Specialty insurance brokerage and risk management firm, Risk Strategies, has enhanced its captive capabilities with the acquisition of International Insurance Brokers (IIB), a full-service retail agency based in Oklahoma.
Terms of the deal were not announced.
“We’re building out our central region presence as a specialist that brings a client-first, business savvy approach to risk and liability management,” said Steve Giannone, Risk Strategies central regional leader.
“International Insurance Brokers is a great fit for us and this approach to expanding our capabilities without compromise.”
In addition to offering captive expertise, IIB offers commercial and personal lines insurance, as well as a portfolio of business and individual financial products and strategies including financial services, retirement plans, life insurance and annuities.
IIB has a strong concentration of clients across Oklahoma, Kentucky, and Texas.
“As we looked to scale our success, we saw cultural fit as key,” said Caroline Sniff, IIB managing partner.
“Risk Strategies client-first, approach, emphasis on collaboration and depth and scope of resources make them the right fit for our clients and our people.”