U.S. domiciled broker and risk management company, Risk Strategies, has acquired trucking industry-focused specialty insurance program manager, Winter Group, Inc.
The takeover adds transportation industry expertise to Risk Strategies’ wholesale operations.
Winter Group, a transportation wholesaler that provides national insurance solutions for “virtually all facets” of both the trucking and transportation sector, has a specialist focus on cross-border transportation risks.
Founded in 1995, the firm services more than 17,000 clients across its offices in California, Texas, Florida, Washington, South Carolina, Atlanta, North Carolina, and Ohio, and assists brokers with NAFTA transportation risk management and compliance.
Matthew Power, Senior Managing Director (Wholesale) of Risk Strategies, commented: “Strong, continued economic growth is driving rapid expansion in the U.S. transportation sector at a time when technological and road safety advances are creating new opportunities for differentiation and specialization.
“More than ever, brokers serving this industry need more than access, they need a specialist like Winter Group on their side.”
Managing Director of Winter Group, Phillip Winter added: “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 organizations, is a perfect foundation on which our team, customers and stakeholders can grow and thrive.”
Terms of the transaction were not disclosed.