M&A activity in the Bay Area bubbled up this week with the acquisition of one Bay Area-based insurer by another with a major presence there.
Risk Strategies Inc., a Boston-based insurer, acquired MacCorkle Insurance Services, a full service employee benefits and property/casualty insurance brokerage and consulting firm headquartered in Burlingame, California.
Risk Strategies has operations in San Mateo, and, in a release, said the deal "brings increased expertise and scale to Risk Strategies' growing employee benefits, private client personal lines, and property/casualty capabilities."
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