Artemis ILS NYC 2019

Menu

Reinsurance News

Corporate Benefit Audits (CBA) acquired by Risk Strategies

23rd May 2018 - Author: Charlie Wood

The privately held national insurance brokerage and risk management firm Risk Strategies has announced the acquisition of Massachusetts-based Corporate Benefit Audits (CBA).

Risk StrategiesCBA has operated since its founding in 1992 and provides outsourced claim auditing services to clients including stop loss carriers, managing general underwriters, reinsurance companies and self-funded employers.

Risk Strategies will hope to broaden its employee benefits capabilities in a deal that sees them acquire a company known for creating a unique claim analytic tool, in response to rising cost pressures.

CBA’s emphasis on early identification and management of catastrophic risk issues has driven an expansion in service offerings and an increase in firms seeking their sophisticated talent, resources and technologies.

Steve Kurkul, founder and president of CBA, commented, “We’re excited about joining the respected Risk Strategies organisation, They have a strong, national reputation as smart, technical experts in the employee benefits space, and we see our capabilities and business aligning perfectly with their collaborative culture and direction.”

“Today’s health care delivery system is incredibly complex, making it difficult for all stakeholders to understand if claim obligations are being managed in a cost-effective manner,” said John Greenbaum, Risk Strategies employee benefits practice leader. CBA brings unmatched expertise to this issue that will greatly benefit our client base and add a new service dimension to our practice,” Kurkul concluded.

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
Silent cyber drives Petya loss to $2.7 billion, says PCS

The insurance and reinsurance industry loss from the Petya / NotPetya cyber attack continues to rise as a result of...

Close