Transport Risk Management, a Colorado-based broker specializing in aviation-related insurance and risk management, has been acquired by national insurance brokerage Risk Strategies. “Risk Strategies’ success is built on specialty expertise and the value it delivers to clients facing complex risks,” said Risk Strategies CEO John Mina. “[Travel Risk Management] is a dead-on fit for our business, and its focus is an area in which we’re seeing an increased need.”
Terry Miller, Transport Risk's president, founded the company in 2003 and has more than 1,000 clients. Transport Risk’s offerings include unmanned aerial systems and drone coverages. It also has managing general agent authority with a major international carrier for its specialty drone program.
“We were looking for a way to broaden our capabilities without compromising the specialist knowledge and expertise that our growing client base demands,” Miller said. “Becoming part of Risk Strategies was the perfect way to achieve this goal and ensure we could continue to grow our business in a way that worked best for our clients.”