Risk Strategies, the specialty insurance brokerage and risk management firm, will consolidate its independent captives group under the Risk Management Advisors (RMA) brand.
The move will include merging Atlas Insurance Management, which was acquired by Risk Strategies in 2020, into the RMA brand and operations.
The newly consolidated operations will be led by managing director, Max Jong, who joined as part of the RMA acquisition by Risk Strategies in 2019. Atlas was acquired by Risk Strategies in 2020.
“At a time when alternatives to traditional insurance approaches in risk management are becoming more important than ever, I’m excited that we are taking this step in building out one of the country’s most knowledgeable and effective captives operations,” said Jong.
“Bringing together our operations will make it easier to build on and add to our capabilities in ways that meaningfully benefit clients.”
RMA specialises in the design, implementation and management of all types of captive insurance companies.
“Bringing these groups together under one brand and structure will have real benefits for both our clients and our overall business,” said John Mina, CEO of Risk Strategies.
“As one group, our professionals can more easily collaborate to solve problems and identify new opportunities as the demand for alternative risk approaches grows.”