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TRISTAR Insurance acquiring Aspen Risk Management

TRISTAR Insurance Group Inc., an independent third-party claims administrator, agreed to acquire Aspen Risk Management Group.

Financial terms of the deal, which is expected to close Jan. 15, were not disclosed.

The target's employees will continue to operate from their existing locations under the name Aspen Risk Management Group, a TRISTAR company.

Aspen provides loss control and safety services to insurance carriers, captives and brokers.