Latest news with #RiskStrategies
Yahoo
4 days ago
- Business
- Yahoo
Risk Strategies purchases Schroeder Insurance
Risk Strategies, a specialty insurance brokerage, has acquired Schroeder Insurance, a company operating out of Missouri, US, with a focus on commercial lines and private client sectors. The financial terms of the deal have not been disclosed. Schroeder is led by Paul and Ted Schroeder, each with more than 30 years of experience in the industry. The company's business is evenly distributed between commercial and private clients, with specialised expertise across various industries such as hospitality, public sector and emergency response organisations. The Missouri-based company was established in 1953 by A.C. Schroeder and Charles Schroeder and has offices in Union and Washington, west of St. Louis. Schroeder Insurance CIC, president Paul Schroeder said: 'We saw joining Risk Strategies as the best way to extend our expertise-based business model. Becoming part of Risk Strategies brings national scale and a breadth of resources that will benefit both our clients and our people now and into the future.' In the US Midwest, Risk Strategies has been pursuing growth with recent investments including Gabrielson Insurance & Financial Services and Comprehensive Benefits. In the Detroit area, the company invested in Ralph C. Wilson Agency in Michigan, IZALE Financial Group in Illinois, First Insurance Group in Ohio and the insurance operations of Johnson Financial Group in Wisconsin. Risk Strategies Central Region leader Steve Giannone stated: 'Schroeder Insurance joining the Risk Strategies family is a real win. 'Paul and Ted have built a strong presence and solid reputation within their market. They understand that specialty knowledge is the key to solving tough risk and liability problems.' In Missouri, Risk Strategies also acquired Thomas McGee Group, Stephens & Associates and Beattie & Associates, all serving St. Louis and Kansas City markets. In April, Risk Strategies added GMC Advisors, a Houston-based operator specialising in commercial lines insurance products. "Risk Strategies purchases Schroeder Insurance " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
07-05-2025
- Health
- Associated Press
Risk Strategies Annual Education Practice Student Health Plan Survey Finds Costs Rising Nationwide
BOSTON, May 07, 2025 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management and consulting firm, today released the findings of its Annual Student Health Plan Benchmarking Survey . For the fourth consecutive year, managing student health plan costs remains the top priority for nearly 90% of educational institutions surveyed. Conducted midyear 2024, the survey of approximately 170 colleges and universities showed an overall average plan cost rise of 7.1% with schools in the survey's Eastern region seeing increases of 10% or more. Other regions surveyed experienced more moderate hikes of 5% or less. The survey also noted a decline in enrollment in student health plans, from 29% in 2023 to 24% in 2024. 'While student health plans are generally more stable in cost than employer-based plans, they are not immune to larger pricing trends,' said Terry Lyons, National Education Practice Leader, Risk Strategies. 'Our survey shows the higher education industry is working hard to manage the issue and meet student needs.' To address rising costs, 32% of schools indicated that they had adjusted medical benefits offerings, and 18% said they had modified the prescription drug coverage offered in the plan. The most common changes included: Higher copays and deductibles, with the average deductible increasing from $300 to $360 Shifts from copays to coinsurance for specialty drugs, rising from 12% to 27% Increase in insurance verification for waiver/opt-out enrollment 'With plan costs increasing and enrollments in those plans declining, we see institutions working to find new ways to engage their students about the value of plan coverage,' said Elizabeth Marks, Senior Strategy Consultant, Student Health, Risk Strategies National Education Practice. 'Clarifying plan benefits and emphasizing affordability will likely be key elements of this effort.' In other findings from this edition of the survey, mental health remained an important focus, though it ranked fourth nationally as a priority (76%) – lower than in previous years. It does remain, however, a leading priority for small schools (88%) and institutions in the East (91%). The survey also indicated that more schools (89% in 2024, up from 74% in 2023) are offering wellness programs, though smaller institutions face resource constraints. To access the full results of the survey, please click here . To learn more about Risk Strategies, please visit . About Risk Strategies Risk Strategies , part of Accession Risk Management Group , is a North American specialty brokerage firm offering comprehensive risk management services, property and casualty insurance and reinsurance placement, employee benefits, private client services, consulting services, and financial & wealth solutions. The 9th largest U.S. privately held broker, we advise businesses and personal clients, have access to all major insurance markets, and 30+ specialty industry and product line practices and experts in 200+ offices - Atlanta, Boston, Charlotte, Chicago, Dallas, Grand Cayman, Kansas City, Los Angeles, Miami, Montreal, Nashville, New York City, Philadelphia, San Francisco, Toronto, and Washington, DC. . Media Contact Alana Bannan Senior Account Executive [email protected] (720) 400-8025
Yahoo
07-05-2025
- Health
- Yahoo
Risk Strategies Annual Education Practice Student Health Plan Survey Finds Costs Rising Nationwide
