Risk Strategies bolsters practice with new acquisition

Risk Strategies bolsters practice with new acquisition | Insurance Business

Risk Strategies bolsters practice with new acquisition

Risk Strategies has acquired National Insurance Consulting Group (NICG), expanding its presence in the southeast region.

Terms of the transaction were not disclosed.

NICG is an employee benefits and human capital consulting firm founded in 2014. The firm – with two locations in Atlanta, GA and Fort Lauderdale, FL – offers benefits consulting, outsourced benefits administration, human capital management software delivery, and outsourced HR. It was named one of the 2019 Inc. 5000 fastest-growing private companies in the US.

A release noted that NICG has made “significant inroads” into several specialty industries since its inception – specifically, industries that match those served by Risk Strategies. Those industries include family offices, private equity, professional services, technology firms, charter schools and higher education institutions.

“NICG’s proven approach turns health plans into a competitive advantage with better benefits and quality of care,” commented NICG founder and CEO Zain Hasan. “As part of Risk Strategies, our clients will have access to similarly effective risk and liability management capabilities for virtually any aspect of their operations.”

“The uncertainty in today’s benefits environment requires specialists who can expertly combine innovative funding approaches with technology to deliver great programs that control costs,” said Risk Strategies national employee benefits practice leader John Greenbaum. “NICG has proven abilities in both areas and will be a great fit in our practice.”