U.S. Risk announces acquisition of Regency Insurance Brokerage Services

U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA, announced today that it has acquired Regency Insurance Brokerage Services (“Regency”), a wholesale broker and MGA headquartered in Hallandale, Florida, with additional locations in New York, New Jersey and South Carolina. The Regency team will join U.S. Risk Brokers, the wholesale brokerage division of U.S. Risk. Terms of the transaction were not disclosed.

Commenting on the transaction, Paul A. Riemer, chief executive officer of Regency, shared: “We are excited to join the U.S. Risk family of companies. We view this acquisition as a very positive event for our employees and are looking forward to being able to better serve our agents with the additional markets, products, and resources available through U.S. Risk.”

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U.S. Risk announces acquisition of U.S. E&O Brokers

U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA, announced today that it has acquired U.S. E&O Brokers (“U.S. E&O”), a wholesale broker and MGA focused on delivering professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, with additional locations in Connecticut, Colorado, and New Mexico. The U.S. E&O team will join U.S. Risk Underwriters, the specialty programs division of U.S. Risk. Terms of the transaction were not disclosed.

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U.S. Risk finalizes acquisition agreement with USI Insurance Services

U.S. Risk Insurance Group (U.S. Risk), one of the nation’s largest property and casualty program and specialty brokerage firms, today announced the completion of its previously announced agreement to be acquired by USI Insurance Services (USI), a leading insurance brokerage and consulting firm. Terms of the transaction were not disclosed.

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U.S. Risk enters into agreement to be acquired

U.S. Risk Insurance Group (U.S. Risk), one of the nation’s largest property and casualty program and specialty brokerage firms, announced that it has entered into a definitive agreement to be acquired by USI Insurance Services (USI), a leading insurance brokerage and consulting firm. The transaction is expected to close in the second quarter of 2019, subject to customary conditions and regulatory requirements.

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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.”

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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.”

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

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 […]