All Risks buys entertainment brokerage Alive Risk

Independent wholesale brokerage All Risks Ltd. on Friday said it has acquired Alive Risk, a division of Encino, California-based NAS Insurance Services L.L.C. that specializes in insurance for live music and sports events.

Terms of the transaction were not disclosed.

Alive Risk managing director Jerid Schmickle will lead the team, which includes senior director Tim Troester, director Don DeWitt, senior underwriter Moshe Netter, underwriter Houtan Homaizad and broker Patrick Gavin, All Risks said last week in a statement.

The Alive Risk team is based in Los Angeles and Minneapolis and will continue to operate under this name as a division of Hunt Valley, Maryland-based All Risks.