Risk Strategies Acquires New York City-Based Specialty Brokerage
- February 21, 2018
BOSTON -- Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced the acquisition of Prosurance Redeker Group LTD, a specialty brokerage serving architects and engineers by providing risk management consultation and placement of professional liability and other key business insurance coverages. Terms of the deal were not disclosed.
Formed in 1991 from the merger of Redeker Brokerage and Prosurance Brokerage, Prosurance Redeker Group LTD. is led by its two principal owners, Greg Kumm and Warren Redeker. Well-known in the architects and engineers (A&E) marketplace, the company was a founding member of a/e ProNet, the National Network of Architects’ and Engineers’ Professional Liability Insurance Brokers.
“In architecture and engineering, getting the details right is crucial. Expertise matters and is highly valued by clients,” said Mike Christian, founder and CEO of Risk Strategies. “Given their historical focus in this market and stellar reputation, we saw Prosurance Redeker Group as a natural fit for our experts-driven approach to the market.”
Risk Strategies’ A&E-focused professional practices group represents over 4,000 design professionals and consulting firms, reflecting a broad cross section of business types from sole proprietorships to ENR 40 firms with thousands of employees.
“Our long history of success has always tied directly back to the value our organization brings to our clients,” said Greg Kumm, president of Prosurance Redeker. “The level of resources and expertise Risk Strategies offers will benefit existing clients in substantial ways and allow our people to more effectively compete for new business.”