Risk Strategies buys Texas-based commercial lines agency GMC Advisors
By David Bull
April 28 - (The Insurer) - Risk Strategies has bought Texas-based GMC Advisors, with the acquired business set to add to the retail intermediary's construction, manufacturing and energy industry expertise.
GMC Advisors is headquartered in Houston and led by founder and owner Greg Chubon. It offers commercial lines insurance products with a focus on the construction and manufacturing industries, as well as companies in the energy sector.
Commenting on the acquisition, Risk Strategies’ West region leader Pat Roth said: “It is great to add such deep industry expertise to our West region as we continue to build out our national capabilities in key industries.
“Our firm has built its success on the strength of its people and their specialty knowledge. Greg and his team bring additional expertise to Risk Strategies, and we’re excited to have them help drive our growth and meet evolving client needs.”
Chubon said joining Risk Strategies, which is part of Kelso-backed Accession Risk Management Group, will allow his company to scale its specialty focus while retaining its “high-touch client service philosophy”.
Risk Strategies has made a focus on specialty segments a core part of its operating model. It has 30-plus specialty industry and product line practices and experts across more than 200 offices in the U.S.
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