Risk Strategies Acquires Statewide Condominium Insurance

Founded in 1996 and headquartered in Willow Beach, Florida, Statewide is a retail broker-dealer specializing in the condominium and condominium venture industries. It provides risk management and insurance solutions to condominium operators and homeowners associations throughout Florida. The coverage offered by the company includes property, casualty, flood, general liability, professional liability and umbrella insurance.

“Complex risks and tough markets require expertise,” said Scott Popilek, Atlantic head of risk strategy. “This is why risk strategies thrive and why Statewide is such an important addition to our capabilities in Florida. We are excited to add the expertise of this team.”

A press release notes that the state has the second-largest statewide comprehensive insurance requirement for community associations and community associations—both of which make its acquisition by Risk Strategies a “strong growth opportunity” as the latter continues to develop its capabilities clients .

“As a highly specialized firm, we want to find the right partner to grow our business and expand the ways we help clients manage risk,” said Jerry Wahl, CEO of Statewide Condominium Insurance. “The risk strategy specialist focus means our people can continue to do what they do best, while gaining deep expertise in complementary areas of risk management.”

Last week, Risk Strategies announced the launch of its new Risk Strategies Consulting, a national advisory and actuarial services business. The new business combines expertise and products acquired by the company over the past five years.

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