Risk Strategies Expands Private Client Practice with Acquisition of Bedrick-Kaitz Agency, Inc.
New York City-based firm brings added expertise to rapidly growing national group
BOSTON, September 30, 2019 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced the acquisition of Bedrick-Kaitz Agency, Inc. (BKA), a firm focused on helping high-net-worth individuals and businesses throughout the country protect their assets. Terms of the deal were not revealed.
BKA is run by its Chief Executive Officer, Michael Rosenberg, who acquired the firm from one of its original founders, Donald Kaitz, shortly after joining the company in the 1980s. Prior to acquiring BKA, Rosenberg was a personal lines specialist with a boutique brokerage in New York City.
“We’re always on the lookout for potential partners who can bring the right mix of experience and expertise to our practice,” said Bob Courtemanche, Risk Strategies’ National Private Client Practice Leader. “Michael and the team at BKA squarely hit that criteria and will be a great fit.”
In addition to its main focus of offering customized policy programs covering the entire suite of personal insurance products, including a specialty focus in exotic cars, BKA also helps clients protect their businesses with commercial insurance products ranging from general and professional liability to workers’ compensation.
“When looking for a way to grow the business, Risk Strategies emerged as the obvious partner choice,” said Rosenberg. “Their specialist approach meant our clients would continue to receive the premium service they’ve come to expect but with deeper and broader resources.”
Matching the build-out of its other practice groups, Risk Strategies has fashioned a national private client practice, which is focused on providing expert service, broad capabilities and deep resources to successful individuals and businesses. Courtemanche, a founding board member of the Private Risk Management Association, joined from Swiss insurance giant ACE, now part of Chubb, in 2015 where he was Chairman of Private Risk Services. In 2016, Risk Strategies acquired Atlass Insurance Group, adding unparalleled yacht and watercraft risk and insurance expertise to its practice capabilities.
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.