Risk Strategies Increases driven by sharp regional spikes; enrollment declines push focus on value BOSTON, May 07, 2025 (GLOBE NEWSWIRE) -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today released the findings of its Annual Student Health Plan Benchmarking Survey. For the fourth consecutive year, managing student health plan costs remains the top priority for nearly 90% of educational institutions surveyed. Conducted midyear 2024, the survey of approximately 170 colleges and universities showed an overall average plan cost rise of 7.1% with schools in the survey's Eastern region seeing increases of 10% or more. Other regions surveyed experienced more moderate hikes of 5% or less. The survey also noted a decline in enrollment in student health plans, from 29% in 2023 to 24% in 2024. 'While student health plans are generally more stable in cost than employer-based plans, they are not immune to larger pricing trends,' said Terry Lyons, National Education Practice Leader, Risk Strategies. 'Our survey shows the higher education industry is working hard to manage the issue and meet student needs.' To address rising costs, 32% of schools indicated that they had adjusted medical benefits offerings, and 18% said they had modified the prescription drug coverage offered in the plan. The most common changes included: Higher copays and deductibles, with the average deductible increasing from $300 to $360 Shifts from copays to coinsurance for specialty drugs, rising from 12% to 27% Increase in insurance verification for waiver/opt-out enrollment 'With plan costs increasing and enrollments in those plans declining, we see institutions working to find new ways to engage their students about the value of plan coverage,' said Elizabeth Marks, Senior Strategy Consultant, Student Health, Risk Strategies National Education Practice. 'Clarifying plan benefits and emphasizing affordability will likely be key elements of this effort.' In other findings from this edition of the survey, mental health remained an important focus, though it ranked fourth nationally as a priority (76%) – lower than in previous years. It does remain, however, a leading priority for small schools (88%) and institutions in the East (91%). The survey also indicated that more schools (89% in 2024, up from 74% in 2023) are offering wellness programs, though smaller institutions face resource constraints. To access the full results of the survey, please click here. To learn more about Risk Strategies, please visit
Yahoo
28-04-2025
- Business
- Yahoo
Risk Strategies buys commercial lines insurer GMC Advisors
Risk Strategies, a North American specialty insurance brokerage, has acquired GMC Advisors, a Houston, US-based company specialising in commercial lines insurance products. The financial terms of the deal have not been disclosed. Set up in 2003 and led by Greg Chubon, GMC Advisors serves the construction, manufacturing and energy sectors. The company also has a client base in engineering, oil and gas, and petrochemical-related companies in the Houston region. Chubon, with 37 years of experience in the insurance industry, had a background in new business development for regional and national brokerages before establishing GMC Advisors. Chubon stated: 'Joining Risk Strategies is a fantastic opportunity to scale our specialty focus while retaining our high-touch client service philosophy. I am excited to be able to offer new and expanded capabilities to our clients, as well as new career path opportunities for our people.' Risk Strategies West region leader Pat Roth said: 'It is great to add such deep industry expertise to our West Region as we continue to build out our national capabilities in key industries. 'Our firm has built its success on the strength of its people and their specialty knowledge. Greg and his team bring additional expertise to Risk Strategies, and we are excited to have them help drive our growth and meet evolving client needs.' Over the past decade, Risk Strategies has made several acquisitions in the West Region. In 2016, the company acquired McLaughlin Brunson Insurance Agency, a Dallas-based company with a focus on architects and engineers' professional liability insurance. This was followed by the 2020 acquisition of Transport Risk Management, a Colorado-based aviation insurance specialist. Furthermore, Risk Strategies brought the Fournier Group from Portland, Oregon, in 2021, adding knowledge in the restaurant and hospitality industries, along with aviation insurance. In 2022, it acquired Burke Insurance Group, based in New Mexico, adding depth in construction surety bonds. "Risk Strategies buys commercial lines insurer GMC Advisors " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Sky News
14-03-2025
- Business
- Sky News
Howden US takeover to pave way for $30bn stock market float
Howden, the British insurance broker, is closing in on a $10bn (£7.7bn) takeover of a US-based rival that will pave the way for an eventual stock market flotation that could value it at in excess of $30bn. (£23.2bn) Sky News has learnt that Howden is targeting a binding agreement to acquire Risk Strategies, which is backed by investment firm Kelso, by the end of this month. The estimated $10bn purchase price would be financed in part by a share sale that could be worth in the region of $4bn (£3.1bn), according to banking sources. Mubadala, the Abu Dhabi-based sovereign investment fund, and Hg Capital, an existing Howden shareholder, would inject roughly $2bn (£1.5bn) each of equity into the London-based business, the bankers added. If completed, the deal would be a landmark one for Howden and its eponymous founder, David Howden, who has made no secret of his interest in a major deal to facilitate its entry into the US retail insurance market. The new equity would be invested in Howden at a valuation of approximately $20bn, bankers said, implying an aggregate valuation for the combined group of about $30bn. A major US acquisition would clear a path to a US stock market listing in between one and three years' time, with 2027 the most likely date, according to insurance industry executives. Barclays and Morgan Stanley are understood to be advising Howden on the talks, while Evercore is said to be acting for Kelso and Risk Strategies. One source said the timetable for announcing the Risk Strategies deal was not yet finalised and could slip into next month.
