Oxford Insurance Brokers expands into the marine and energy markets

Oxford Insurance Brokers Limited, an international subsidiary of U.S. Risk Insurance Group, has acquired a marine and energy team. This new team will form the core of a new Marine & Energy Division within Oxford.

The hiring of the team, who was formerly with Chesterfield Insurance Brokers, complements and is consistent with Oxford’s growth ambitions. Mark Rowland will head up the team, and will be joined by Ramsay Nicoll and Charles Reid. The team specializes in a number of marine and energy lines including marine hull and liability; marine employers’ liability; P&I; yachts; and ports and terminals.

Randall Goss, Chairman of U.S. Risk Insurance Group, said, “We are delighted to welcome Mark and the team to Oxford. They bring a range of exciting new opportunities for the Group and we are looking forward to their continued success.”

StaffPak announces new carrier partner for staffing agency and PEO programs

U.S. Risk’s StaffPak program has partnered with program-driven Markel Specialty to offer property and casualty coverage to the staffing and PEO industries. Markel will provide capacity, oversight, claims handling and loss control, while StaffPak will provide underwriting, policy services, marketing and distribution. The program launched September 1, 2018 in a majority of states, with additional states being added as filings are approved.

Steve Leeret, Managing Director of Programs, Markel Specialty, commented, “We are excited to partner with U.S. Risk’s StaffPak team, who brings with it tremendous industry and program management experience. This partnership fits in well with our strategy to hire seasoned, well managed Program Administrators dedicated to specific niche business classes.”

Matt Parker, President, Markel Specialty, said, “Adding the StaffPak program creates a fantastic growth trajectory for Markel with this distribution partner while building on our Specialty Segmentation strategy. Partnering with U.S. Risk to write the StaffPak program is an example of how the Markel team can effectively bring together the resources to execute on a deal with tremendous pace and resolve.”

Peter Stanislaw, Program Manager for StaffPak, said, “We are very pleased to have Markel as our new long-term partner. Their financial strength, coupled with their commitment to the program business space, will allow us to better serve the needs of our customers.”

Wayne Carter, President of U.S. Risk Underwriters, added, “The Markel partnership will greatly enhance our StaffPak client experience, giving us the ability to further expand our capabilities with a broader appetite and competitive pricing.”

Trireme Insurance Group announces acquisition of MGB Insurance Brokers Limited

Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate alongside Trireme’s existing London brokers, Oxford Insurance Brokers and James Hampden International.

Founded in 2001, and headquartered in London, MGB is a Lloyd’s broker specializing in placing professional indemnity risks for companies in the construction, consulting, accounting, insurance, and other industries.

Randall Goss, Chairman of Trireme Insurance Group, said, “MGB’s approach to its partner brokers and clients is very similar to U.S. Risk’s. They value client service and building a long-term relationship by demonstrating their expert knowledge of their market segments. We are thrilled to have them as part of our group.”

Nick Bender, Joint Managing Director of MGB, said, “Glenn Gostling and I 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 brokers and clients and to expand our client base through the U.S. Risk network of agents.”

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 […]

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 […]

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 […]

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 […]

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 […]