Risk Strategies acquires P&C insurance agency Sebastian Insurance

Brokerage will look to leverage agency's local area knowledge

Risk Strategies acquires P&C insurance agency Sebastian Insurance

Mergers & Acquisitions

By Lyle Adriano

Risk Strategies – a US national specialty insurance brokerage and risk management firm – has acquired Sebastian Insurance Group in Florida.

The terms of the transaction were not disclosed.

Based in Sebastian, FL, Sebastian Insurance Group offers a suite of bespoke coverages including property and casualty insurance for homes, vehicles, boats, and businesses, as well as flood insurance. The agency is a member of numerous professional organizations, such as The Exchange Club of Sebastian, Sebastian Chamber of Commerce, Sebastian Rotary, BNI Business Builders of the Treasure Coast, and the Realtors Association of Indian River County.

Principal Bill Kriener and his business partner Gary Frazier acquired Sebastian Insurance from its original owner in 2008. Kriener has 25 years of financial services industry experience, a release said.

“We are very excited to welcome Bill and his team at Sebastian Insurance Group into the Risk Strategies family,” said Risk Strategies Atlantic region leader Scott Popilek. “Combining our specialty capabilities with Sebastian’s great reputation and local area knowledge, we believe, will enable a robust build out of business.”

“Risk Strategies’ consultative, specialist approach to risk management is a perfect match for the way we’ve built our business and reputation in the area,” stated Kriener. “It is exciting to know that our people will be welcomed into an organization that is such a great fit and will give them more ways to build their careers and service their clients.”

Late last month, Risk Strategies named Jason Ellison as employee benefits leader for its national healthcare practice. Based in Nashville, Tennessee, Ellison most recently served as area senior vice president of Arthur J Gallagher’s health and welfare consulting business, also working on the firm’s national healthcare practice leadership team and national innovation advisory group. Ellison had also worked as principal and senior consultant at Mercer and held various leadership positions at UnitedHealthcare.

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