Boston-based Risk Strategies continues its rapid expansion with yet another agency acquisition this month. On June 18, the company announced that it had acquired Craford Benefit Consultants, a full-service employee consulting and benefits brokerage firm.
For employers and end users, traditional health insurance is largely broken, and we’ve seen tremendous interest in alternative approaches to structuring and funding employee benefits plans,” said John Greenbaum, the national employee benefits practice leader for Risk Strategies. “We see Craford’s capabilities in these areas as a great fit for our practice, our clients and the times.”
Based in San Rafael, CA and with offices in both Portland, OR and Charlotte, NC, Craford is a full-service employee consulting and benefits brokerage firm specializing in helping large employers solve their most complex business problems involving benefits program.
We were attracted to Risk Strategies based on its culture, laser focus on clients and commitment to growing its brand,” explained Mike Craford, managing principal, Craford Benefit Consultants. “Their teaming structure and national reputation for technical expertise is a natural fit for our approach to collaborating with clients and carriers and managing risk. This combination will reap huge benefits for our customers and our employees and allow us to further expand our national penetration.”
Craford Benefit Consultants will be the national insurance brokerage and risk management firm’s fourth acquisition in the past couple of months. In May of this year, Risk Strategies acquired Boston-based Corporate Benefit Audits (CBA) along with CBG Benefits, followed shortly thereafter by its purchase of Cincinnati Intermediaries.
Insurance Agency Mergers & Acquisitions Stay Strong For 1st Quarter of 2018
More about Risk Strategies
Risk Strategies Company is a privately-held, national firm with offices across the country. As a leading U.S. insurance broker, the company offers sophisticated risk management advice as well as insurance and reinsurance placement for property & casualty, healthcare and employee benefits risks. Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets. Ranked among the top 20 brokers in the country, Risk Strategies has offices in more than 50 locations nationwide including Boston, New York City, Chicago, Miami, Atlanta, Dallas, Nashville, Los Angeles and San Francisco.
