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 the 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.

U.S. Risk names Wayne H. Carter, III President of U.S. Risk Underwriters, Inc.

U.S. Risk, LLC, the nation’s fifth largest Property and Casualty wholesaler and MGA announced that it has named Wayne H. Carter III President of U.S. Risk Underwriters, Inc., its’ proprietary programs group. Mr. Carter will assume senior level management responsibilities for all the U.S. Risk proprietary programs. U.S. Risk currently serves as program administrator for over 25 proprietary programs, representing nine different carriers in market verticals such as Financial Institutions, Healthcare, Energy and Environmental, Entertainment, Professional Liability and Community Associations.

Wayne most recently served as President of Berkley Program Specialists (a W.R. Berkley company). Wayne is a veteran of the insurance industry having started his career as an underwriter with Travelers Insurance Company. Over the course of his career he has served in senior management positions with Brown & Brown, Target Insurance Services and Crump/CRC.

Wayne Carter is a graduate of Virginia Polytechnic Institute and State University with a Bachelor
of Science degree in Mathematics and a Bachelor of Arts degree in Economics. He holds designations as a Chartered Property and Casualty Underwriter and is an Associate in Risk Management.

“I look forward to developing and working with the solid team of program professionals already in place at U.S. Risk. The management of U.S. Risk has demonstrated a firm commitment to investing in the future of U.S. Risk and I am honored to be a part of that mission” said Carter.

Randall Goss, CEO of U.S. Risk, added “We’ve known Wayne for many years and have admired his commitment to our industry and his knowledge and expertise in the specialty program space. We’re excited for the opportunity to work with Wayne to continue to expand our program offerings and services to our clients.”

 

For further information please contact:
Wayne H. Carter, III – CPCU, ARM
Email: wayne.carter@usrisk.com

About U.S. Risk
U.S. Risk, LLC (www.usrisk.com) is a leading international 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, Oxford Insurance Brokers, Ltd. (UK), James Hampden International Insurance Brokers Ltd., (UK), Antarah FZE (UAE), and Abraxas Insurance A.G. (Zurich, Liechtenstein).

For further information contact:
U.S. Risk
Randall Goss – Chairman and CEO
Email: randall@usrisk.com
(800)-232-5830

U.S. Risk was ranked the 5th largest wholesaler by Business Insurance for 2016

U.S. Risk names John L. Guadagno Executive Vice President of Binding Operations for U.S. Risk Underwriters

U.S. Risk Insurance Group, Inc., the nation’s sixth largest Property and Casualty wholesaler announced that it has named John L. Guadagno Executive Vice President of Binding Operations for U.S. Risk Underwriters.

John Guadagno is an industry veteran with over 31 years of experience in Property & Casualty Insurance industry on Long Island, specializing in Excess & Surplus lines.  John was instrumental in the creation of the NYMAGIC/Gotham & Endurance Contract Binding Operations, most recently serving as V.P. Marketing for Endurance.  John’s prior roles include E&S Underwriter for I. Arthur Yanoff & Co. Ltd. / RPS-Risk Placement Services and retail producer for Genatt Associates & Ralph Silvers Agency.  He is active with AAMGA, NAPLSO & Target Markets and currently is on the automation/technology committees of both AAMGA & NAPSLO. At U.S. Risk John’s focus will primarily be Contract Binding Operations. John will be based in our Melville, Long Island, NY office and will work closely with all of our underwriting offices to help expand and enhance carrier partnerships within each program.

John Guadagno said, “I am honored to be a new part of the U.S. Risk team and look forward to providing very competitive & innovative solutions and best of class levels of service to our customers in the CT, NJ, NY & PA region.  Being a new regional operator for a world class organization will bring the power of U.S. Risk’s great carrier market relationships & cutting edge technology innovations to bear with more focus to our customers in the North East, providing exciting new market opportunities.”

Randall Goss, CEO of U.S. Risk, said “We’re excited for the opportunity to work with John and   utilize his specialty program knowledge. He will be an asset to U.S. Risk as we continue to expand our presence in the Northeast region.”

For more information please contact:

John Guadagno

Phone: 631-393-5075

Email: john.guadagno@usrisk.com

U.S. Risk announces acquisition of Matias Underwriters, LLC. Names Glenn Matias National Practice Leader and Vice President for the Workers Compensation Divisions of U.S. Risk Underwriters, Inc.

U.S. Risk Insurance Group, Inc., the nations’ sixth largest Property and Casualty wholesaler announced that it has acquired Matias Underwriters, LLC and has named Glenn Matias National Practice Leader and Vice President for the Workers’ Compensation Division of U.S. Risk.

Glenn will manage the Boston, Dallas, Houston and Sarasota Workers’ Compensation Divisions which have the ability to write both Primary and Excess Workers’ Compensation for an expanded number of classes with competitive rates in all 50 states.

Randall Goss, CEO of U.S. Risk, said “We look forward to the impact of Glenn’s extensive expertise in the Workers’ Compensation arena to continue expanding our presence and better serve our clients. He will lead the expansion of this business throughout the U.S. Risk distribution networks.”

Glenn brings with him over 27 years of experience in the insurance industry and specializes in developing and managing Workers’ Compensation niche programs. At U.S. Risk, Glenn will be focused on increasing overall WC writings by reinvigorating and strengthening U.S. Risk’s current carrier relationships and expanding the carrier lineup specifically designed for the Workers’ Compensation needs of underserved markets and industries.

Glenn earned a Bachelor of Arts in Economics degree from the University of Massachusetts at Amherst.

He can be reached at 800-232-5830 or glenn.matias@usrisk.com