Broker Risk Strategies buys trucking and transportation specialist Winter Group
US insurance brokerage and risk management firm Risk Strategies has acquired California-based Winter Group, a specialty insurance programme manager with a focus on the trucking industry.
Winter is a wholesaler that provides national insurance solutions for all facets of the trucking and transportation industry, with a specialisation in cross-border transportation risks. It helps brokers deal with NAFTA transportation risk management and compliance.
Matthew Power, senior managing director - wholesale, Risk Strategies, said: “Strong, continued economic growth is driving rapid expansion in the US transportation sector at a time when technological and road safety advances are creating new opportunities for differentiation and specialisation. More than ever, brokers serving this industry need more than access, they need a specialist like Winter Group on their side.”
Phillip Winter, managing director of Winter Group, said: “Risk Strategies is a highly collaborative and innovative firm. Its focus on distinctly differentiated niche areas of our industry, and an acquisition strategy centered on specialty wholesale organisations, is a perfect foundation on which our team, customers and stakeholders can grow and thrive.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Markel agrees deal with former CatCo CEOs over ‘wrongful termination’ claims
The claims centred on the sudden departure of two execs found to be in an ‘undisclosed personal relationship’.
Moody's goes negative on most Argentine insurers and financial guarantors
Allianz Argentina Compania de Seguros, Chubb Seguros Argentina, and QBE Seguros La Buenos Aires are among the 19 entities whose outlook has been revised.
ProSight Global looks to raise $150 million in initial public offering
The IPO price is currently expected to be between $16 and $18 per share.
Hurricane Barry insurance losses minimum of $300 million, finds risk modeller
Early estimates do not include losses covered by the US government’s National Flood Insurance program.
Blockchain insurance initiative B3i appoints CEO
The executive has overseen the delivery of B3i's first product, having served as interim CEO since March 2019.
Allianz unveils new leader of AGCS Canadian business
Its chief agent of Canada Ulrich Kadow has moved into a new global marine leadership role.
Save £600 with the Intelligent InsurTECH Europe Super Early-Bird rate: Book now
