US Risk Insurance Group, a managing general agency and surplus lines wholesaler, has acquired American Special Risk Insurance Services (ASR) in California.
Following the acquisition, ASR, a managing general agent for professional liability and miscellaneous healthcare risks, will become a subsidiary of US Risk of California and will report to the US Risk Underwriters Healthcare Division, which offers program underwriting for healthcare accounts.
According to US Risk, the healthcare product portfolio includes professional and general liability, automobile, umbrella, as well as risk management products and services for a vast array of healthcare risks.
In addition to the healthcare division, US Risk also has specialty underwriting programs for entertainment, staffing, energy, parking and valet services and financial services.
US Risk Insurance Group chairman and CEO Randall Goss said this acquisition provides the firm to expand the footprint in California.