USI Insurance Services (UCI) has completed its previously announced acquisition of U.S. domiciled brokerage, U.S. Risk Insurance Group.
The terms of the transaction were not disclosed, but it’s been revealed that U.S. Risk will keep its Dallas headquarters and will continue to operate independently under its existing brands, U.S. Risk, Oxford, MGB, James Hampden International, Antarah, and UNIS.
The Chief Executive Officer (CEO) of U.S. Risk, Randall Goss, alongside his current leadership team will remain and continue to lead these businesses.
Goss commented on the transaction: “Having completed this transaction, U.S. Risk will continue to accelerate the path we have set for ourselves as a leading program manager and specialty brokerage firm both domestically and internationally. USI maintains an established track record of operating independent, successful program and specialty brokerage businesses.
“We remain committed to the same quality of service and the growth and profitability of our carrier partners and retail agents.”
The deal was originally announced in February of this year, and sees U.S. Risk add to the USI platform with its 16 domestic U.S. and international offices including in the UK, Zurich, and United Arab Emirates.