Risk Strategies, an international specialty insurance brokerage and risk management firm, has acquired Hugh Wood Inc. (US) and Hugh Wood Canada Limited, the US and Canadian operating entities of global insurance holding company, H.W. International B.V (HWI B.V.).
Terms of the deal were not disclosed.
Based in New York City, Hugh Wood Inc. provides commercial lines, personal lines, and benefits solutions across the United States. The company particularly focuses on real estate, marine, ports, metals, fine art, international, and Japanese global clients.
At the same time, Hugh Wood Canada Limited is based in Toronto, Ontario and is a niche specialty broker with a focus on architect and engineering professionals, personal lines, real estate, and fine art.
According to the announcement, this transaction marks the end of a strategic review, and subsequent sales process, by HWI B.V. of its North American operations, which started in 2021.
Following the sale, HWI B.V. Group will partner with Risk Strategies in North America.
TAG Financial Institutions Group, LLC acted as sell-side advisor to HWI B.V. during the deal.
John Mina, Global CEO, Accession Risk Management Group, parent brand of Risk…
