Independent national wholesale broker All Risks Ltd. said it has acquired Alive Risk, a division of California-based NAS Insurance Services that specializes in entertainment, media, special events, film productions and sports accounts. Terms of the transaction were not disclosed.
Alive Risk will continue to operate under its name as a division of All Risks Ltd. The deal gives All Risks a presence in Los Angeles and Minneapolis, where Alive Risk has offices.
Jerid Schmickle, managing director of Alive Risk, along with Tim Troester, Don DeWitt, Moshe Netter, Houtan Homazad, and Patrick Gavin, will continue as the Alive Risk team..
All Risks, based in Hunt Valley, Maryland, employs more than 600 staff members in offices located in Maryland, Arizona, California, the District of Columbia, Florida, Georgia, Illinois, Louisiana, Minnesota, New York, North Carolina, Pennsylvania, Texas, Virginia and Washington.