Risk Strategies has acquired Winter Group – a specialty insurance program manager focused on serving the trucking industry.
Terms of the transaction were not disclosed.
Winter Group, founded 1995, is an insurance wholesaler based in San Diego, CA. The firm offers national insurance solutions for essentially all aspects of the trucking and transportation industry – in particular, Winter Group strongly specializes in cross-border transportation risks. At present, it serves over 17,000 customers, helping brokers deal with NAFTA transportation risk management and compliance.
In addition to its San Diego office, Winter Group also has a presence in Texas, Florida, Washington, South Carolina, Atlanta, North Carolina, and Ohio. The firm also serves as a program administrator for a number of national trucking associations.
“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 specialization,” said Risk Strategies senior managing director of wholesale Matthew Power. “More than ever, brokers serving this industry need more than access, they need a specialist like Winter Group on their side.”
“Risk Strategies is a highly collaborative and innovative firm,” added Winter Group managing director Phillip Winter. “Its focus on distinctly differentiated niche areas of our industry, and an acquisition strategy centered on specialty wholesale organizations, is a perfect foundation on which our team, customers and stakeholders can grow and thrive.”