Posted on 07 Dec 2010
Risk Strategies Company (RSC), a national insurance brokerage and risk management firm based in Boston, announced that it has successfully completed the merger of Cohn-Reid-O’Neill Insurance Services, Inc. (CRO) in Burlingame, CA with its West Coast operations.
Focused on providing insurance brokerage and employee benefits services to the technology, agriculture and real estate sectors, CRO has built its private client personal lines insurance group, which serves high net worth individuals and families, into one of the largest in California.
The merger supports RSC’s strategy to supplement organic growth and also diversify with targeted transactions. In addition, CRO expands RSC’s presence in California, which already includes offices in Los Angeles, Sacramento and Irvine, and provides RSC with a solid foundation for continued growth in the rest of the Western U.S. region. Terms of the transaction have not been disclosed.
“CRO is one of the most respected insurance intermediaries in Northern California,” said Michael Christian, Chief Executive Officer of RSC. “Combining
CRO’s expertise in property-casualty insurance, private client personal lines and employee benefits with our existing platform will deliver even better solutions for our respective clients and create more opportunities for future growth.”
As part of the merger, CRO's three founding principals, Joe Cohn, Andy Reid and John O’Neill, will continue to lead CRO’s business with all of CRO's employees joining the newly combined RSC-CRO organization.
“Our two companies share a common philosophy and commitment to delivering highly valued insurance solutions to clients,” said John O'Neill, Chairman of CRO. “We look forward to joining forces with RSC and building on what both organizations have accomplished over the past 13 years.”
About Risk Strategies Company
Headquartered in Boston, Risk Strategies Company (www.risk-strategies.com) is a national insurance brokerage firm, with additional offices in New York, Chicago, Los Angeles, Sacramento, Irvine and Providence. The company provides insurance and risk financing solutions to middle market companies, large corporations and high net worth individuals and families.
About Cohn-Reid-O’Neill Insurance Services
Serving clients throughout California and the West, Cohn-Reid-O'Neill (www.croins.com) is a full service insurance brokerage firm located in Burlingame, CA. Founded in 1997, CRO is leading insurance broker for commercial and personal clients throughout Californi