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Risk Strategies buys Relation’s education insurance business



Risk Strategies Co. has bought rival brokerage Relation Insurance Inc.’s education insurance division.

Terms of the deal were not disclosed.

Walnut Creek, Calif.-based Relation, which has been one of the top acquiring brokerages in recent years, said it plans to focus on its national property/casualty insurance and employee benefits businesses.

“We believe the Relation Education Solutions business is best positioned for growth with Risk Strategies’ national education practice,” Timothy Hall, vice president of Relation, said in a statement.

The division provides property/casualty and employee benefits products to more than 950 colleges and universities and is the authorized broker for several national college athletic associations, the statement said.

Boston-based Risk Strategies is the 1

6th largest brokerage firm of US companies, according to Business insurances latest ranking. The relationship is the 36th largest.


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