1 October 2019Analysis

Risk Strategies acquisition builds up national private client practice

Risk Strategies, the national insurance brokerage and risk management firm, has acquired Bedrick-Kaitz Agency (BKA), a firm focused on helping US high-net-worth individuals and businesses protect their assets.

BKA offers customised policy programs covering the entire suite of personal insurance products, including a specialty focus in exotic cars. It also helps clients protect their businesses with commercial insurance products ranging from general and professional liability to workers’ compensation.

Michael Rosenberg, BKA’s CEO, said Risk Strategies’ specialist approach ensured its clients “would continue to receive the premium service they’ve come to expect but with deeper and broader resources.”

The terms of the deal were not disclosed.

Risk Strategies has fashioned a national private client practice that is focused on providing expert service, broad capabilities and deep resources to successful individuals and businesses. In 2016 it acquired Atlass Insurance Group, which provides yacht and watercraft risk and insurance.

Bob Courtemanche, Risk Strategies’ national private client practice leader and a founding board member of the Private Risk Management Association, said: “We’re always on the lookout for potential partners who can bring the right mix of experience and expertise to our practice.”

Rosenberg acquired BKA from one of its original founders, Donald Kaitz, shortly after joining the company in the 1980s from a boutique brokerage in New York, where he was a personal lines specialist.