Risk Strategies has announced it has acquired property and casualty actuarial consulting firm, Centric Actuarial Solutions for an undisclosed amount.
The acquisition marks the second actuarial services firm buy, following the 2019 purchase of employee benefits analysis specialist United Health Actuarial Services.
Founded in 2005 by Dustin Gary, Centric offers personal and commercial insurance, reinsurance within the brokerage industry.
John Scroope, national director of retail operations, Risk Strategies’, said: “As our clients’ operations and risks become more complicated, having seamless access to Centric’s specialised actuarial capabilities will present them with meaningful insights that create new possibilities, deepening our value and partnership.”
Gary added: “Effectively understanding risks and their potential costs in today’s hyper-connected world requires specialised expertise.
“That focus on specialisation has made Centric successful, and it’s what makes our organisation a great fit for Risk Strategies and its specialist approach to risk.”