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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.
Published on August 31, 2010
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".
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