Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Md. Terms of the deal were not disclosed.
Founded in 1981, Arkin Youngentob has expertise in creative design and alternate funding structures for benefit plans. Its focus industries include real estate services, construction firms, technology companies and government contractors, as well as associations and non-profit organizations.
In addition to employee benefits, Arkin Youngentob focuses on the design of executive benefits, including multi-life disability and life, key person, company-owned life insurance, carve outs, business succession funding and corporate-sponsored retirement plans.
The acquisition of Arkin Youngentob adds to Risk Strategies’ employee benefits specialty practice. In 2018, Risk Strategies has also acquired wholesale benefits services specialist Benefits Network Insurance Agency in Ohio, as well as full-service employee consulting and benefits brokerage firms Craford Benefit Consultants in Oregon and Costello Benefits Group in Massachusetts.
As a U.S. insurance broker, Risk Strategies offers risk management advice as well as insurance and reinsurance placement for property and casualty, healthcare and employee benefits risks. It serves commercial companies, non-profits, public entities and individuals.
Source: Risk Strategies
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