Strategic Risk Solutions to acquire Garnet Captive Insurance Services.

Strategic Risk Solutions, an insurance management firm, agreed to acquire Garnet Captive Insurance Services, an alternative risk consulting and brokerage services provider. Financial terms were not disclosed. “There has been significant growth in the use of group captives, given their ability to help businesses in the middle market reduce and stabilise the cost of their property and casualty risk. Garnet has some unique features for their group captives, and having Garnet as part of SRS enhances our current services and capabilities for this growing market,” Brady Young, SRS CEO.