Risk Strategies acquires full-service brokerage firm in US
US insurance brokerage and risk management firm Risk Strategies has acquired a full-service brokerage firm in New Jersey.
KRA Insurance Agency is the second New Jersey-based acquisition for Risk Strategies in the fourth quarter this year. The transaction includes KRA’s wholly owned subsidiary KRA Life Agency.
KRA serves a broad base of industries with a focus on professional liability, construction, real estate, hospitality, not-for-profits and the high-net-worth industry segments. Product lines for clients range from commercial to personal as well as employee benefits and life insurance.
“ Risk Strategies is experiencing tremendous growth in New Jersey. The KRA team has the expertise and commitment to excellence that complements our culture and fuels our specialist approach to risk in niche segments,” said John Scroope, national director of retail operations for Risk Strategies. “We welcome KRA to the Risk Strategies family.”
Michele Williams, chief executive officer of KRA, said: “We’ve built our business creating innovative solutions to even the toughest risk management challenges. By joining Risk Strategies, we can maintain that local presence and now have the ability to expand upon the products and services we can offer to our clients even further.”
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