Global risk management consulting company Risk International has announced it has acquired Bartlett Actuarial Group, an independent property and casualty (P&C) insurance actuarial service that serves clients nationwide. The deal expands Risk International’s counsel and enhances its captive insurance company advisory services.
"We're anxious to apply Bartlett's good counsel to captive insurance and mutual insurance companies to the growing needs of both our corporate and privately held clients," said David O'Brien, chairman, Risk International. "Bill and Andrea Bartlett have built a great service reputation, and we're looking forward to teaming with their longtime partner Brian Johnson to grow it into new markets."
Johnson, now managing director, will lead a staff of 13 who will continue to operate from Bartlett’s headquarters in Charleston, South Carolina and its offices in Burlington, Vermont.
Founded in 1986, Risk International is headquartered in Fairlawn, Ohio. It offers risk management, insurance claims mitigation, loss prevention, claims recovery and due diligence services to mostly Fortune 1000 clients that have a total cost of risk of at least $5 million. Its 2014 acquisition of Consolidated Risk Management in Cleveland allowed it to expand service capacity to the growing outsourced risk management needs of middle market companies that earn $100 million or more in revenue and have a total cost of risk of at least $1 million. Risk International has a staff of nearly 75 and serves clients from offices in Charlotte, Chicago, Cleveland, Columbus, Wilmington, Delaware, central Michigan, London and Singapore.
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