US-based insurance brokerage firm Risk Strategies has acquired Chicago-based employee benefits insurance brokerage and consulting firm, Northwest Comprehensive.
Northwest Comprehensive health and welfare benefits brokerage or consulting services, which will allow to control costs and maximize available resources.
Risk Strategies CEO and founder Michael Christian said: "We look for partners that are highly specialized to augment and complement our specialty-focused firm.
"Northwest Comprehensive’s prominence in employee benefits for colleges and universities will bring expanded expertise and resources to Risk Strategies’ higher education clients."
Northwest’s employee benefits services comprise ACA and legislative compliance, management of competitive bids contract negotiation, plan design audit and cost modeling, consumer driven health plans linked to HSA’s or HRA’s, self-funding and fully insured analysis and analysis of claims history and utilization trends.
Northwest Comprehensive president and founder John Cerasani will continue to manage the operations of the firm, and will also act as the leader for Risk Strategies’ midwest employee benefits practice.
Cerasani said: "Northwest Comprehensive has been a highly specialized player, focusing on employee benefits for colleges and universities."
With 16 offices across the country, Risk Strategies provides risk management advice and insurance placement for property and casualty and employee benefits risks, serving middle market commercial companies, non-profits, public entities and individuals.