US-based insurance brokerage Risk Strategies has acquired two of Gowrie Holdings subsidiaries, Maritime Program Group and Gowrie Group for an undisclosed amount.
Gowrie was established in 1974 by Carter Gowrie. It currently employs around 80 personnel in five offices in the Northeast.
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Risk Strategies’ CEO John Mina said: “We’re excited to bring Carter and his people on board as we further differentiate Risk Strategies from generalist firms.
“Their scale in specialisation, both in its retail and wholesale businesses, will add significantly to our current businesses and provide a great base for growth.”
The retail insurance brokerage of Gowrie Group provides tailored protections such as exclusive product and programme offerings for marine risks and sailing organisations.
Maritime Program Group provides recreational, inland, and commercial ocean marine solutions with private client personal lines.
GHI chairman and CEO Carter Gowrie said: “Finding a way to perpetuate and grow our specialized business has always been our focus.
“Risk Strategies, with its specialty-focus, national presence and diverse offerings, is a perfect match for both our retail and wholesale companies. We look forward to realizing our many synergies.”
Recent acquisitions by Risk Strategies
Last month, Risk Strategies purchased Missouri-based Thomas McGee Group (TMG) for an undisclosed amount. In the same month, Risk Strategies also bought Zito Insurance Agency based in Ohio.
Risk Strategies snapped up Dash & Love in October and National Insurance Consulting Group in August. Last year, it acquired two Texas firms Select Insurance Markets (SIM) and Preferred Personal Insurance Agency (PPIA).
