Risk Strategies Company, a national insurance brokerage and risk management firm headquartered in Boston, has acquired DataRisk, a Portsmouth, NH-based risk management consulting firm offering customized risk management and specialized insurance brokerage solutions, including executive level personal lines.
Terms of the deal were not disclosed.
As part of the transaction, Mike Daigle, DataRisk’s president, CEO and founder, joins Risk Strategies as a managing director. He and his team will help to further expand Risk Strategies’ business from the Portsmouth location, while gaining access to Risk Strategies’ national network of resources.
“DataRisk has roots that are remarkably similar to Risk Strategies’, and Mike Daigle is a seasoned professional with more than 30 years of experience in the Risk Management, Treasury and Employee Benefit fields. We’re thrilled to have him and his talented colleagues join the Risk Strategies team,” said Michael Christian, chief executive officer, Risk Strategies Company.
“This is an exciting announcement because of the high degree of synergy between DataRisk and Risk Strategies; particularly how both firms have evolved and grown while still maintaining an entrepreneurial spirit with an unrelenting focus on meeting client’s needs,” said Daigle. “We look forward to offering our clients a broader portfolio of services and resources as part of Risk Strategies.”
The addition of DataRisk enhances and adds scale to Risk Strategies’ current risk financing/risk control offerings for middle market, national, and global companies. DataRisk’s tem provides out-sourced risk management and other services such as risk assessment analysis, insurance program audits, merger & acquisition due diligence, insurance brokerage service benchmarking, claim advocacy services, captive feasibility studies, accrual analysis, collateral negotiations and enterprise risk management solutions.
With client niches similar to Risk Strategies Company, DataRisk has expertise in several client specialty areas including real estate, healthcare/human services, private equity, life sciences, medical products, financial services, and executive level personal lines.
Boston, DataRisk, risk management, Portsmouth, Risk Strategies Company