Risk International Acquires Consolidated Risk Management
Fairlawn, OH (PRWEB) February 24, 2014 -- Risk International today announced it acquired Consolidated Risk Management, as the combination of companies will strengthen service to middle market companies from the outsourced risk management firm, according to Michael Davis, president and CEO.
Founded in 1986, Risk International offers risk management, insurance claims mitigation, loss prevention, claims recovery and due diligence services to more than 50 clients, most of which are ranked among the Fortune 1000 and have a total cost of risk of at least $5 million. Its acquisition of Consolidated Risk Management allows it to expand its service capacity to the growing outsourced risk management needs of middle market companies that earn $100 million or more in revenue and have a total cost of risk of at least $1 million.
“Consolidated Risk Management is a proven leader in risk management counsel to middle market companies,” said David O'Brien, chairman. “Michael Cristal and his staff understand our service offerings and how these apply to the middle market. Adding them to our team of professionals strengthens our brand, increases our joint capacity to serve the fast growing demand for outsourced risk management from middle market companies, and rewards our combined clients with greater depth and breadth of counsel.”
Consolidated Risk Management and its staff of five will continue to operate from its current offices in Cleveland. Risk International, with a staff exceeding 50, is the largest firm of its kind in the U.S. Headquartered in Fairlawn, Ohio, it serves clients from offices in Charlotte, Columbus, Wilmington (Delaware), central Michigan, London and Singapore.
“Both of our firms share a reputation for being highly focused on clients,” said Michael Cristal, president and CEO, Consolidated Risk Management. “Our middle market clients can now expect to enjoy the benefit of working with the largest independent risk management firm and the added breadth of services that are typically only available to Fortune 1000 clientele.”
About Risk International: As a global risk management consulting company, Risk International has helped clients save or reduce the cost of risk by nearly $1 billion collectively since opening its doors in 1986. The firm is ranked as one of the top three risk management companies in the U.S. by Business Insurance magazine. For additional information on Risk International, please visit http://www.riskinternational.com
Jim Kenny, +1 216-870-0941, [email protected]
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