Specialty insurance brokerage and risk management firm, Risk Strategies is set to consolidate its independent captives group under the Risk Management Advisors (RMA) brand, in a move that merges Atlas Insurance Management into the RMA brand and operations.
According to the announcement, the newly consolidated operations will be led by Managing Director Max Jong, who joined as part of the RMA acquisition by Risk Strategies in 2019.
In addition, Atlas was also acquired by Risk Strategies in 2020.
“At a time when alternatives to traditional insurance approaches in risk management are becoming more important than ever, I’m excited that we are taking this step in building out one of the country’s most knowledgeable and effective captives operations,” commented Jong.
He continued: “Bringing together our operations will make it easier to build on and add to our capabilities in ways that meaningfully benefit clients.”
John Mina, CEO, Risk Strategies, commented on the merger: “Bringing these groups together under one brand and structure will have real benefits for both our clients and our overall business.
“As one group, our professionals can more easily collaborate to solve problems and identify new opportunities as the demand for alternative risk approaches grows.”
In related news, Risk Strategies recently acquired Castle Rock Capacity, a full-service property & casualty insurance broker with expertise in the construction, real estate and development industries.