Risk Strategies Acquires Strategic Benefit Solutions Inc.

The acquisition brings Risk Strategies deep expertise in the employee benefits market.

(Image credit: Sean Sweeney/Unsplash.)

John Greenbaum, National Employee Benefits Practice Leader, Risk Strategies.

Risk Strategies (Boston), a national specialty insurance brokerage and risk management firm, reports that it has acquired Strategic Benefit Solutions, Inc. (SBENS; Burlington, Mass.), a retail employee benefits insurance agency. Terms of the deal were not disclosed.

SBENS was founded in 2008 by Cheryl Ray, Carol Renzi and Pam Frechette. The three previously worked together for almost 20 years at premier national brokerage and consulting firms. The agency’s sole focus is helping clients with all facets of employee benefits and plan design while proactively helping to manage healthcare risk.

“The complexity of today’s employee benefits environment requires deep expertise to ensure clients can meet their objectives,” comments John Greenbaum, National Employee Benefits Practice Leader, Risk Strategies. “The team at Strategic Benefit Solutions brings exactly the kind of extensive knowledge that our clients expect. We’re excited to welcome them to the Risk Strategies family.”

Adding Capabilities that Benefit Clients

SBENS works with companies across a wide range of industries, from software and pharmaceuticals to medical supplies and higher education, aiming to tackle current healthcare challenges by developing cost management strategies that effectively balance costs and benefits.

“We’re excited to have found a way to connect our capabilities with a national-scale partner who truly understands the necessity of specialty knowledge,” comments Cheryl Ray, President, Strategic Benefit Solutions. “As part of Risk Strategies and its national Employee Benefits practice, we can build on our success while adding even more capabilities that benefit our clients.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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