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 Hugh Wood acquisition


Specialty broker Risk Strategies Co. Tuesday said it has acquired Hugh Wood Inc. and Hugh Wood Canada Ltd., the U.S. and Canadian operating entities of insurance holding company H.W. International B.V.

Terms of the deal were not disclosed.

Based in New York, Hugh Wood Inc. provides commercial lines, personal lines and benefits across the United States with a focus on real estate, marine, ports, metals, fine art, international and Japanese global clients, Risk Strategies said in a statement.

Hugh Wood Canada Ltd. is based in Toronto and is a niche specialty broker focused on complex commercial lines placements, the statement said.

John Mina, global CEO, Accession Risk Management Group, parent brand of Risk Strategies and One80 Intermediaries, noted the deal allows Risk Strategies to expand into Canada.

David Nelson, chairman of HWI BV Group, called the deal “a first step towards a wider relationship with Risk Strategies.”

Private-equity-backed Risk Strategies, the operating name of RSC Insurance Brokerage Inc., is the 15th-largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.