Press Releases

Risk Strategies Acquires Weaver Bros. Insurance Associates, Inc.

Adds one of largest independents in Washington, D.C, area boosts Mid-Atlantic presence

BOSTON, January 28, 2020 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced that it has acquired Weaver Brothers Insurance, Inc., a full-service  brokerage based in Bethesda, Maryland and one of the largest independent insurance brokerages in the Washington, D.C. area. Terms of the deal were not announced.

Founded in 1988 with roots dating back to 1888, Weaver Bros. is a well-established commercial brokerage with unique capabilities in servicing the insurance and risk management needs of public entities, particularly embassies and diplomatic risks. The firm’s professional staff averages 25 years of insurance industry experience, delivering an in-depth knowledge of risk issues and tailored solutions that have, in turn, fostered long-term client and carrier relationships.

“We believe businesses today need true specialists who understand their unique risks and can devise effective, innovative ways to manage them,” said John Mina, Risk Strategies’ CEO. “Weaver Bros. is a great addition to our portfolio in the Washington D.C. geography, bringing unique specialty capabilities and deep risk management expertise to complement our existing operations in the region. Their ability to build trust and long-term relationships is a terrific fit with our approach.”

In addition to its specialty work in embassy and diplomatic risk, Weaver Bros.’ business insurance division has established and grown practices in real estate and contractors, automobile dealers, and non-profits. Product lines for clients range from property and casualty and general liability to group benefits, workers’ compensation, and directors and officers liability, among others.

“Weaver Bros.’ longevity is due, in no small part, to evolving its practices to match business need, from specialty focus to technology adoption,” said Dick West, Weaver Bros.’ CEO. “We see becoming part of Risk Strategies as the best way to scale our specialist approach and deliver the new and deeper capabilities our clients and prospects are seeking.”

In pursuing its specialty capabilities strategy, Risk Strategies has steadily built its Mid-Atlantic footprint. In 2017, it acquired Cornerstone Professional Liability Consultants, a Philadelphia-based specialist in medical malpractice insurance for physicians and surgeons, and Baltimore-based Delmarva Surety, a specialist in the sale and servicing of surety bonds and commercial insurance. In 2018, Risk Strategies acquired Arkin-Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Maryland, and in 2019, added Personal Lines specialist Creative Insurance Solutions, with offices in Potomac, Maryland and Washington, D.C.

Both Weaver Bros. and Arkin-Youngintob have also been successful in building growing personal lines businesses based on the success and client loyalty established in their commercial lines practices. Risk Strategies, under the guidance of Practice Leader Bob Courtemanche – former Chairman, CEO and President of Ace Private Risk Services – has built one of the country’s most dynamic and respected national private client practices.

To learn more about Risk Strategies, please visit www.riskstrategies.com

About Risk Strategies

Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies has over 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles, and San Francisco. RiskStrategies.com.