Risk Strategies Acquires National Insurance Consulting Group, Expands Southeast Reach

August 22, 2019

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has expanded its presence in the Southeast United States with the acquisition of National Insurance Consulting Group, LLC (NICG), an employee benefits and human capital consulting firm. Terms of the deal were not disclosed.

Founded in 2014 by Zain Hasan, NICG offers benefits consulting, outsourced benefits administration, human capital management software delivery, and outsourced HR. With locations in Atlanta and Fort Lauderdale, Fla., the firm specializes in creating alternatively funded employee benefits programs for middle market businesses in a variety of industries and providing mid-market organizations consulting expertise.

NICG has made significant inroads into a number of specialty industries over its five years of operation that match-up well with those served by Risk Strategies, including family offices, private equity, professional services, technology firms, charter schools and higher education institutions.

NICG crafts alternative funding strategies and tailored, insurance-based employee benefits programs, as well as a multi-year strategic benefits planning process. The firm also delivers well-being program development, analytics-based insights and benchmarking relevant to both industry and geography.

Risk Strategies’ employee benefits practice has grown steadily in recent years with strategic acquisitions. In 2018, Risk Strategies acquired Corporate Benefit Audits (CBA), a Boston-area firm providing claim outsourcing and audit services to the medical stop loss, managed care and self-funded industries.

Risk Strategies is a privately held, national firm with offices across the country. The company offers risk management services as well as insurance and reinsurance placement for property & casualty, healthcare and employee benefits risks. Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets. Risk Strategies has offices in more than 70 locations nationwide including Boston, New York City, Chicago, Minneapolis, Miami, Atlanta, Houston, Dallas, Nashville, Los Angeles and San Francisco.

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