Risk Strategies, a specialty insurance brokerage, has acquired Schroeder Insurance, a company operating out of Missouri, US, with a focus on commercial lines and private client sectors. 

The financial terms of the deal have not been disclosed. 

Schroeder is led by Paul and Ted Schroeder, each with more than 30 years of experience in the industry.  

The company’s business is evenly distributed between commercial and private clients, with specialised expertise across various industries such as hospitality, public sector and emergency response organisations. 

The Missouri-based company was established in 1953 by A.C. Schroeder and Charles Schroeder and has offices in Union and Washington, west of St. Louis. 

Schroeder Insurance CIC, president Paul Schroeder said: “We saw joining Risk Strategies as the best way to extend our expertise-based business model. Becoming part of Risk Strategies brings national scale and a breadth of resources that will benefit both our clients and our people now and into the future.” 

In the US Midwest, Risk Strategies has been pursuing growth with recent investments including Gabrielson Insurance & Financial Services and Comprehensive Benefits.  

In the Detroit area, the company invested in Ralph C. Wilson Agency in Michigan, IZALE Financial Group in Illinois, First Insurance Group in Ohio and the insurance operations of Johnson Financial Group in Wisconsin. 

Risk Strategies Central Region leader Steve Giannone stated: “Schroeder Insurance joining the Risk Strategies family is a real win.  

“Paul and Ted have built a strong presence and solid reputation within their market. They understand that specialty knowledge is the key to solving tough risk and liability problems.” 

In Missouri, Risk Strategies also acquired Thomas McGee Group, Stephens & Associates and Beattie & Associates, all serving St. Louis and Kansas City markets. 

In April, Risk Strategies added GMC Advisors, a Houston-based operator specialising in commercial lines insurance products.