Risk Strategies, a privately held US insurance broker and risk management firm, has acquired Thomas McGee Group, a US full-service insurance brokerage headquartered in Missouri.
TMG, with specialty capabilities for large accounts, group and single parent captives, and focused risk management services, also enjoys a national reputation in the surety business, underwriting customised programs for the construction industry.
Headquartered in Kansas City, MO, the firm also maintains offices and operations in St. Louis, MO.
“In a very active acquisition market, we remained focused on bringing on board only those firms with a culture and expertise focus that will advance our goal of becoming a best-in-class specialty brokerage,” said John Mina, Risk Strategies’ Chief Executive Officer.
“We saw in Thomas McGee Group’s long history, loyal client base and expertise, particularly in alternative risk structures, a direct fit with our direction and philosophy.”
In-house safety and loss control capabilities help TMG clients identify and mitigate risks that could affect their people, operations and property and liability risks.
For many clients, the firm acts as an outsourced risk manager, providing on-demand, ongoing guidance about risk and liability issues that could affect their business.
“With over 100 years of history, reputation and success, ensuring our clients and business could thrive in the future was the main focus in finding a national-scale partner,” said Doug Joyce, Managing Partner, TMG. “
“Becoming part of Risk Strategies, with its focus on specialization, deep resources and unique, flat national-scale operating structure, offered the best path forward for our business and clients.”