Charles Taylor buys Texas risk management services firm

Charles Taylor Risk Consulting, a unit of London-based Charles Taylor P.L.C., on Thursday said it has acquired Richardson, Texas-based Cardinal Risk Management Alternatives Inc.

A spokeswoman for Dallas-based Charles Taylor Risk Consulting said the terms of the deal are private.

The combined risk management services business will operate under the Charles Taylor Risk Consulting name, the spokeswoman said.

All Cardinal employees are now Charles Taylor employees, and Cardinal President Robert Duty is now a senior risk consultant in the new business, she said.

“Both Cardinal and Charles Taylor have long track records of providing dedicated service to our clients,” Chris Moss, director of Charles Taylor Risk Consulting, said in the statement. “We focus on all aspects of risk an enterprise faces, insurable and uninsurable, and we consider all potential mitigations, not just insurance. Cardinal is a natural fit with us.”