Risk Strategies acquisition expands its presence in Southeast US

Risk Strategies, a national insurance brokerage and risk management firm, has expanded its presence in the Southeast US with the acquisition of National Insurance Consulting Group (NICG), an employee benefits and human capital consulting firm.

NICG was founded in 2014 by Zain Hasan and offers benefits consulting, outsourced benefits administration, human capital management software delivery and outsourced HR, with offices in Atlanta, GA and Fort Lauderdale, FL. It specialises in creating alternatively funded employee benefits programs for middle market businesses in a variety of industries, and providing consulting to mid-market organisations.

Risk Strategies noted that NICG has made significant inroads into a number of specialty industries over its five years of operation, including family offices, private equity, professional services, technology firms, charter schools and higher education institutions. These match-up well with its own business, it added.

John Greenbaum, Risk Strategies’ national employee benefits practice leader, said: “The uncertainty in today’s benefits environment requires specialists who can expertly combine innovative funding approaches with technology to deliver great programs that control costs.”

“NICG’s proven approach turns health plans into a competitive advantage with better benefits and quality of care,” added Zain Hasan, NICG’s founder and CEO. “As part of Risk Strategies, our clients will have access to similarly effective risk and liability management capabilities for virtually any aspect of their operations.”