Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Pawson Insurance, a full-service retail insurance brokerage specializing in property/casualty and employee benefits solutions. Terms of the deal were not announced.
Headquartered in Branford, Connecticut, Pawson Insurance was founded in 1987 and focuses on the insurance needs of individuals and large-scale businesses. Operated by brothers John Dendas Jr. and Joe Dendas since 2000, Pawson Insurance’s client focus includes condo associations/homeowners, restaurants, transportation, trade contractors and construction.
Pawson Insurance has grown both organically and through its own acquisition activity. In 2002, it made its first acquisition of Diversified Insurance of Stratford, Connecticut, followed by the 2007 acquisition of Coan & Bunnell Insurance of Orange, Connecticut, which was founded in 1858. In 2009, Pawson acquired Fogg Insurance of Southington, Connecticut.
The acquisition of Pawson Insurance expands and complements Risk Strategies’ presence in Connecticut. In 2019, Risk Strategies acquired Gowrie Holdings Inc. a marine insurance specialist with three offices in the state. Its retail operations, Gowrie Marine, offer a range of insurance products, including customized placements for high-net-worth families and individuals. That same year, Gerard B. Tracy Associates Inc., a Connecticut-based employee benefits firm with a specialty focus on institutions of higher education, also joined the Risk Strategies family.
Source: Risk Strategies
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