Broker Risk Strategies Company, which arranges insurance and reinsurance for its clients, today announced its acquisition of Friedman & Friedman Agency – an insurer with a strong specialty emphasis on private client personal lines accounts. Terms of the deal are undisclosed.
Friedman & Friedman offers insurance products for home and auto coverage, personal excess, boat/yacht insurance, and valuable collection insurance, it also specializes in estate planning and complex asset protection for high net worth families.
Bob Courtemanche, Risk Strategies Company senior managing director and private client group national practice leader, commented on the acquisition; “Risk Strategies Company is focused on acquiring the expertise that makes understanding and solving complex, dynamic risk challenges simple and efficient.
“The personnel and focus of Friedman & Friedman make it a great fit for our approach to the business.”
Friedman & Friedman boasts further expertise and significant business in real estate, manufacturing, information technology, international, and professional services, with most of its clients in these market segments based out of New York.
Stephen Sharp, president, Friedman & Friedman Agency said; “Given our mix of business and approach to risk management, joining forces with Risk Strategies Company seemed like a great way to really make a difference for our clients.”
And Bob Friedman, Friedman & Friedman Agency Partner added; “Friedman & Friedman has a long history of providing superior advice and service to clients, so we wanted to be sure the company we joined met that standard and could add significantly to the capabilities our clients can tap. Risk Strategies is clearly able to do just that.”
With the Friedman & Friedman acquisition, Risk Strategies Company has continued on its growth trajectory after having acquired employee benefits specialist firm TSG Financial, based in Garden City, NY on Long Island late last year.