U.S. Risk Insurance Group, a wholesale broker headquartered in Dallas, has acquired E.M. Morrow Insurance General Agency in Oakland, Calif., U.S. Risk announced today. Terms of the deal were not released.
U.S. Risk's California operations would expand with the acquisition, the company said, noting that E.M. Morrow has served the state's property-casualty market for 30 years, specializing in property and general liability insurance for a variety of risks.
The agency's management, including David Barkley, principal, will continue to operate E.M. Morrow.
The general agent will become a subsidiary office of U.S. Risk of California, which does business as USRisk Brokers Insurance Services Inc. and is headquartered in Irvine, Calif.
U.S. Risk Insurance Group currently operates 12 domestic and international branches.
U.S. Risk's brokerage and underwriting divisions offer wholesale excess and surplus lines with a wide range portfolio covering property, casualty, liability and risk management products and services. In addition, the company specializes in health care liability, contractors, liquor liability, habitational, oil and gas, professional liability, aviation, product liability and financial services coverage.
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