Friday 27 January 2023

Boston, US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired insurance and risk management advisor Tanenbaum-Harber of Florida, LLC, the firm said.

Terms of the deal were not disclosed.

Tracing its roots back to 1860, Tanenbaum-Harber is headquartered in Miramar, FL and is one of the largest independent retail agencies operating in South Florida.

Also acquired in the deal were the assets of Tanenbaum-Harber of California, Inc., which operates from San Diego and supports a growing business in the state.

While most of Tanenbaum-Harber's business is conducted in support of clients seeking customized property and casualty insurance solutions, it has seen steady growth in personal lines, helping families and individuals with their risk and liability coverage needs.

In a very competitive environment, and despite challenging market conditions, Tanenbaum-Harber has experienced strong business growth over the past five years.

The agency counts over 5,000 clients across a range of industries including wholesale distribution, real estate, security, hospitality, technology and non-profit.

Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions.

With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets.

Risk Strategies has over 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles and San Francisco.