Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired UNIRISC Inc., a specialist in the global relocation insurance and risk management needs of corporate personnel and private individuals moving domestically and overseas. Terms of the deal were not disclosed.
Founded in 1972 and based in Arlington, Va., UNIRISC’s clients include Fortune 100 companies spanning the automotive, financial, pharmaceutical, insurance, service, manufacturing, communications, technology and relocation industries. UNIRISC’s services include claims and bespoke relocation assistance to mitigate the risk and complexity of relocation.
Organized as two distinct divisions – insurance brokerage and third-party administrator – UNIRISC aims to simplify the complexities of relocation. UNIRISC’s brokerage team can customize coverage while its third-party administrator group uses proprietary technology to manage and streamline the claims process for self-insured relocation clients.
Risk Strategies’ presence in the mid-Atlantic region has steadily increased in recent years through the acquisition of several specialty firms. In 2017, Risk Strategies acquired both Baltimore-based Delmarva Surety, a specialist in the sale and servicing of surety bonds and commercial insurance, and Cornerstone Professional Liability Consultants, a specialist in medical malpractice insurance for physicians and surgeons. In 2018, Risk Strategies acquired Bethesda, Md.-based employee benefits specialist, Arkin Youngentob Associates, and Potomac, Md.-based Creative Insurance Solutions, a specialist in private client personal lines insurance.
Risk Strategies offers risk management advice as well as insurance and reinsurance placement for property and casualty, health care and employee benefits risks. It serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets.
Source: Risk Strategies
Topics Mergers & Acquisitions Virginia
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