Risk Strategies Company (RSC), a Boston-based insurance brokerage, has acquired Global Insurance Network, a Needham-based independent insurance agency.
Global Insurance Network, founded in 2000, provides a full range of insurance services for the Metro Boston area and risk management service to clients, growth opportunities for employees.
As part of the transaction, Global co-founder and president Bernard Gitlin will join RSC as executive vice president.
Gitlin will be focusing on expanding Global’s core capabilities for RSC and be part of the company’s senior management team.
Gitlin said that as part of Risk Strategies, they can now offer a wider array of brokerage services and innovative risk management tools from more carriers to their real estate and insurance clients.
RSC CEO Michael Christian said that the acquisition of Global Insurance Network allows them to diversify our client portfolio and further expand our professional staff and client base in the Boston area.
Terms of the deal were not disclosed.