Risk Strategies Buys Florida Condominium Insurance Agency

Boston-based broker Risk Strategies announced it has acquired Statewide Condominium Insurance, a Vero Beach, Florida, retail broker focused on the condominium and apartment complex sectors.

Founded in 1996, Statewide specializes in serving condominium operators and home-owners associations throughout the state, offering property, wind, flood, general liability, professional liability, and umbrella coverages, according to Jerry Wahl, CEO of Statewide.

Terms of the deal were not announced.

The deal builds on other recent acquisitions Risk Strategies has made in the state. In 2022, Risk Strategies has acquired Miami-based Worldwide Assurance Inc.; The Insurance Center of Central Florida in Melbourne; and Gehring Group in Palm Beach Gardens.

Risk Strategies has more than 30 specialty practices serving commercial companies, nonprofits, public entities, and individuals, and more than 100 offices.