Florida-based Unisouce Aquired

Texas. U.S. Risk, a privately owned specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas, today announces the acquisition of Sarasota Florida based Unisource Program Administrators.

The acquisition doubles the size of U.S Risk’s workers’ compensation written premium and adds four A-rated national carriers to its lineup of workers’ compensation markets. Unisource brings over a decade of workers’ comp expertise. The acquisition also allows U.S Risk to offer, on a national basis, stand alone monoline workers’ compensation solutions to most industries.

The specialty workers’ compensation office in Sarasota will continue to operate as Unisource Program Administrators. U.S. Risk will gain the ability to offer additional workers’ compensation markets to its network of 4,000 retail producers. Unisource’s existing distribution network of 1,900 retail producers will benefit from access to the U.S. Risk product portfolio which offers all forms of property, casualty, automobile, umbrella, professional, and risk management products and services.

“Unisource has been seeking this kind of opportunity to better serve our agents by adding other lines of insurance and to continue expanding our workers’ compensation footprint,” said Karen Bolinder, VP of Operations at Unisource Program Administrators. “Taking the best from both companies, we are going to have a one-of-a-kind business model that will serve clients more extensively and efficiently.”