U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of Regency Insurance Brokerage Services, a Florida-based wholesale brokerage and Managing General Agent.
Though terms of the sale have not been disclosed, it has been confirmed that the Regency team will join U.S. Risk Brokers, the wholesale brokerage division of U.S. Risk.
Commenting on the transaction, Paul A. Riemer, Chief Executive Officer of Regency said, “We are excited to join the U.S. Risk family of companies.
“We view this acquisition as a very positive event for our employees and are looking forward to being able to better serve our agents with the additional markets, products, and resources available through U.S. Risk.”
Randall G. Goss, CEO for U.S. Risk, added, “We look forward to welcoming Regency to the U.S. Risk team.
“Their entrepreneurial culture and passion for delivering quality service to their retail agency clients fits very well with U.S. Risk, and we are excited to expand U.S. Risk’s footprint in the territories currently served by Regency.”