U.S. Risk announces U.S. Risk Lawyers Advantage RPG

U.S. Risk Underwriters, Inc., a member of U.S. Risk Insurance Group, LLC, the nation’s sixth largest Property and Casualty wholesaler, has launched a new risk purchasing group to underwrite Lawyers Professional Liability. U.S. Risk Lawyers Advantage RPG was created to provide an underwriting platform for firms up to 25 lawyers.

Randall Goss, CEO of U.S. Risk, said, “We are very pleased to expand our reach within the lawyers professional liability market segment. The creation of the U.S. Risk Lawyers Advantage RPG is designed to enhance our product offering and will enable us to serve this important profession in a broader area.”

Wayne Carter, President of U.S. Risk Underwriters, added, “We are pleased to coordinate the efforts of our Specialty Programs with an A.M. Best A-rated stable admitted carrier partner to provide superior products to the legal profession. This relationship will provide product differentiation, competitive pricing and financial stability, allowing us to better serve existing and future clients.”

Debbie Ramos, Vice President of U.S. Risk Lawyers Advantage RPG, commented, “We are delighted to launch U.S. Risk Lawyers Advantage RPG and are confident that the enhanced program will broaden our ability to exceed the expectations of the professionals we serve.”

Take1 Insurance and L.A. Xcess combine to create powerful new insurance force in the entertainment industry

The acquisition of L.A. Xcess, a Los Angeles-based national wholesale broker of entertainment, sports and leisure insurance, by Take1 parent U.S. Risk Insurance Group LLC, announced on March 1, 2018, brings together a team of entertainment industry professionals that can provide customers with a new and broader range of insurance solutions.

The move, according to Take1 Insurance Executive Vice President & Program Director Scott Carroll, creates a powerful new force in the entertainment industry able to offer an unmatched range of customized insurance solutions that meet the unique needs of almost every market segment— Rental & Staging, Film & Television Production, Loan Out, Touring Entertainment, Live Event Production, Event Service, Special Events, Motor Sports and Contingency.

“The combination of L.A. Xcess with Take1 Insurance means that, together, we can be the brokers for a broad spectrum of the modern entertainment industry, offering the best of both broking and underwriting,” Carroll said today. “With L.A. Xcess owners Richard Rutkin and Aaron Ma and their talented staff joining our talented staff, we have a team of experts that can serve as a one-point source of contact for nearly all forms of entertainment insurance. Together, Take1 and L.A. Xcess look forward to working with our domestic and international partners, who represent virtually every major entertainment and sports specialty market, to bring our retail customers the absolute best that the entertainment insurance industry has to offer.”

According to L.A. Xcess Founder Richard Rutkin, “We are delighted to join Take1 and the U.S. Risk family of companies. We believe Take1’s entrepreneurial culture matches up very well with ours, and we are excited to be able to both supplement our offering to current clients and to expand our client base through Take1 and the U.S. Risk network of agents.”

U.S. Risk announces acquisition of L.A. Xcess Insurance Brokers, Inc.

Dallas, Texas, March 1, 2018 | U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, has acquired L.A. Xcess Insurance Brokers, Inc., a Los Angeles, California based wholesale broker focused on the entertainment industry.

Randall Goss, CEO of U.S. Risk, said, “We are very pleased to add L.A. Xcess to the U.S. Risk team focused on the entertainment industry.  The senior team has built a fantastic company that is very complementary to our existing business and will help us better serve our clients. This transaction is a further demonstration of our strategic focus on acquiring companies whose experience, resources and values complement our own.”

Richard Rutkin, President of L.A. Xcess, said, “We are delighted to join the U.S. Risk family of companies.  We believe their entrepreneurial culture matches up very well with ours, and we are excited to be able to both supplement our offering to current clients and to expand our client base through the U.S. Risk network of agents.”

U.S. Risk executives featured in The Dallas 500

U.S. Risk CEO Randall Goss and CFO Michelle Frymire are featured in The Dallas 500 of 2018, a guide to the most powerful business leaders in Dallas-Fort Worth.

The Dallas 500 is a special, standalone publication that celebrates the most influential business leaders in North Texas. It is the result of a year-long research initiative by the editors of D CEO, which has been named the country’s best regional business magazine for the last four years. The Dallas 500 provides a personal, engaging look at the leaders who make Dallas-Fort Worth’s economy tick.

The Dallas 500 features the region’s most powerful leaders in 60 categories. D CEO editors compile the list based on extensive contacts in local business circles, hundreds of interviews, and months of research. The Dallas 500 is the region’s highly selective biographical database of the people who really run Dallas-Fort Worth business.

See the full Dallas 500 list here.

Randall E. Hedlund joins U.S. Risk as Sr. Vice President

Randall E. Hedlund has joined U.S. Risk as Senior Vice President.

Randy most recently served as Director of Care Providers Insurance Services (a division of NSM Insurance Group). Randy is a veteran of the insurance industry, having started his career as an underwriter trainee with the Insurance Company of North America (INA). Over the course of his career, he has worked for a number of major insurance companies on a regional and national level, including CIGNA, Continental, RoyalSunalliance, AIG, and Crum & Forster. His experience spans a broad array of industries and specialties in underwriting, claims and loss control, and includes accounts ranging from start-ups to the Fortune 100.

In addition to his carrier experience, Randy has extensive experience in the program business with organizations such as Deep-South and NSM. He has served in a variety of senior and executive level management positions.

Randy is a graduate of Youngstown State University with a Bachelor of Science degree in Finance. He holds designations as a Chartered Property and Casualty Underwriter (CPCU), Associate in Risk Management (ARM) and Associate in Marine Insurance Management (AMIM).

