Debevoise & Plimpton LLP is advising Risk Strategies on its acquisition of Oxford Risk Management Group, an established leader in alternative risk and captive insurance and consulting.
Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, finalized the acquisition of Oxford Risk Management Group, an established leader in alternative risk and captive insurance and consulting. Terms of the deal were not disclosed.
Established in 2010 and based in Sparks, Maryland, Oxford Risk Management Group specializes in conducting captive feasibility analysis, coordination and management of turn-key captive insurance company arrangements, both domestically and internationally. The company is led by its founding principals, Michael DiMayo and Kevin Myers.
A captive is an insurance company owned by a non-insurance organization or group of organizations and insures the risks of that organization(s), providing specialized coverage risk financing alternatives that are not commonly available through traditional carrier policy offerings. Risks managed through captive structures can run from property and casualty and employee benefits programs to very specialized enterprise risks.
Oxford’s efficient coordination of its own in-house expertise and a network of complementary, best-in-class service providers make it possible for businesses of all sizes to create or participate in a captive insurance company at reasonable cost and gain associated benefits.
As one of the premier firms for captive insurance services, the Oxford brand has become synonymous with quality. A best-in-class team approach – bringing together the most respected and experienced experts from around the world – provides clients with private insurance solutions far beyond the capabilities of other firms.
Oxford has enjoyed strong growth through an array of financial and insurance referral sources. Following the acquisition, the Oxford brand and team will operate as usual with the company’s expertise continuing to be available to its many referral channels even as it becomes a resource for Risk Strategies’ clients.
The Debevoise team is led by partner Sue Meng (Picture) and includes partners Michael Bolotin, Scott Selinger and Elizabeth Pagel Serebransky; counsel Kyra K. Bromley and Michael D. Devins; and associates Risa B. Gordon, Douglas M. Hirn, P. Sebastian Ruiz, Helen Tang and Alana Simone Walker.
Involved fees earner: Sue Meng – Debevoise & Plimpton; Michael Devins – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Elizabeth Pagel Serebransky – Debevoise & Plimpton; Douglas Hirn – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Scott Selinger – Debevoise & Plimpton; Risa Gordon – Debevoise & Plimpton; P. Sebastian Ruiz – Debevoise & Plimpton; Alana Simone Walker – Debevoise & Plimpton; Helen Tang – Debevoise & Plimpton;
Law Firms: Debevoise & Plimpton;
Clients: Risk Strategies Company;