Aspen Risk Management Group in California Acquired by TRISTAR

TRISTAR Insurance Group Inc. has agreed to acquire San Diego, Calif.-based Aspen Risk Management Group.

Terms of the deal were not disclosed.

All Aspen employees will continue operating out of the existing locations under the name Aspen Risk Management Group, a TRISTAR Company.

Long Beach, Calif.-based TRISTAR is a privately owned, independent third-party claims administrator that provides claims and risk management services to a variety of clients including self-insureds, insurance carriers, program underwriters, public entities and risk pools.

In addition to its risk control services, Aspen provides remote ergonomics, online service platforms, and specialty services for both commercial and government clients.

Topics California Mergers & Acquisitions Risk Management