Risk Strategies, a national speciality insurance brokerage and risk management firm, has announced the acquisition of Danna-Gracey, a Florida-based specialist in medical malpractice insurance. The terms of the transaction were not disclosed.
Established in 2001, Danna-Gracey is the largest independent medical malpractice insurance agency in Florida, dedicated exclusively to insurance coverage for doctors and other healthcare providers. In addition to placing coverage for specific medical specialties and practices, the firm offers approaches to coverage such as risk purchasing groups, which allow specialists with similar risks to negotiate collectively for insurance coverage.
“Medical professional liability insurance and risk management are crucial for physicians and require deep expertise and strong relationships with the best carriers in the business,” said Bob Dubraski, chief growth officer and national healthcare practice leader at Risk Strategies. “Danna-Gracey has a great team and a well-deserved reputation in this complex specialty. We’re excited they have joined Risk Strategies and our national team of dedicated healthcare industry professionals.”
“Specialty focus built our statewide success,” said Matt Gracey, president of Danna-Gracey. “Joining a national-scale firm with that same focus on specialist expertise means our business and its people can grow and our clients will have easy access to a wider range of experts and services.”
Risk Strategies’ healthcare practice is one of the industry’s largest, offering all lines of insurance and reinsurance for all types of healthcare organizations. In 2017, Risk Strategies bolstered the practice’s capabilities with the acquisition of Philadelphia-based Cornerstone Professional Liability Consultants, an insurance brokerage and risk management firm that specializes in medical malpractice insurance for physicians and surgeons.