Risk Strategies has acquired Thomas McGee group, a Missouri-based brokerage that specialises in large accounts, group and single-parent captives and focused risk management services.
Thomas McGee Group has been in the alternative risk transfer market since the 1980s, the firm has formed and managed self-insured pools as well as placements for excess programmes, loss portfolio transfer programmes, claim reserve analysis, programmes for individual clients and other alternative risk financing and management strategies.
John Mina, Risk Strategies’ CEO, said: “In a very active acquisition market, we remained focused on bringing on board only those firms with a culture and expertise focus that will advance our goal of becoming a best-in-class specialty brokerage.”
“We saw in Thomas McGee Group’s long history, loyal client base and expertise, particularly in alternative risk structures, a direct fit with our direction and philosophy.”
Doug Joyce, managing partner, TMG, said: “With over 100 years of history, reputation and success, ensuring our clients and business could thrive in the future was the main focus in finding a national-scale partner. Becoming part of Risk Strategies, with its focus on specialization, deep resources and unique, flat national-scale operating structure, offered the best path forward for our business and clients.”
The terms of the deal were not disclosed.
