Risk International Acquires Licata Risk Advisors and Risk Solutions, Inc.

Risk International Expands Capabilities with the Strategic Acquisitions of Licata Risk Advisors and Risk Solutions, Inc.

Fairlawn, Ohio, June 19, 2024 – Risk International, a leading provider of risk management consulting and employee benefits advisory services, today announced the acquisition of Boston, Massachusetts-based Licata Risk Advisors and Franklin, Massachusetts-based Risk Solutions, Inc. These strategic acquisitions bolster Risk International’s expertise and enhance its ability to offer clients tailored comprehensive risk management solutions.

Licata Risk Advisors and Risk Solutions, Inc. are independent risk management and insurance consulting firms. They specialize in evaluating and optimizing insurance programs to provide comprehensive, cost-effective coverage. These firms dedicate themselves to helping organizations reduce insurance costs while maximizing protection for their assets, revenue, and reputation.

“By bringing Licata Risk Advisors and Risk Solutions, Inc. onto the Risk International team, we are enhancing our capabilities and expertise in risk management and insurance consulting while furthering our ability to provide quality services to clients across a broad spectrum of industries,” said Michael Winschel, General Counsel, Executive Vice President – Risk and Analytics of Risk International. “These acquisitions bring additional depth and talent, enabling us to provide even more customized and effective solutions for our clients.”

Risk International is renowned for its objective, data-driven approach to risk management and employee benefits advisory services. With over 40 years of market leadership, Risk International uniquely positions itself to deliver unbiased, customized solutions that align with client’s specific needs and objectives. The company’s primary focus is on optimizing insurance and risk management programs to reduce costs and enhance business outcomes.