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Dallas — October 1, 2013 — U.S. Risk Insurance Group, Inc. (
www.usrisk.com ), the eighth largest managing general agency and surplus lines wholesaler in the nation, announced its U.S. Risk Pro division and Western World Insurance Group (www.westernworld.com) have launched a new program for Private Company Directors and Officers Liability. This national program will include Employment Practices and Fiduciary Liability coverage and is designed for private companies with total assets of $1,000,000 to $100,000,000, and employee counts of 50 to 1,000. Coverage terms offer a combined aggregate limit for all liability coverage, or separate aggregate limits for each individual coverage section. The Program will be managed at U.S Risk Pro by Blake Rea, a 30 year industry veteran.
Jim DeSimone, SVP of Underwriting and Marketing for Western World said, “We are excited to work with U.S. Risk. It’s a progressive company with a great history of success in the program arena.”
Additionally, U.S. Risk Pro will now be the official name of the professional underwriting specialty division of U.S. Risk Underwriters. The new name was created to coincide with the continuing expansion of Professional Liability programs within U.S Risk. Currently U.S Risk Pro has programs for Insurance Agents E&O, Architects and Engineers E&O, Title Agents E&O, Employment Practices and Miscellaneous Professional Liability.
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 16 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, Unisource Program Administrators, Advocate Reinsurance Partners, LLC, Oxford Insurance Brokers, Ltd. (UK), James Hampden International Insurance Brokers Ltd. (UK), and Abraxas Insurance A.G. (Zurich).
Western World Insurance Group
Founded in 1964, Western World Insurance Group (www.westernworld.com) companies specialize in Commercial General Liability, Professional Liability, Commercial Auto, Commercial Property, and specially customized insurance coverage within the Excess and Surplus Lines industry. Their three divisions – Binding, Brokerage, and Programs – provide intuitive, customer-focused solutions across a variety of business sectors. The privately held Group carries the A+ (Superior) rating from the A.M. Best Company and in 2010 had revenues of $207 million, assets of $1.3 billion, and shareholders' equity of $391 million.
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