Risk Strategies Company announced Tuesday that it has acquired John Buttine Inc., an insurance brokerage in New York City with a specialty focus on media-related businesses and services. Terms of the transaction were not disclosed.
Established in 1946, John Buttine specializes in providing insurance placement and risk management services for advertising agencies, magazine publishers, trade and public show organizers and associations.
Risk Strategies said John Buttine’s specialization in media-focused businesses is a natural complement to the core business of DeWitt Stern, a Risk Strategies member company based in New York City. DeWitt Stern, which was acquired by Risk Strategies in 2014, is a national brokerage for media, entertainment and fine arts, counting film and media companies as well as performance venues and live theater among its client base.
Jack M. Buttine, president of John Buttine, and the firm’s 13 staff members will join Risk Strategies as part of the transaction and operate from DeWitt Stern’s New York City office. John Buttine will continue to operate under its current name for the foreseeable future.
Risk Strategies is a privately held, national insurance brokerage and risk management firm based in Boston. It provides risk management advice and insurance placement for property/casualty, healthcare and employee benefits risks, serving commercial companies, non-profits, public entities and individuals. Risk Strategies has offices in more than 25 locations across the U.S. and more than 550 staff members.
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