14 February 2023Analysis

Risk Strategies purchases Bullen Insurance Group

Risk Strategies has acquired Bullen Insurance Group, a national specialist in helping high-net-worth families, individuals and their businesses protect their assets with insurance and risk management services.

The terms of the deal were not disclosed.

A specialty insurance brokerage and risk management firm with a primary focus on serving the insurance needs of successful families, individuals, family offices and their businesses, Bullen operates five offices in New York and Florida helping clients in all 50 states and around the world protect their valuable property and assets. The firm is known for a personalised, high-touch service approach, which has engendered deep trust and loyalty amongst generations of clients, and an established commercial business with a focus on several industries, including financial institutions, non-profits and historic properties.

Founded by George V. Bullen in 1897 on the Gold Coast of Long Island, the firm’s current president & chief executive, Matthew C. Fox, is the son-in-law of the late George H. Bullen, who ran the firm for 40 years.

Bullen is widely known for their expertise in customising insurance programs to address the complex and unique risks to the assets of its high-net-worth clients and their businesses. These assets often include high-value property, automobile and art collections exposed to natural disasters, as well as yachts and aircraft, among many others.

“Effectively addressing the many complex risks faced by highly successful individuals and families requires deep expertise and dedicated specialisation,” said Alison Murphy, national private client services practice leader. “Bullen Insurance Group has a well-earned, long-established reputation for excellence in serving high net worth clients and this provides us with a unique opportunity to expand our high net worth practice in a key market. I'm thrilled to welcome Matt and his team to Risk Strategies."