Risk Strategies Company Announces Formation of New National Professional Practices Group
Practice Specializes in Professional Liability, P&C and Employee Benefits for Architectural and Engineering Professionals, Law Firms and TPAs; Expands RSC's Industry, Geographic Depth
BOSTON, September 11, 2013 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced the launch of its new Professional Practices Group, which specializes in providing Professional Liability and E&O insurance, Property & Casualty insurance solutions and Employee Benefits programs for architectural and engineering firms, law firms and third-party administrators (TPAs). Concentrated in California, the new practice will consist of a team of seasoned insurance industry professionals and will service a range of national and international commercial and personal clients.
Founded in 1997 and ranked among the largest insurance brokerage firms in the U.S., privately-held RSC is a leader in Property & Casualty and Employee Benefits insurance. With a focus on middle/upper-middle market commercial and high-net-worth clients, RSC's vertical industry expertise includes manufacturing, construction, social service, healthcare, higher education, private equity, private client and real estate.
Co-leading RSC's Professional Practices Group are two highly respected industry veterans, Senior Vice Presidents George DeWalt and Lou Moreno. DeWalt and Moreno recently joined the firm and are based in Orange County and San Francisco, respectively. Dewalt brings nearly forty years' industry experience and is also a practicing attorney. Moreno, who also serves as General Counsel for RSC's Professional Practices Group, has been providing business and insurance advice to architectural, engineering and law firms for nearly 20 years. He is a long-standing member of the ACEC-CA Business and Insurance and Board of Professional Engineers and Land Surveyors Committees.
"Today's announcement is an important component of our aggressive national growth strategy," said RSC's Chief Executive Officer and founder Michael Christian. "The recent resurgence in the national building and construction industries translates into greater opportunities for Risk Strategies Company to help clients in these segments protect and grow their businesses. The creation of a Professional Practices Group brings us into new areas that are quite complimentary to our existing practices."
"As it has grown its insurance brokerage business, Risk Strategies has built a strong national reputation for providing superior client service through a highly consultative model," said DeWalt. "This approach fits perfectly with our methodology for working with clients."
Architectural and engineering design companies and law firms are grappling with increasingly complex issues and competitive pressures. As a result, they are seeking superior strategic insight into contractual service issues, growth initiatives and cost reduction methods that will enhance their competitive position. RSC's Professional Practices Group, through its long term relationships and experience in the marketplace, is uniquely positioned to assist its expanding client base to meet these challenges through a difficult economic environment.
"We are excited to be applying our legal and insurance industry backgrounds to Risk Strategies' clients as it launches the new professional practices group," said Moreno. "We see great upside for both existing and new clients to take advantage of the scale and resources that Risk Strategies offers. We also see strong potential for both organic growth, as well as new client acquisition."
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.