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RSC Insurance Brokerage Inc., which does business as Risk Strategies Co., said Monday it has acquired JW Surety Bonds Inc. and sister companies Bryant Surety Bonds Inc. and Lance Surety Bonds Associates Inc.
Terms of the deal were not announced.
JW Surety specializes in freight broker, auto dealer and mortgage broker bonds and also places bonds including license and permit bonds, contractor bonds, court bonds and fidelity bonds. Headquartered in Pipersville, Pennsylvania, the broker was founded in 2003 and operates in all 50 states with almost 40,000 clients, RSC said in a statement.
JW Surety’s website says it writes more than $4 billion in bonds and insurance each year.
Brian Whipple, national surety practice leader for Risk Strategies, called surety bonds “a true specialty skill.”
Risk Strategies is the 16th largest broker of U.S. business, according to the most recent Business Insurance ranking.