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Risk Strategies acquires Atlass Insurance brokerage

IBR Staff Writer Published 02 June 2016

Risk Strategies Company, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced its second acquisition in as many weeks with the addition of Atlass Insurance Group, significantly adding to the resources of its Private Client practice.

The leading yacht and boat insurance specialist in the United States, Atlass brings a high level of specialized expertise to Risk Strategies' high-net-worth individual client base.

Founded in 1981, Atlass Insurance is an insurance brokerage and risk management firm focused on owners and operators of boats, yachts, and commercial vessels worldwide.

The acquisition of Atlass, headquartered in Fort Lauderdale with a second location in Cocoa, marks the first entry into Florida for Risk Strategies Company as it continues to build out its national presence and capabilities in its specialty practice areas. Atlass also has a location in Newport, RI.

Licensed nationwide and experienced in multi-state and multi-country portfolios, Risk Strategies' Private Client practice works with high-net-worth individuals to simplify the complexity of protecting their family, business, homes, travel, art, jewelry, aircrafts, philanthropic and leisure pursuits.

"For the families and individuals our Private Client Group serves, owning a yacht or similar watercraft is not unusual," said Bob Courtemanche, senior managing director-national private client practice leader, Risk Strategies.

"Atlass brings unparalleled knowledge and specialty carrier access that will ensure our clients smoothly navigate the complexities of managing their marine risk and liability challenges."

Operating through its retail and wholesale/managing general underwriter divisions, Atlass has direct access to the leading U.S. and London recreational marine boat insurance and yacht insurance underwriters.

"We've built a very successful business by understanding that focused specialization makes hard problems simple," said Frank Atlass. "Risk Strategies has taken a similar approach in building its brokerage, so joining forces makes sense for us and our clients."

In addition to insurance on yachts and other pleasure crafts, Atlass places commercial coverage for marine and non-marine property and casualty, and personal insurance.

Following the acquisition, Atlass and its team will continue to operate from its established offices in Florida and Rhode Island while collaborating with the growing Risk Strategies Private Client practice group across the country.



Source: Company Press Release