Swett & Crawford Group, a wholesale insurance intermediary, has acquired Risk Reducers, a wholesale insurance broker specializing in workers' compensation.
As a result of the acquisition, Risk Reducers will operate as Risk Reducers, a division of Swett & Crawford.
M. Keith Kimbro, CEO and co-founder of Risk Reducers, added: Swett & Crawford will be an outstanding partner for Risk Reducers. Swett’s national network of retail agents and high-quality employee base of brokers and underwriters will give us the distribution we need to further develop our workers’ compensation platform. Additionally, Swett’s broad carrier relationships and product offerings will enable Risk Reducers to instantly provide more options to our existing agent base without compromising our service.