Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Wholesaler buys insurance agents professional lines MGA

Reprints
Acquisition

Wholesaler U.S. Risk LLC said Friday it has acquired Houston-based U.S. E&O Brokers, a wholesaler and managing general agency that focuses on professional lines coverage for insurance agents.

Terms of the transaction were not disclosed.

The U.S. E&O team will join Dallas-based U.S. Risks’ special programs division, according to a statement issued by U.S. Risk.

USI Insurance Services LLC said in February it had reached an agreement to acquire U.S. Risk.

U.S. Risk is the seventh-largest wholesaler, according to Business Insurance’s latest ranking, with $728 million in premium volume and gross revenue of $62.8 million in 2017.

 

Read Next

  • USI to buy wholesaler US Risk Insurance

    USI Insurance Services LLC has reached an agreement to acquire wholesaler U.S. Risk Insurance Group Inc., in a deal that significantly boosts its presence in the wholesale business.