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Tristar Insurance Group on January 1, 2020 acquired the loss control company of Aspen Risk Management Group.

Tristar, which is headquartered in Long Beach and owned by president Tom Veale, handles workers’ compensation claims and other claims as a third-party administrator.  They have claims offices in Santa Ana, San Diego, Alhambra, Brea and Walnut Creek. 

“They (Aspen) will put us back in the loss control and safety field—something that a lot of our clients have asked for,” wrote Tom Veale about Aspen Risk Management, which is headquartered in San Diego. 

“Steve Thompson and Cathi Marx have built a great company with broad safety and loss control expertise,” Tom went on.  “Both will be staying on to manage the operation.  They have staff in California, Florida, and North Carolina with consultants all over the U.S.” 

Aspen will retain their name and logo and use the tag “a Tristar company”.  And also according to Tom Veale, Aspen consultants are already working with a number of Tristar clients.

Aspen describes itself as providing business improvement strategies.  Its expertise is in risk management, safety, human resources consulting, training and coaching.  Aspen seeks to prevent injuries, illnesses, and protect clients from harm, and that includes saving lives. 

Aspen’s Safe People—Safe Places process provides regulatory and best practices success.  The company has authored a best seller-- Workplace Safety: A Guide for Small and Midsized Companies. 

Aspen’s specialties are:  Agriculture & Farming, Associations & Non-profit, Automotive & Dealers, Banking & Credit Unions, Construction, Education & Schools, Finance & Insurance, Government, Health Care & Hospitals, Hospitality & Hotel, Loss Control—Agents/Carriers, Manufacturing & Warehousing, Real Estate & Property Management, Retail & Office, Technology & Bio-tech, Utilities.

Tom Veale as Tristar’s president has purchased companies in the past.  A decade ago he purchased Risk Enterprise Management (REM), a third-party administrator that was based in Brea.  

He wrote to this writer two days ago, “I think we will be talking a lot in 2020!”

Lonce Lamonte, journalist, lonce@adjustercom.com; copyright Lonce Lamonte and adjustercom.  All rights reserved.