U.S. Risk Insurance Group Acquires Matias Underwriters in Boston

U.S. Risk Insurance Group Inc., a managing general agency and surplus lines wholesaler based in Dallas, announced that it has acquired Matias Underwriters LLC in Boston. Terms of the transaction were not disclosed.

Matias Underwriters is a workers’ compensation program administrator providing underwriting, marketing, and policy management services for its carrier partners.

As part of the transaction, U.S. Risk has named Glenn Matias, who has been serving as Matias Underwriters’ president and chief executive officer, as National Practice leader and vice president for the Workers’ Compensation Division of U.S. Risk.

Matias will manage the Boston, Dallas, Houston and Sarasota, Fla., Workers’ Compensation Divisions which have the ability to write both primary and excess workers’ comp for an expanded number of classes in all 50 states.

Matias brings with him over 27 years of experience in the insurance industry and specializes in developing and managing workers’ comp niche programs. At U.S. Risk, he will focus on increasing overall workers’ comp writings by reinvigorating and strengthening U.S. Risk’s current carrier relationships and expanding the carrier lineup specifically designed for the workers’ comp needs of underserved markets and industries, the announcement said.

Topics USA Mergers & Acquisitions Workers' Compensation Underwriting