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Risk Strategies, a specialty insurance coverage brokerage and danger administration and consulting agency, has introduced the acquisition of Ladmar Group, a retail worker profit agency headquartered in Hauppauge, N.Y. Terms of the transaction weren’t disclosed.
Founded by Phil Fierro and Linda Marra, Ladmar Group supplies worker advantages providers and recommendation with a spectrum of value-added providers together with strategic planning, service charge negotiation, compliance help and enrollment assist. Ladmar Group additionally presents Medicare merchandise to the small employer and particular person market.
“In a time of tight labor markets and environment of rising healthcare costs, specialty expertise in crafting employee benefit plans that fit business goals is vital,” mentioned John Greenbaum, nationwide worker advantages apply chief at Risk Strategies. “Ladmar’s expertise and proven track record makes them a great fit with our approach to client success.”
“Ladmar’s success was founded on our years of experience and ability to collaborate to solve complex client challenges,” mentioned Marra, managing companion at Ladmar Group. “Becoming part of Risk Strategies allows us to continue this collaborative, expertise-driven approach to client service and scale our business with a broad range of new capabilities.”
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“Building and administering employee benefits programs requires deep knowledge of both the client and its business goals, as well as relevant state and federal regulations,” mentioned Michael Sean Grant, worker advantages chief for Risk Strategies’ New York area. “Ladmar Group is a significant addition to our expertise in the New York region.”
Ladmar is the most recent in a collection of acquisitions for Risk Strategies. Last month, the corporate acquired Florida-based Tanenbaum-Harber. in December, it snapped up Statewide Condominium Insurance, additionally based mostly in Florida.
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