Risk Strategies buys workers comp specialist

Boston-based brokerage Risk Strategies Co. has acquired TriPoint Insurance Inc., a brokerage specializing in large deductible programs, captive insurance and other alternative risk transfer programs for workers compensation exposures.

Terms of the deal were not disclosed.

Avon, Connecticut-based TriPoint places coverage for middle-market companies in the construction, manufacturing, wholesale and nursing sectors, Risk Strategies said in a statement Wednesday.

Tripoint will be integrated into Risk Strategies’ national casualty practice, the statement said.

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