U.S. Risk Insurance Group, LLC, the nation’s sixth 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.”