Risk Strategies, a specialty insurance brokerage and risk management firm, has acquired Castle Rock Capacity, a full-service property & casualty (P&C) insurance broker with expertise in the construction, real estate and development industries.
Terms of the deal were not disclosed.
Headquartered in New York City, Castle Rock was co-founded in 2006 by its CEO and President, Jon Lipton.
A well-established firm, Castle Rock offers a wide variety of P&C coverage to commercial and personal lines client, which includes builders risk, contractors insurance and bonds, general and product liability, restaurant, D&O, and home and auto insurance.
As well as having a particular focus on construction and real estate, Castle Rock has established business in a number of industries and markets including nutraceuticals, life sciences and professional services.
The firm’s business model, very much like Risk Strategies, is designed to ensure clients receive dedicated, senior-level attention from its professionals
Rob Rosenzweig, Risk Strategies New York Regional Leader, commented: “Specialty knowledge and deep expertise have driven Risk Strategies growth from the start.
“Jon and his team at Castle Rock have built their success on this same approach. We’re excited to welcome them to the Risk Strategies family.”
A recognized leader in the New York region, Lipton is an insurance industry veteran with over 25 years of experience.
He is a member of several boards, serves in industry leadership positions and has been an expert witness in his areas of expertise including construction, hospitality, real estate and product liability.
Back in May, Risk Strategies acquired Combined Underwriters of Miami – a full-service independent insurance agency that provides commercial and personal insurance products to clients in South Florida.
