Risk Strategies, a US-based insurance brokerage and risk management company, has acquired Philadelphia-based specialty brokerage Dash & Love for an undisclosed amount.
Dash & Love, which was established in 1930, is family-owned specialty retail insurance brokerage.
Services offered by it include insurance placement and risk management advice to organisations and individuals and families across Pennsylvania and the tri-state area.
The commercial lines business of Dash & Love provides specialised risk management services to community associations, including to luxury high-rises and suburban properties.
Risk Strategies CEO John Mina said: “Risk Strategies rapid growth and success has been possible largely because we have remained committed to selecting firms that best match our collaborative culture and expertise-driven approach.
“Dash & Love’s longevity and success has been grounded in a similar philosophy.”
Dash & Love president Ken Dash said: “For 90 years, Dash & Love has built its business and reputation by delivering tailored risk management programs, innovative insurance products and personal claims handling services that made a material difference for our clients.
“Becoming part of Risk Strategies will ensure that we perpetuate, grow our business, and even better assist our clients in a way that stays true to our principles.”
Risk Strategies has been boosting its presence in mid-Atlantic off late. In 2017, it acquired Philadelphia-based Cornerstone Professional Liability Consultants, a medical malpractice liability specialist.
In the same year, it also acquired Delmarva Surety, a Maryland-based specialist in the sale and servicing of surety bonds and commercial insurance.
Last year, Risk Strategies bought Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Maryland.
Risk Strategies acquired private lines specialist Creative Insurance Solutions and Oxford Risk Management Group, a captive insurance services provider, this year.