Tuesday 18 October 2022

US-based specialty insurance brokerage and risk management firm Risk Strategies has acquired US-based specialty insurance broker Relation Education Solutions from Relation Insurance Services, the firm said.

The deal adds key capabilities to Risk Strategies' National Education Practice.

Terms of the deal were not made public.

A division of California-based Relation Insurance Services, Relation Education Services offerings complement existing Risk Strategies Education Practice capabilities, including student health plans, international benefits, faculty and staff benefits, and cultural exchange health plans, while expanding the existing portfolio in areas such as student athletics, amateur sports, and recreational programs.

Providing insurance brokerage and program administration services for more than 950 colleges and universities across the country, Relation Education Solutions is the endorsed broker for several prominent national college sports associations.

Risk Strategies' expertise in higher education dates back to some of its earliest clients after the firm's founding in 1997 and has steadily grown.

In 2017, Risk Strategies acquired student health plan specialist University Health Plans, building on that in 2020 with the acquisition of Academic Health Plans.

In 2021, it acquired Specialty Insurance Solutions, with capabilities in student health, sports accident, and travel insurance.

Risk Strategies is a specialty national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property and casualty, employee benefits, and private client services risks.