U.S. Risk, a privately owned specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas, has acquired the Sarasota, Fla.-based Unisource Program Administrators. The acquisition doubles the size of U.S. Risk's workers' compensation written premium, adds four "A"-rated national carriers to its lineup of workers' compensation market,s as well as brings over a decade of workers' comp expertise. The acquisition also allows U.S Risk to offer, on a national basis, stand alone mono-line 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.
