Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired TriPoint Insurance Inc., a national specialist providing Performance Based Insurance (PBI) solutions to middle market companies in the construction, manufacturing, wholesale and skilled nursing verticals.
TriPoint’s PBI solutions include large deductible program structures, captive insurance programs and other performance-based products. Terms of the deal were not announced.
Originally established in 1917 as a general insurance agency, TriPoint is based in Avon, Connecticut. TriPoint PBI takes a holistic approach to managing client’s overall casualty insurance costs, combining claims and risk reduction management with traditional and alternative risk financing, such as high deductible plans and specialized captives.
As part of Risk Strategies, TriPoint’s expertise will be integral to the national casualty practice and deployed across all relevant industry and specialty practices. With its focus on claims management and risk reduction, TriPoint experts will also work closely with the risk management services and consulting safety services groups to bring additional capabilities to existing clients and develop new opportunities to build business.
Source: Risk Strategies
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