FAIRLAWN, Ohio, Jan. 13, 2015 /PRNewswire/ -- Risk International announced its acquisition of an independent property and casualty insurance actuarial service that serves clients nationwide from Charleston, South Carolina. According to Michael Davis, president and CEO, the acquisition of Bartlett Actuarial Group expands the counsel of the outsourced risk management provider to both its Fortune 1000 and middle market clients, while also enhancing the outsourced risk manager's captive insurance company advisory services.
Founded in 1986, Risk International 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.
"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. "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."
Bartlett's Johnson, now managing director, will lead a staff of 13 who will continue to operate from offices in Charleston and Burlington, Vermont. Risk International, with a staff of nearly 75, is the largest U.S. firm of its kind. Headquartered in Fairlawn, Ohio, it serves clients from offices in Charlotte, Chicago, Cleveland, Columbus, Wilmington (Delaware), central Michigan, London and Singapore.
About Risk International: As a global risk management consulting company, Risk International has helped clients save or reduce the cost of risk by nearly $1 billion collectively since opening its doors in 1986. The firm is ranked as one of the top three risk management companies in the U.S. by Business Insurance magazine. For additional information on Risk International, please visit: www.riskinternational.com
SOURCE Risk International