Wholesaler U.S. Risk Acquires Boston Insurance Brokerage

U.S. Risk Insurance Group, Inc., a managing general agency and surplus lines wholesaler headquartered in Dallas, has expanded into New England by acquiring Boston Insurance Brokerage, Inc. in Boston.

Boston Insurance Brokerage (www.bostonbrokerage.com) is a wholesale property and casualty broker with a production base of more than 800 producers in New England and estimated premiums of $40 million. The company has five divisions – Property, Casualty, Healthcare, Workers’ Compensation and Executive & Professional Liability.

Boston Insurance Brokerage will become a subsidiary of U.S. Risk Brokers, the division of U.S. Risk that offers wholesale excess and surplus lines.

Gordon Bewick, president of Boston Insurance Brokerage, and his staff will stay on at Boston Insurance Brokerage, retaining that trade name for a least a year. Financial terms of the acquisition were not disclosed.

U. S. Risk Insurance Group, Inc. offers its products and services through its affiliate companies which include U.S. Risk Underwriters, U.S. Risk Brokers, Lighthouse Underwriters, LLC, Professional Claims Managers, Omnisure Consulting Group, NCG Professional Risks Ltd. (London), and NovaPro Risk Solutions, LP.

Source: U.S. Risk
www.usrisk.com

Topics Mergers & Acquisitions USA Agencies