Dallas — September 21th 2011 — U.S. Risk Insurance Group, Inc. (www.usrisk.com), the eighth largest managing general agency and surplus line wholesaler in the nation, today announced that it has acquired American Special Risk Insurance Services in Woodland Hills, California.
American Special Risk (ASR) (www.asris.com) is a managing general agent for professional liability and miscellaneous healthcare risks.
"American Special Risk is a strong and well-respected California MGA that offers similar professional lines to those of U.S. Risk,” said Randall Goss, chairman and CEO of U.S. Risk Insurance Group. "We’re excited about the opportunity that this acquisition provides us to expand our footprint in California. Acquisitions remain a key component of the U.S. Risk growth strategy.”
American Special Risk Insurance Services will become a subsidiary of U.S. Risk of California, Inc. and will report to the U.S. Risk Underwriters Healthcare Division, which offers program underwriting for healthcare accounts. The U.S. Risk healthcare product portfolio includes professional and general liability, automobile, umbrella, as well as risk management products and services for a vast array of healthcare risks. In addition to the healthcare division, U.S. Risk also has specialty underwriting programs for entertainment, staffing, energy, parking and valet services and financial services.
“We are delighted to be joining U.S. Risk and the ability to gain access to greater resources and additional insurance markets,” said Rocio Orta, president of ASR. “We look forward to delivering these expanded resources to our agents and brokers throughout the Southwest region.”
Agents and brokers seeking more information should contact:
Rocio L. Orta, President
About U.S. Risk Insurance Group
U. S. Risk Insurance Group, Inc. (www.usrisk.com) is a specialty lines underwriting manager and wholesale broker headquartered in Dallas Texas. Operating 11 domestic and international branches, it offers a broad range of products and services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Financial Services, Professional Claims Managers, Advocate Reinsurance Partners, Oxford Insurance Brokers (London) and Unisource Program Administrators.