Risk Strategies Acquires Connecticut’s Gerard B. Tracy Associates

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has added to its employee benefits practice with the acquisition of Gerard B. Tracy Associates Inc.

Based in Fairfield, Conn., Gerard B. Tracy Associates Inc. was founded in 1948 and has a decades-long history of creating employee benefits programs for a variety of public and private entities with a specialty focus on institutions of higher education.

In addition to developing benefit programs for higher education and other types of educational institutions, Gerard B. Tracy Associate’s clients include a number of general and nonprofit organizations, largely located throughout the Northeast.

In recent years, Risk Strategies has built up its employee benefits practice groups. Acquisitions made by the firm have brought on board experts from independent specialty agencies and brokerages focused exclusively on employee health and welfare program challenges, as well as firms specializing in alternative financing, including self-funding, and the formation and management of captives.

The company has further expanded its benefits reach with the acquisition of service businesses, including an actuarial firm and a healthcare claims auditing organization.

Source: Risk Strategies