Posted on 31 Aug 2010
U.S. Risk Insurance Group Inc. announced on Monday its acquisition of Florida-located Unisource Program Administrators, a wholesaler of workers' compensation, for an undisclosed sum.
The deal will enable U.S. Risk to double workers' compensation written premium and to add four A-rated national carriers to its markets line-up, the company said in a statement. The takeover is also expected to enable U.S. Risk to offer monoline workers' compensation solutions on a national scale.
According to CEO Randall Goss, the transaction is a "strategic acquisition to enhance our product offerings and expand the production footprint".