Risk Strategies Acquires Silveus Insurance Group, Inc.
2024年5月21日 - 10:30PM
Risk Strategies, a leading international specialty insurance
brokerage and risk management firm, today announced that it has
acquired Silveus Insurance Group, Inc (Silveus). The Indiana-based
broker dates back to 1940 and is the country’s largest independent
specialty provider of crop insurance. Terms of the deal were not
provided.
“Agriculture is one of the five strategic specialties that we
had identified for long term growth,” said John Mina, Global CEO,
Accession Risk Management Group, parent of Risk Strategies and
One80 Intermediaries. “I’m pleased that we were able to launch this
new industry vertical with a proven performer in Silveus.”
Based in Warsaw, Indiana, Silveus is widely recognized
nationwide for its deep expertise and understanding of both federal
and private products available to growers to reduce their risk
exposures. The firm is the industry leader in private product
development, selling a variety of private and federal insurance
products.
“We help clients succeed through a unique combination of focused
expertise, innovation, and broad, entrepreneurial collaboration,”
said John Scroope, National Director of Retail Operations, Risk
Strategies. “We saw in Silveus not just a proven, market-leading
specialist, but an organization that would be a great fit with the
Risk Strategies family. We are thrilled to have them aboard and
excited by the possibilities.”
Rooted in generations of industry experience, the Silveus
management team today is comprised of highly regarded experts with
strong operational expertise in agriculture and a proven track
record of growth and innovation in risk management. The firm’s
client base is geographically diverse, spanning 40 states, and
ranges from small, five-acre farms to some of the nation’s largest
corporate farming operations.
“We’re specialists in a nationwide market. Becoming part of a
larger company with a similar specialty approach made a lot of
sense,” said Scott Silveus, President & CEO, Silveus Insurance
Group. “As part of Risk Strategies, we can retain our focus while
adding expert capabilities that address our clients’ overall risk
and liability exposures.”
Silveus also offers value-added services and capabilities,
including proprietary technology and methodologies that help
clients better understand their risk exposures and ways to mitigate
them. Its proprietary software allows clients to manage a wide
variety of agricultural risks. Silveus’ risk management methodology
uses in-house technology to power a customizable matrix of client
characteristics, coverages, and viable mitigation strategies to
create easy-to-read grids that help farm owners visualize and
execute successful risk management strategies.
To learn more about Risk Strategies, please
visit riskstrategies.com
About Risk Strategies
Risk Strategies is the 9th largest privately held
United States brokerage firm offering comprehensive risk management
advice, insurance and reinsurance placement for property &
casualty, employee benefits, private client services, as well as
consulting services and financial & wealth solutions. With more
than 30 specialty practices, Risk Strategies serves commercial
companies, nonprofits, public entities, and individuals, and has
access to all major insurance markets. Risk Strategies has over 200
offices including Boston, New York City, Chicago, Toronto,
Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville,
Washington DC, Los Angeles, and San Francisco.
RiskStrategies.com.
Media ContactAlana BannanAccount Executive
360-975-1812Rsc@matternow.com