Risk Strategies buys dental-focused insurer

Specialty brokerage RSC Insurance Brokerage Inc., dba as Risk Strategies Co., on Thursday said it had acquired Wallace Specialty Insurance Group.

Terms of the deal were not disclosed.

Richardson, Texas-based Wallace Specialty was founded in 2012 and focuses on dental practice risk management and malpractice claims prevention, a statement said, and counts over 6,000 dentists as clients.

Offerings include professional liability, property and general liability, workers compensation, management liability, and individual and group benefits.

The Wallace website shows nine employees led by founders and principals Kyle and Terri Wallace.

Steve Giannone, Risk Strategies central region leader, said in a statement Wallace Specialty will add new specialty expertise. Risk Strategies serves medical professionals through its national health care practice, according to the statement.

RSC Insurance Brokerage Inc. is the 16th-largest broker of U.S. business, according to the most recent Business Insurance rankings.