US brokerage and risk management firm Risk Strategies has acquired Oxford Risk Management Group, a leading captive insurance consultancy.
Oxford Risk specialises in captive feasibility studies, coordination, and management of turn-key captive arrangements, both domestically and internationally.
Following the deal, the Oxford brand and team will operate as usual and its expertise and services will continue to be available to its referral channels even as it becomes a resource for Risk Strategies’ clients.
Oxford has been led by its founding principals Michael DiMayo and Kevin Myers since it was established in 2010.
DiMayo commented: “Becoming part of Risk Strategies, an organisation that understands from its founding days the client benefit of a smartly structured captive, made sense as we looked for ways to extend the reach of our operations.”
Mike Christian, founder and CEO of Risk Strategies, said creating and managing captive structures goes back to the earliest days of his company.
He explained: “Risk Strategies started primarily as a risk management consultancy to help organisations identify, understand and manage their business risks.”
“Bringing on the team at Oxford will provide a valuable resource for alternative and enterprise risk management for existing and prospective clients across our specialised practices.”
Terms of the deal have yet to be disclosed.