Woodland Hills, Calif.-based American Special Risk Insurance Services has been acquired by managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc.
American Special Risk is a managing general agent for professional liability and miscellaneous healthcare risks.
American Special Risk Insurance Services will become a subsidiary of U.S. Risk of California Inc. and will report to the U.S. Risk Underwriters Healthcare Division, which offers program underwriting for healthcare accounts.
The Dallas-based U.S. Risk’s healthcare product portfolio includes professional and general liability, automobile, umbrella, as well as risk management products and services. U.S. Risk also has specialty underwriting programs for entertainment, staffing, energy, parking and valet services and financial services.
Topics Mergers & Acquisitions USA California
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