Insurance brokerage and risk management firm Risk Strategies has purchased employee benefits and human capital consulting firm National Insurance Consulting Group.
The takeover of National Insurance will expand Risk Strategies footprint in the southeast US, including Florida and Georgia.
Established in 2014, National Insurance provides benefits consulting, human capital management software delivery, outsourced benefits administration, as well as outsourced HR.
The acquired entity also creates alternatively funded employee benefits programmes for middle market businesses.
Risk Strategies national employee benefits practice leader John Greenbaum 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 has proven abilities in both areas and will be a great fit in our practice.”
National Insurance Consulting Group founder and CEO Zain Hasan said: “NICG’s proven approach turns health plans into a competitive advantage with better benefits and quality of care.
“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.”
Risk Strategies purchased Corporate Benefit Audits (CBA) last year. Besides offering claim outsourcing, CBA provides audit services to the medical stop loss, managed care and self-funded industries.