Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Risk Strategies makes another N.J. buy

Reprints
M&A

Boston-based brokerage Risk Strategies Co. on Tuesday said it has acquired broker KRA Insurance Agency Inc., including KRA’s wholly-owned subsidiary, KRA Life Agency Inc.

Terms of the deal were not announced.

KRA, based in Springfield, New Jersey, specializes in professional liability, construction, real estate, hospitality, not-for-profits and the high-net-worth industry segments, the statement said.

KRA has about 38 employees, according to its website.

John Scroope, national director of retail operations for Risk Strategies, said the broker is seeing “tremendous growth in New Jersey.” KRA is the second New Jersey-based acquisition for Risk Strategies in the fourth quarter this year, the statement said.

Risk Strategies is the 16th-largest brokerage of U.S. business, according to Business Insurance’s latest ranking.

 

 

 

 

 

 

 

Read Next