York Risk Services Group, a Parsippany, New Jersey-based provider of risk management, claims management and managed care services, has announced its acquisition of Sacramento, California-based Bickmore.
Terms of the acquisition were not disclosed.
Founded by Edward C. Bickmore, Jr. in 1984 to address the public entity insurance crisis that crippled California's economy in the late 1970s and early 1980s, Bickmore has grown to become one of the nation's largest independent risk management, pool management and actuarial consulting firms with clients in 36 states. Though Bickmore focuses on public entities, including municipalities, counties and special districts, as well as municipal risk pools in California, Oregon, Nevada, Montana, New York and Alaska, the consulting firm also works with numerous private-sector clients in the health care, construction, education and real estate industries.
Bickmore will be merged into York Pooling, a subsidiary of York Risk Services that provides risk and claims management services to public entity pools across the United States.
“Both companies share a client-oriented culture and commitment to deliver exceptional service with specialized expertise,” said Rick Taketa, York president and CEO, in a statement. “York has a rich history and commitment to public entities and pools. The combination further demonstrates that commitment and enhances our ability to provide an unparalleled suite of risk management and insurance solutions to our customers, whether they be public entities, pools or private companies.”