Risk Strategies Company Acquires New Hampshire-Based DataRisk
Nationally Ranked Insurance Brokerage & Risk Management Firm Completes Fourth Acquisition in 24 Months
BOSTON, January 14, 2014 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced it has acquired DataRisk LLC, a Portsmouth, NH-based risk management consulting firm offering customized risk management and specialized insurance brokerage solutions, including executive level personal lines.
Terms of the deal were not disclosed.
As part of the transaction, Mike Daigle, DataRisk's President, CEO and Founder, joins Risk Strategies as a Managing Director. He and his team will help to further expand Risk Strategies' business from the Portsmouth location, while gaining access to Risk Strategies' national network of resources.
"DataRisk has roots that are remarkably similar to Risk Strategies', and Mike Daigle is a seasoned professional with more than 30 years of experience in the Risk Management, Treasury and Employee Benefit fields. We're thrilled to have him and his talented colleagues join the Risk Strategies team," said Michael Christian, Chief Executive Officer, Risk Strategies Company.
"This is an exciting announcement because of the high degree of synergy between DataRisk and Risk Strategies; particularly how both firms have evolved and grown while still maintaining an entrepreneurial spirit with an unrelenting focus on meeting client's needs," said Daigle. "We look forward to offering our clients a broader portfolio of services and resources as part of Risk Strategies."
The addition of DataRisk enhances and adds scale to Risk Strategies' current risk financing/risk control offerings for middle market, national, and global companies. DataRisk's team is skilled in providing out-sourced risk management and other services such as risk assessment analysis, insurance program audits, merger & acquisition due diligence, insurance brokerage service benchmarking, claim advocacy services, captive feasibility studies, accrual analysis, collateral negotiations and enterprise risk management solutions.
With client niches similar to Risk Strategies Company, DataRisk has deep expertise in several client specialty areas including real estate, healthcare/human services, private equity, life sciences, medical products, financial services, and executive level personal lines.
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.