The addition adds to leading national student health practice
Boston-based Risk Strategies is adding to its national student health practice with its latest acquisition announcement. The company has announced that it has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice.
“Risk Strategies offers focused expertise and deep resources in the education market for colleges and universities, especially as they and their students face these challenging times,” said Terry Lyons, Managing Director of Risk Strategies’ Student Health Division. “Paul and his team have expertise that will help us grow and continue to expand our offerings for our national student health practice.”
Founded in 2007 by its president, Paul Mayo, SIS offers specialty products and services primarily focused on comprehensive student health insurance programs, sport accident insurance, and student travel insurance. Jeff Struckle, co-owner of SIS, joined the firm in 2010 to build out the firm’s intercollegiate sports program.
“Our success is clear proof that specialty focus is an advantage in the market and for clients,” said Mayo. “Given their specialty approach to risk management, joining the Risk Strategies family is a natural fit.”
“Risk Strategies’ commitment to, and investment in, the student health space gave us real confidence that our business and our clients would benefit from this decision,” said Jeff Struckle. “The collaborative culture of Risk Strategies also offers our people exciting career possibilities as our firms come together.”
As a broker, consultant and managing general underwriter (MGU), SIS has the ability to connect its clients with the right carrier-based program or build a custom program to meet specific needs. It also offers a variety of specialty support services, such as setting up for billing and coding as a provider, contracting with network carriers as a preferred provider organization, and establishing a student help desk. As a result, the strategic acquisition will help Risk Strategies’ long-term focus on the education industry. Currently the brokerage’s student health practice is a top national leader with both Academic HealthPlans (AHP) and University Health Plans (UHP) a part of its network.
More about Risk Strategies in its own words
Risk Strategies is a specialty national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property & casualty, employee benefits, and private client risks. With 25 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities and individuals, and has access to all major insurance markets. Ranked among the top brokers in the country, 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.