Broker Risk Strategies buys trucking and transportation specialist Winter Group

US insurance brokerage and risk management firm Risk Strategies has acquired California-based Winter Group, a specialty insurance programme manager with a focus on the trucking industry.

Winter is a wholesaler that provides national insurance solutions for all facets of the trucking and transportation industry, with a specialisation in cross-border transportation risks. It helps brokers deal with NAFTA transportation risk management and compliance.

Matthew Power, senior managing director - wholesale, Risk Strategies, said: “Strong, continued economic growth is driving rapid expansion in the US transportation sector at a time when technological and road safety advances are creating new opportunities for differentiation and specialisation. More than ever, brokers serving this industry need more than access, they need a specialist like Winter Group on their side.”

Phillip Winter, managing director of Winter Group, said: “Risk Strategies is a highly collaborative and innovative firm. Its focus on distinctly differentiated niche areas of our industry, and an acquisition strategy centered on specialty wholesale organisations, is a perfect foundation on which our team, customers and stakeholders can grow and thrive.”

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