National specialty insurance broker Risk Strategies announced its acquisition of JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates, Inc.
Headquartered in Pipersville, Pennsylvania, JW Surety Bonds was founded in 2003 and today operates across all 50 states. It offers real-time online quoting capabilities, a simple application and placement process, as well as claims defense.
The firm places a variety of bonds including license and permit bonds, contractor bonds, court bonds and fidelity bonds. The company specializes in freight broker, auto dealer and mortgage broker bonds. The firm says it writes more than $4 billion in bonds and insurance each year.
“In the property and casualty world, surety bonds happen to be a niche among niches. I started this firm 20 years ago and finding the right partner for our group of companies was paramount to be able to scale and perpetuate our business,” said JD Weisbrot, president and chief underwriting officer, JW Surety Bonds, in announcing the merger.
Terms of the deal were not announced.
Boston-based Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies has more than 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington D.C., Los Angeles and San Francisco.
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