Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Benefit Development Group, a Worcester, Massachusetts-based broker for health insurance, group, and voluntary benefits in the Northeast.
This latest transaction marks the third deal this month for Risk Strategies. Earlier this month, Risk Strategies announced transactions with DeWitt Stern Group and Crow Friedman Group.
Founded in 1976, Benefit Development Group offers health insurance, group, and voluntary benefits services for clients in various industries including retail and distribution, utilities, higher education, not-for-profits, consulting and healthcare/clinical professions.
Benefit Development Group’s president and founder Mike Tsotsis and senior vice president Christopher Powers will continue to manage the firm, and will do business as “Benefit Development Group, a Risk Strategies Company,” according to the announcement.
Was this article valuable?
Here are more articles you may enjoy.
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
