Risk Strategies Co. (RSC), a national insurance brokerage and risk management firm based in Boston, has completed the merger of Cohn-Reid-O’Neill Insurance Services Inc. (CRO) in Burlingame, Calif., with its West Coast operations. Focused on providing insurance brokerage and employee benefits services to the technology, agriculture and real estate sectors, CRO has built its private client personal lines insurance group, which serves high net worth individuals and families, into one of the largest in California.
The merger supports RSC’s strategy to supplement organic growth and also diversify with targeted transactions. In addition, CRO expands RSC’s presence in California, which already includes offices in Los Angeles, Sacramento and Irvine, and provides RSC with a foundation for continued growth in the rest of the Western U.S. region. Terms of the transaction have not been disclosed.
As part of the merger, CRO’s three founding principals, Joe Cohn, Andy Reid and John O’Neill, will continue to lead CRO’s business with all of CRO’s employees joining the newly combined RSC-CRO organization.
Headquartered in Boston, Risk Strategies is a national insurance brokerage firm, with additional offices in New York, Chicago, Los Angeles, Sacramento, Irvine and Providence. The company provides insurance and risk financing solutions to middle market companies, large corporations and high net worth individuals and families.
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