Michelle Frymire joins U.S. Risk as Chief Financial Officer

Dallas, Texas, November 1, 2017 | Michelle Frymire has joined U.S. Risk, LLC as Chief Financial Officer. Frymire will be responsible for Finance, M&A and Development, and Human Resources.

Frymire brings to U.S. Risk more than 25 years of experience in the finance industry. She spent 14 years in the airline industry with both American Airlines and Continental before becoming Vice President of Finance at Delta Air Lines.

Frymire then served as Chief Financial Officer of Starwood Vacation Ownership in Orlando, Florida for five years, before accepting the CFO role for TruGreen Lawncare at The ServiceMaster Companies. Frymire later served as VP of Financial Planning & Analysis at ServiceMaster, where she played a key role in ServiceMaster’s successful IPO in 2014.

Most recently, Michelle served as CFO for Service King Collision Repair, a Blackstone portfolio company, where she oversaw significant growth in the business and the development of the Finance, M&A, Development, and Procurement functions.

“I am pleased to be joining U.S. Risk at this exciting time in the company’s growth”, said Frymire. “I look forward to working with the entire U.S. Risk management team worldwide to continue the success of the company.”

Randall Goss, CEO of U.S. Risk, said, “Michelle is the ultimate professional with a broad-based financial background. Her immense talent will be fully utilized as a key member of the U.S. Risk management team. In addition to Michelle’s overall financial responsibilities, she will play a leadership role in driving U.S. Risk’s continued rapid growth through the implementation of both organic and acquisition strategies. We are very happy to have her as a part of our team.”

Frymire holds a degree in Economics from Austin College and an MBA from The University of Texas at Austin McCombs School of Business.

U.S. Risk announces acquisition of B&H Risk Services, Inc.

Dallas, Texas, August 18, 2017—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired B&H Risk Services, Inc., a Dallas, Texas based Managing General Agency and wholesale broker.

Randall Goss, CEO of U.S. Risk, said, “B&H has built a solid niche and proven their value to both their customers and their carriers for hard-to-write classes of business. This transaction is a further demonstration of our strategic focus on acquiring companies whose experience, resources and values complement our own.”

Bill Buckley, CEO of B&H, said, “Our team is excited to join the U.S. Risk family and is excited about the opportunity to enhance and expand our existing agent relationships and to connect with additional agents.”

U.S. Risk announces acquisition of Strategic Insurance Underwriters

Dallas, Texas, July 24, 2017—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired Strategic Insurance Underwriters, a specialist Trucking MGA and Broker.

Headquartered in Sarasota, Florida, Strategic Insurance Underwriters has a 34-year history of offering tailored insurance products to the trucking and transportation industries, while delivering strong customer service through a partnership approach.

Randall Goss, CEO of U.S. Risk, said, “We entered into a partnership with Strategic Insurance Underwriters about two years ago, and as a result of the success of that partnership, we are very excited to bring the expertise of Bob and his team fully into the U.S. Risk family of companies. This transaction reflects our strategic focus on acquiring companies whose experience, resources and value complement our own.”

Gerry den Boggende and Neal Daunt, current executives at Strategic, will continue to manage and direct the operations of Strategic as part of their new leadership roles within U.S. Risk.

Bob Schneebeck, retiring President of Strategic, said, “We were delighted with the initial partnership with U.S. Risk and view this transaction as a logical next step. I’m excited to see Strategic evolve and further enhance its capabilities to serve its current and future clients.”

U.S. Risk Insurance Group, LLC announces acquisition of IMS London American, names Larry Mennes President, U.S. Risk Solutions (Texas), LLC

Dallas, Texas, July 7, 2017—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property & Casualty wholesaler, announced today that it has acquired IMS London American Brokerage and Underwriting Services and has named Larry Mennes President of its contract binding operations in Texas, and Stephen Vallender Executive Vice President at U.S. Risk Brokers, Inc.

Headquartered in Houston, Texas, with additional offices in Dallas and San Antonio, IMS London American has been committed to providing superior underwriting and brokerage services since its founding in 2005.

Randall Goss, CEO of U.S. Risk, said, “We are very impressed with the business that Larry and his team built and are excited to bring them into the U.S. Risk group of companies. The acquisition of IMS London American brings additional talent and client service capabilities to our Texas operations, and broadens our base of client retail agents served. This is our most recent acquisition since we announced our partnership with Kohlberg and Company, and continues our strategic focus on acquiring companies whose experience, resources and values complement our own.”

Larry Mennes, President of IMS London American, said, “We view this merger as a very positive event for our employees, carrier partners, and client retail agents. We are looking forward to being able to better serve our agents with the additional markets and products U.S. Risk has available.”

Matthew McCampbell joins U.S. Risk, LLC as Executive Vice President of Corporate Strategy and Development

Matthew McCampbell has joined the U.S. Risk, LLC team as Executive Vice President of Corporate Strategy and Development. McCampbell will be primarily responsible for heading up all acquisition activity as the company continues its plans for aggressive growth.

McCampbell brings to U.S. Risk more than 15 years of experience in strategy and financing in the insurance and financial services industries. Prior to joining U.S. Risk, he was a Vice President at Essent Group, Ltd., where he focused on corporate strategy and finance. Prior to joining Essent in 2010, he was a Vice President in Macquarie Capital’s Financial Institutions Group, where he was responsible for executing M&A and financing transactions for risk-bearing, insurance-distribution and market-structure companies.

McCampbell holds a Masters of Business Administration in finance from the University of Illinois at Urbana-Champaign. He also holds a Bachelor of Arts in psychology and a Bachelor of Science in business administration from Trinity University in San Antonio.