Broker Risk Strategies said Wednesday it has acquired the assets of Zia Insurance Services, Tyra Enterprises and Capitol Insurance Services.
The Santa Fe, New Mexico-based firms will become part of the Risk Strategies West Region and report to Pat Roth, West Region leader.
Led by Conrad Schott, Zia Insurance Services was founded in 1992 and focuses on fine art coverage, Risk Strategies said.
Tyra Enterprises was founded in 2004 by Greg Tyra and is known for its expertise in professional liability, according to Risk Strategies, with a focus on lawyers and the legal profession.
Zia Insurance and Tyra Enterprises share office space in Santa Fe. Tyra Enterprises also operates a location in Espanola, New Mexico.
In 2009, Mr. Schott and Mr. Tyra formed Capitol Insurance Partners. to increase their market presence for growing client bases.
Accession Risk Management Group, dba Risk Strategies Co. and One80 Intermediaries, is the 13th-largest broker of U.S. business, according to the most recent Business Insurance rankings.
Broker Brown & Brown said on its second-quarter earnings call Tuesday that it expects to close Aug. 1 on its acquisition of Accession’s parent company. Brown & Brown has agreed to pay a gross purchase price of $9.83 billion.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.