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.

The Rough Notes Company, Inc.

10/04/2022

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.

Big Sky

10/04/2022

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.

Fox 8

10/04/2022

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.

Insurance Journal

10/03/2022

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.

Insurance Journal

10/03/2022

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.

Rough Notes

09/30/2022

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.

Insurance Journal

09/30/2022

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.

Rough Notes

09/30/2022

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.

Fox 8

09/30/2022

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.

Insurance Journal TV

09/30/2022

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.

Inside P&C

09/23/2022

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

PropertyCasualty360

09/23/2022

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

Risk Strategies appointed Charlie Graham as senior vice president, private client services. She led the specialty high-net-worth division at Orchid Insurance.

Inside P&C

09/22/2022

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.

The Insurer

09/22/2022

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 Business Journal

09/21/2022

St. Louis employee benefits firm changes hands

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

Insurance Advocate

09/21/2022

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 Business Journal

09/19/2022

St. Louis employee benefits firm changes hands

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

S&P Global Market Intelligence

09/19/2022

Risk Strategies acquires New York's Standard Pension Services

Risk Strategies acquires New York's Standard Pension Services.

Life Insurance International

09/16/2022

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.

Insurance Business America

09/16/2022

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.

Inside P&C

09/16/2022

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

Business Insurance

09/15/2022

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.

Insurance Journal

09/15/2022

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.

S&P Global Market Intelligence

09/15/2022

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.

Captive Insurance Times

09/06/2022

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.

Inside P&C

09/06/2022

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.

Life Insurance International

09/06/2022

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.

Insurance Business America

09/06/2022

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.

NJBIZ

08/25/2022

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.

The Insurer

08/25/2022

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.

M & A Navigator

08/25/2022

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.

Intelligent Insurer

08/25/2022

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.

Insurance Journal

08/24/2022

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.

Risk and Insurance

08/11/2022

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.

Insurance Business America

08/10/2022

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.

The Rough Notes Company, Inc.

08/08/2022

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.

Insurance Business America

07/27/2022

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.

The Insurer

07/26/2022

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.

Captive International

07/26/2022

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.

M&A Navigator

07/26/2022

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.

The Insurer

07/26/2022

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.

Insurance Business America

07/25/2022

Risk Strategies acquires surety specialist Bonds Inc.

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

Risk & Insurance

07/25/2022

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.

Business Insurance

07/25/2022

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.

Insurance Journal

07/25/2022

People & Places - East

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

Investor Junkie

07/25/2022

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.

Nashville Post

07/18/2022

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.

Reinsurance News

07/18/2022

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.

Nashville Business Journal

07/14/2022

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.

The Insurer

07/14/2022

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.

Business Insurance

07/14/2022

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 & Insurance

07/12/2022

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

07/12/2022

Business Insurance Comings & Goings

Comings & Goings

Inside P&C

07/12/2022

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.

Insurance Journal

07/07/2022

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.

Insurance Business America

07/07/2022

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.

The Insurer

07/07/2022

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.

M&A Navigator

07/07/2022

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.

Life Insurance International

07/07/2022

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.

Captive International

07/07/2022

Risk Strategies acquires Sebastian Insurance

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

CityBiz

07/07/2022

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.

The Insurer

07/05/2022

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.

Insurance Journal

07/05/2022

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.

Insurance Journal

06/30/2022

People: Risk Strategies Names Ellison Benefits Leader

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

Insurance Business America

06/30/2022

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.

Captive International

06/30/2022

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.

Captive Insurance Times

06/30/2022

Risk Strategies appoints Jason Ellison

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

The Insurer

06/30/2022

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.

Risk & Insurance

06/24/2022

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.

In$urance CIO Outlook

06/22/2022

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.

Security Intelligence

06/22/2022

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.

Inside P&C

06/22/2022

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.

The Insurer

06/22/2022

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.

Insurance Coffee House Podcast

06/14/2022

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 & Insurance

06/09/2022

Risk Strategies Expands Atlantic Region Growth Team

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

Insurance Business America

06/09/2022

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.

Insurance Journal

06/07/2022

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.

Inside P&C

06/06/2022

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.

the Insurer

06/02/2022

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.

Business Insurance

06/02/2022

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.

Inside P&C

06/02/2022

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.

Inside P&C

06/01/2022

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.

South Florida Hospital News

06/01/2022

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.

Benefits Pro

05/31/2022

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.

BenefitsPro

05/24/2022

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?

Recycling Today

05/24/2022

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.

Captive International

05/17/2022

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.

Insurance Business America

05/17/2022

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.

Insurance Journal

05/17/2022

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.

The Rough Notes Company, Inc.

05/04/2022

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.

The Seattle Times

05/04/2022

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.

Business Insurance

05/04/2022

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.

Cybersecurity Dive

05/03/2022

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.

Los Angeles Times

05/03/2022

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 Wealth Advisor

05/03/2022

‘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.

Inside P&C

04/29/2022

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.

Insurance Business America

04/27/2022

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.

The Insurer

04/27/2022

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.

Inside P&C

04/27/2022

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.

M&A Navigator

04/27/2022

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.

Risk Management Magazine

04/27/2022

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 Art Newspaper

04/22/2022

‘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

Business Insurance

04/22/2022

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.

Insurance Journal

04/22/2022

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.

Life Insurance International

04/22/2022

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.

Captive Insurance Times

04/22/2022

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.

Business Insurance

04/22/2022

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.

In$urance CIO Outlook

04/21/2022

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.

Fintech & Finance News

04/19/2022

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.

Inside P&C

04/19/2022

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.

Insurance Journal

04/19/2022

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.

BenefitsPro

04/14/2022

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.

Independent Agent

04/14/2022

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.

Insurance Journal

04/14/2022

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."

Agency Checklists

04/05/2022

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.

South Florida Hospital News

04/01/2022

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.

Insurance Business America

04/01/2022

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.

Insurance Business America

03/30/2022

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.

New England Real Estate Journal (NEREJ)

03/25/2022

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…

Risk & Insurance

03/25/2022

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.

S&P Global Market Intelligence

03/23/2022

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.

Boston Business Journal

03/23/2022

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.

Captive International

03/23/2022

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.

Insurance Business America

03/23/2022

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.

Intelligent Insurer

03/18/2022

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.

Inside P&C

03/16/2022

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.

Boston Business Journal

03/16/2022

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.

Risk & Insurance

03/15/2022

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.

Insurance Business America

03/15/2022

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.

Business Insurance

03/09/2022

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.

South Florida Hospital News

03/09/2022

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.

Risk & Insurance

03/09/2022

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.

AM Best

03/09/2022

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.

Risk & Insurance

02/23/2022

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."

Inside P&C

02/22/2022

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.

Risk & Insurance

02/22/2022

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.

Insurance Business America

02/22/2022

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.

Captive International

02/17/2022

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.

The Insurer

02/17/2022

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.

Life Insurance International

02/17/2022

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.