US-based speciality insurance broker Risk Strategies has bought Danna-Gracey, which specialises in medical malpractice insurance, for an undisclosed sum.
Based in Florida, Danna-Gracey is an independent medical malpractice insurance agency dedicated solely to insurance coverage placement for doctors and other health care providers.
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Founded in 2001, the acquired firm also offers coverage to risk purchasing groups, which enables carriers with similar risk to collectively negotiate for insurance coverage.
It will be able to leverage Risk Strategies’ platform to offer medical professional liability coverage for hospitals, doctors in private practices, nurses and health care workers across the US.
Risk Strategies chief growth officer and national health care practice leader Bob Dubraski said: “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. Danna-Gracey has a great team and a well-deserved reputation in this complex speciality.”
Danna-Gracey president Matt Gracey said: “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.”
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By GlobalDataRisk Strategies’ health care practice covers all lines of insurance and reinsurance for all types of health care organisations.
Earlier this month, it acquired casualty actuarial consulting firm Centric Actuarial Solutions.
In May this year, UK-based insurance broker Howden Broking acquired Medical Professional Risk Solutions.
