Thursday 21 July 2022

US-based national specialty insurance brokerage and risk management firm Risk Strategies has acquired surety bonds specialist Bonds, Inc., which is focused on the construction industry, the firm said.

Terms of the deal were not announced.

Located in Hunt Valley, Maryland, Bonds, Inc. was founded in 1996 by its current president Michael Shaver.

The firm helps clients in the construction industry secure performance and payment bonds for projects.

The acquisition of Bonds, Inc. strengthens Risk Strategies Surety Practice bonding operations.

Bonds, Inc. helps maximize clients' surety credit in providing bonds for government and municipal projects in the Baltimore and DC-metro area.

A national scale broker with clients across the country in addition to its primary base in the Mid-Atlantic region, Bonds, Inc. also has expertise in writing international bonds for the State Department and the Overseas Budget Office.

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.