Risk Strategies Company (RSC), a Boston-based insurance brokerage and risk management firm, has completed the merger of Cohn-Reid-O’Neill Insurance Services (CRO) in California with its West Coast operations.
Focused on providing insurance brokerage and employee benefits services to the technology, agriculture and real estate sectors, CRO has built its private client personal lines insurance group, which serves high net worth individuals and families, into one of the largest in California.
RSC said that the merger supports its strategy to supplement organic growth and also diversify with targeted transactions. Terms of the transaction have not been disclosed.
In addition, CRO expands RSC’s presence in California, which already includes offices in Los Angeles, Sacramento and Irvine, and also provides RSC with a foundation for continued growth in the rest of the Western US region.
As part of the merger, CRO’s three founding principals, Joe Cohn, Andy Reid and John O’Neill, will continue to lead CRO’s business with all of CRO’s employees joining the newly combined RSC-CRO organization.
RSC CEO Christian said combining CRO’s expertise in property-casualty insurance, private client personal lines and employee benefits with the existing platform will deliver even better solutions for the respective clients and create more opportunities for future growth.