U.S. Risk Announces Acquisition of Strategic Insurance Underwriters

Business Wire

DALLAS--(BUSINESS WIRE)-- 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.”

About U.S. Risk Insurance Group, LLC

U.S. Risk Insurance Group, 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 Solutions, 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).