Risk Strategies, a prominent specialty insurance brokerage and risk management firm, has announced its acquisition of Hugh Wood Inc. (U.S.) and Hugh Wood Canada Limited, the North American divisions of the global insurance holding company H.W. International B.V. (HWI B.V.). This strategic move broadens Risk Strategies’ retail brokerage footprint into Canada and enhances its offerings in complex commercial lines and personal asset protection.
The acquisition integrates Hugh Wood Inc.’s expertise in commercial marine insurance and fine art insurance into Risk Strategies’ operations, augmenting its capabilities in these areas. Hugh Wood Canada Limited specializes in complex commercial and private lines coverages, further diversifying Risk Strategies’ portfolio. This transaction, initiated after a strategic review that began in 2021, supports HWI B.V.’s goal to refine its focus and expand its partnerships in North America.
This expansion is part of Risk Strategies’ broader strategy to enhance its service offerings through acquisitions that align with its goal of providing specialized and comprehensive risk management solutions. The integration of Hugh Wood’s operations is expected to deliver significant benefits to clients by providing access to specialized expertise and a broader array of insurance options across North America.
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