Risk Strategies Boosts Mid-Atlantic Presence with Acquisition
- January 29, 2020
Risk Strategies Acquires Weaver Bros. Insurance Associates, Inc.
Adds one of largest independents in Washington, D.C, area boosts Mid-Atlantic presence
BOSTON, -- Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Weaver Brothers Insurance, Inc., a full-service brokerage based in Bethesda, Maryland and one of the largest independent insurance brokerages in the Washington, D.C. area. Terms of the deal were not announced.
Founded in 1988 with roots dating back to 1888, Weaver Bros. is a well-established commercial brokerage with unique capabilities in servicing the insurance and risk management needs of public entities, particularly embassies and diplomatic risks. The firm’s professional staff averages 25 years of insurance industry experience, delivering an in-depth knowledge of risk issues and tailored solutions that have, in turn, fostered long-term client and carrier relationships.
“We believe businesses today need true specialists who understand their unique risks and can devise effective, innovative ways to manage them,” said John Mina, Risk Strategies’ CEO. “Weaver Bros. is a great addition to our portfolio in the Washington D.C. geography, bringing unique specialty capabilities and deep risk management expertise to complement our existing operations in the region. Their ability to build trust and long-term relationships is a terrific fit with our approach.”
In addition to its specialty work in embassy and diplomatic risk, Weaver Bros.’ business insurance division has established and grown practices in real estate and contractors, automobile dealers, and non-profits. Product lines for clients range from property and casualty and general liability to group benefits, workers’ compensation, and directors and officers liability, among others.
“Weaver Bros.’ longevity is due, in no small part, to evolving its practices to match business need, from specialty focus to technology adoption,” said Dick West, Weaver Bros.’ CEO. “We see becoming part of Risk Strategies as the best way to scale our specialist approach and deliver the new and deeper capabilities our clients and prospects are seeking.”