Risk Strategies expands actuarial capabilities with acquisition

Specialty insurance brokerage and risk management firm  Risk Strategies has expanded its portfolio of actuarial services and capabilities with its latest acquisition.

The company has acquired Aquarius Capital Solutions Group, an actuarial firm with expertise in health care benefits, employee and retirement benefits.

New York-based Aquarius provides actuarial consulting solutions in finance, insurance, and risk management for a wide range of client types including insurance companies, financial institutions, reinsurers, managed care companies, health care providers, and government entities.

“Important financial decisions affecting lives and the bottom line require specialty expertise that can cut through complexity to deliver clarity and innovative solutions,” said John Greenbaum, national employee benefits practice leader. “Aquarius brings deep domain expertise and experience working with a wide variety of clients, which will be invaluable to our firm and our overall business development plans.”

Michael Frank, founder, and president of Aquarius Capital, added: “We saw our experience and expertise as a great fit with Risk Strategies, their specialty approach to risk management and overall approach to building business success.”

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