U.S. Risk L.L.C. Acquires Continental Marine Insurance Services

Business Wire

DALLAS--(BUSINESS WIRE)-- U.S. Risk L.L.C., the nation’s sixth largest Property and Casualty wholesaler, announced that it has acquired Continental Risk Insurance Services DBA: Continental Marine Insurance Services (Continental).

Continental is a Lodi, California-based Wholesale Insurance Broker. For 12 years, Continental has served the needs of retail insurance agents and insureds alike in the placement of casualty, property and financial services products. With numerous carrier partners and a personal relationship driven culture, Continental has been a leader in placing marine insurance for both commercial and personal marine-related risks such as marinas, boat dealers, boat manufacturers, boat repairers and yacht brokers.

Randall Goss, Chairman and Chief Executive Officer of US Risk, stated, “We are pleased to bring the people and expertise of Continental to the U.S. Risk Group of companies. Together with our expansive market capabilities and their focus on the marine insurance business, we will be in a position to better serve our clients.”

Ed Bordenave, President of Continental, said, “We are very excited about this merger and are looking forward to better serving our agency force with the additional markets U.S. Risk has available.”

Jeana Ramos of Continental said, “Since the origination of Continental Risk 12 years ago, we have always kept the needs of our customers as the driving force behind all of our decisions. With that being said, this holds true once more with our decision to join forces with U.S. Risk L.L.C. This is a tremendous opportunity to be able to greatly expand our market access and open up endless possibilities in our product offerings. Also, you will be dealing with the same friendly staff continuing to provide great service.”

About U.S. Risk Insurance Group

U.S. Risk Insurance Group, Inc. (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).