US-based specialty insurance broker Risk Strategies has strengthened its Employee Benefits Practice in New England with the purchase of George W. Blaisdell Insurance.
Financial details related to the acquisition were not revealed.
Established in 1988 by George W. Blaisdell, the acquired agency is a specialised provider of employee benefits insurance and related services in the New England region.
It has expertise in crafting group benefit plans for employers of various sizes and also provides individual health, Medicare supplements and 401k services.
George W. Blaisdell, the agency’s founder, brings more than three decades of experience in employee benefits planning. His agency’s commitment to customised group plans caters to a diverse clientele across multiple industries in New England.
Risk Strategies National Employee Benefits practice leader John Greenbaum said: “We are excited to welcome George W. Blaisdell Insurance to the Risk Strategies family.
“Their expertise and strong reputation in the employee benefits space align perfectly with our strategic goals. We look forward to using our combined strengths to build new business and deliver exceptional value to our clients.”
This acquisition marks the second benefits-focused addition to Risk Strategies’ National Benefits Practice in the New England region in the current year.
Earlier, in June, Risk Strategies bought Baker Benefit Group, which has a presence in Maine and Connecticut.
Risk Strategies acquired two other benefits-focused businesses last year, including May, Bonee & Clark in April and Strategic Benefit Solutions in September.
Risk Strategies New England region leader Ed Flanagan said: “Adding Blaisdell to the group is further demonstration of our commitment to deepening this expertise at all levels of the organisation.”
In August last year, Risk Strategies acquired Oregon-based retail agency Bisnett Insurance, which specialises in commercial lines, personal lines and other employee benefits offerings.
“Risk Strategies bolsters New England foothold with new acquisition” was originally created and published by Life Insurance International, a GlobalData owned brand.
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