Risk Strategies Acquires Winter Group Inc.
Move adds transportation sector expertise to wholesale operations
BOSTON, July 15, 2019 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced it has acquired Winter Group Inc., a specialty insurance program manager with a focus on the trucking industry. Terms of the deal were not disclosed.
Founded in 1995 and headquartered in San Diego, California, Winter Group is a leading transportation wholesaler known for providing national insurance solutions for virtually all facets of the trucking and transportation industry, with a strong specialization in cross-border transportation risks.
“Strong, continued economic growth is driving rapid expansion in the U.S. transportation sector at a time when technological and road safety advances are creating new opportunities for differentiation and specialization,” said Matthew Power, Senior Managing Director (Wholesale) of Risk Strategies. “More than ever, brokers serving this industry need more than access, they need a specialist like Winter Group on their side.”
Serving over 17,000 customers, Winter Group is the market leader in helping brokers deal with NAFTA transportation risk management and compliance, providing invaluable insight and assistance to streamline the process of meeting the regulatory standards associated with cross-border transportation risks.
“Risk Strategies is a highly collaborative and innovative firm,” said Phillip Winter, Managing Director of Winter Group. “Its focus on distinctly differentiated niche areas of our industry, and an acquisition strategy centered on specialty wholesale organizations, is a perfect foundation on which our team, customers and stakeholders can grow and thrive.”
With offices in California, Texas, Florida, Washington, South Carolina, Atlanta, North Carolina and Ohio, Winter Group’s market leading solutions serve both short- and long-haul trucking operations. The company also functions as a program administrator for several national trucking associations.
In its focused growth through industry and product specialization, Risk Strategies has made key acquisitions targeting wholesale operations, as well as retail firms that have brought with them wholesale groups. Organizations that have brought wholesale and alternative distribution capabilities to Risk Strategies include Advanced E&S Group, Atlass Special Risks, Cincinnati Intermediaries, Flood Advantage Partners, and Select Insurance Markets LLP.
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.