Risk Strategies has acquired insurance and employee benefits agency Meeker Sharkey & Hurley to expand the specialty insurance brokerage and risk management firm’s retail insurance operations.
The firm provides insurance and reinsurance placement, as well as risk management advice, for property and casualty, employee benefits, environmental and cyber risks.
Risk Strategies’ captive practice encompasses its three divisions (Oxford Risk Management Group, Atlas Insurance Management and Risk Management Advisors) to provide coverage for specialised enterprise risks, including general liability, workers’ compensation, business interruption, medical malpractice and reputational risks, among others.
Captive management services available include policy drafting and pricing, risk management reviews, financial reporting services, and regulatory compliance services.
Meeker Sharkey & Hurley offers consultative risk management and insurance services to non-profit organisations, financial institutions, public entities, and manufacturing and distribution.
Commenting on the acquisition, John Scroope, national director of retail operations at Risk Strategies, says: “Adding Meeker Sharkey & Hurley to the Risk Strategies family further strengthens our specialist approach to risk and New Jersey-based operations for clients and prospects.”
“They bring an impressive legacy of service and strong community ties, and we look forward to tapping into their expertise and unique specialisation in growing segments.”
Tom Sharkey, president of Meeker Sharkey & Hurley, adds: “As a specialty brokerage firm, this is an exciting time for us as we join a top national broker to enhance our insurance offerings to better serve our clients and local communities.”
This marks Risk Strategies’ second employee benefits acquisition in as many months.
