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Announced

Completed

Risk Strategies completed the acquisition of Hugh Wood US and Hugh Wood Canada from HW International.

Synopsis

Risk Strategies, a specialty insurance brokerage and risk management services provider, completed the acquisition of Hugh Wood US, a provider of commercial lines, personal lines, and benefits solutions across the United States, and Hugh Wood Canada, a niche specialty broker focused on complex commercial lines placements and personal asset protection, from HW International, a global provider of insurance and risk management solutions. Financial terms were not disclosed. “The entire HWI B.V. board have been unanimous in their support of this deal. This is an excellent opportunity for the HWI B.V. Group and the North American teams, and we see Risk Strategies as an ideal partner. The deal will enable the HWI B.V. Group to continue to prosper and work together with a fantastic partner in North America, as well as creating a relationship that is truly additive to all parties. We consider this as a first step towards a wider relationship with Risk Strategies and we can only see benefits to all of the HWI B.V. Group’s firms and their teams,” David Nelson, H.W. International B.V. Chairman.

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