Risk Strategies Acquires The Baker Benefit Group, LLC
June 20 2024 - 9:30AM
Risk Strategies, a leading North American specialty insurance
brokerage and risk management and consulting firm, today announced
it has acquired The Baker Benefit Group, LLC (BBG), a retail firm
providing ancillary employee benefits products at large employer
groups. Terms of the deal were not announced.
Founded in 1999 and based in Falmouth, Maine and Ridgefield,
Connecticut, BBG expands Risk Strategies capabilities in the
executive benefits space. The firm’s primary focus is the design,
implementation, and ongoing service of Individual Disability
Insurance (IDI) plans.
“The Baker Benefit Group is coming to us with a complementary
focus that will deepen our expertise in a meaningful way,” said
John Greenbaum, National Employee Benefits Practice Leader, Risk
Strategies. “Adding BBG to the Risk Strategies family enhances our
ability to serve our clients. I’m excited by the
possibilities.”
The Baker Benefit Group’s client focus has been large employer
groups primarily based in the Northeast, with many operating both
nationally and internationally. Among BGG’s clients are hospitals
ranked among the country’s top 10, leading institutions within
America’s top 15 universities, and one of the top-five global
management consulting firms.
The complexity of creating, selling, and managing an effective
ancillary benefit program requires focus and deep expertise. This
dynamic fosters client trust and loyalty. “Our focused
specialization is the engine driving our business success and
client loyalty,” said Mark Baker, Founder and President, The Baker
Benefit Group, LLC. “In Risk Strategies, we have found a partner to
help us scale our business and offer more capabilities to our
clients in addition to our specialty focus.”
A supplement to core employee benefits offerings like health
insurance, ancillary benefits offer employers an effective
recruitment tool and can also help boost employee retention by
providing access to coverages that meet their needs in a more
personalized way. Programs are often tailored to target key
employees or roles within an organization.
To learn more about Risk Strategies, please visit
risk-strategies.com.
About Risk Strategies
Risk Strategies, part of Accession Risk Management Group, is a
North American specialty brokerage firm offering comprehensive risk
management services, property and casualty insurance and
reinsurance placement, employee benefits, private client services,
consulting services, and financial & wealth solutions. The 9th
largest U.S. privately held broker, we advise businesses and
personal clients, have access to all major insurance markets, and
30+ specialty industry and product line practices and experts in
200+ offices - Atlanta, Boston, Charlotte, Chicago, Dallas, Grand
Cayman, Kansas City, Los Angeles, Miami, Montreal, Nashville, New
York City, Philadelphia, San Francisco, Toronto, and
Washington, DC. RiskStrategies.com.
Media ContactAlana Bannan Account
Executive360-975-1812Rsc@matternow.com