Add-on Acquisition • Insurance

Risk Strategies Acquires Worldwide Assurance

On December 13, 2022, Risk Strategies acquired insurance company Worldwide Assurance

Acquisition Context
  • This is Risk Strategies’ 73rd transaction in the Insurance sector.
  • This is Risk Strategies’ 82nd transaction in the United States.
  • This is Risk Strategies’ 12th transaction in Florida.

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M&A Deal Summary

Date December 13, 2022
Target Worldwide Assurance
Sector Insurance
Buyer(s) Risk Strategies
Deal Type Add-on Acquisition

Target Company

Worldwide Assurance

MIami, Florida, United States
Worldwide Assurance is a health and benefits-focused retail agency helping businesses and individuals create health benefit coverage plans that meet their specific needs. The firm’s offerings range from medical and dental coverage plans to long-term care insurance, group term, and variable life insurance. Worldwide Assurance was formed in 2012 and is based in MIami, Florida.
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Buyer Overview 1

Buyer

Risk Strategies

Boston, Massachusetts, United States

Category Company
Founded 1997
Sector Insurance
DESCRIPTION

Risk Strategies is a national brokerage firm focused on delivering risk management and insurance solutions toprivately-held and publicly-traded commercial clients and high net worth individuals. Risk Strategies focuses on client risk management challenges and delivers pragmatic, costeffective financial and business solutions. Risk Strategies was founded in 1997 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 82 of 120
Sector: Insurance 73 of 108
Type: Add-on Acquisition 81 of 116
State: Florida 12 of 16
Country: United States 82 of 120
Year: 2022 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Wallace Specialty Insurance

Richardson, Texas, United States

Wallace Specialty Insurance provides the dental industry with insurance services. The firm creates custom, comprehensive insurance plans for dental service organizations, dentists, and oral and maxillofacial surgeons. Wallace’s offerings, for these clients, include professional liability, property and general liability, workers’ compensation, management liability, individual and group benefits, among others. Wallace Specialty Insurance was founded in 2012 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 Tanenbaum Harber

Miramar, Florida, United States

Tanenbaum Harber provides a full range of insurance services. Tanenbaum Harber was founded in 1986 and is based in Miramar, Florida.

Buy -