Risk Strategies acquires Felsen Insurance Services

National specialty insurance brokerage Risk Strategies has acquired Felsen Insurance Services , a NJ-based provider of commercial and personal P&C insurance products and services. Terms of the deal were not disclosed.

Established in 1985, Felsen is based in Denville, NJ and led by its founder, Paul Felsen. The agency’s primary business focus is providing insurance products for real estate, condominium associations, high net worth individuals, and religious institutions.

“It’s exciting to add Felsen Insurance Services to bolster our strong specialty presence in the New York metro region. Bringing on Paul and his team not only gives us more expertise in condominiums and high net worth, it also expands the Risk Strategies presence in the market for religious institutions.” – Rob Rosenzweig, New York Regional Leader, Risk Strategies.

Felsen’s work for religious institutions has garnered the agency a national reputation for its specialty expertise. The agency has a specialty focus on the needs of synagogues and temples and their associated operations, including day care centers, youth group activities, in-house catering, a cemetery, and rare artifacts like Torah scrolls.

“Becoming part of Risk Strategies allows us to preserve and amplify our specialty focus. It’s great that we can add to Risk Strategies capabilities while bringing to our clients and business a range of capabilities and resources previously far beyond our reach.” – Paul Felsen, Owner, Felsen Insurance Services.