Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the deal were not disclosed.
Founded in 1981, Setnor Byer provides commercial and personal lines products. Anita Byer, the managing principal, will remain in her current leadership role, the companies said in a news release.
The brokerage is licensed to do business in all 50 states and has international clients.
Risk Strategies, based in Boston, has made a number of acquisitions in 2023, including three in the Northeast. The company said it has more than 30 specialty practices serving commercial companies, nonprofits, public entities, and individuals from more than 100 offices including ones in Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington D.C., Los Angeles and San Francisco.
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