Risk Strategies Company Acquires D&D Insurance Agency
Growing National Insurance Brokerage, Risk Management Consulting Services Firm Extends Personal Lines Coverage and Expands Local Presence
BOSTON, October 22, 2012 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced that it has acquired Burlington, Mass.-based D&D Insurance Agency, an independent personal and commercial lines insurance agency specializing in risk and insurance solutions for personal and commercial clients in Massachusetts.
Terms of the deal were not disclosed.
The transaction is RSC's fourth acquisition in the past two years and its second in the Boston area in the past nine months. In December 2011, RSC acquired Needham, Mass.-based Global Insurance Network Inc., a real estate/condo market insurance specialist.
As part of the transaction, D&D's founder and principal Mark Vallucci joins RSC as a Vice President and he will help to further expand RSC's personal and commercial lines business. The entire D&D team will become RSC employees, effective immediately, and will service existing and new clients from RSC's Randolph and Burlington offices.
"The D&D acquisition continues our strategy of acquiring high growth firms that complement our existing lines of business and it allows Risk Strategies Company to further expand our Boston-area professional staff and client base," said Michael Christian, Chief Executive Officer of Risk Strategies Company. "Since 2008, Mark Vallucci has grown D&D Insurance Agency's business by delivering superior client service through personalized attention. We welcome Mark to our team and we look forward to working with D&D's staff and clients."
"Risk Strategies Company has built a strong and diversified insurance brokerage firm, along with a great reputation," said Vallucci. "We look forward to joining forces with RSC. As part of a larger firm, we can provide a broader array of products, services and expert resources, while offering the best coverage and pricing, all while maintaining the close, personal approach upon which I have built the D&D business."
To learn more about Risk Strategies, please visit www.riskstrategies.com
About Risk Strategies
Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies has over 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles, and San Francisco. RiskStrategies.com.