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US Risk Insurance Expands Into Reinsurance Brokerage Marketplace

IBR Staff Writer Published 31 December 2009

To operate as reinsurance broker for medium to small insurance carriers, captives, self-insurance funds, and risk retention groups

US Risk Insurance Group, a managing general agency and surplus lines wholesaler, has expanded into the specialty reinsurance brokerage marketplace. The new business Goss Reinsurance Brokers (Goss Re), will be headquartered in Dallas, Texas.

The company said that its new business will operate as a reinsurance broker for medium to small insurance carriers, captives, self-insurance funds, risk retention groups, and other similar specialty insurance operations.

Randall Goss, chairman and CEO of US Risk Insurance Group, said: “Goss Re will start with a strong and well respected parent in US Risk Insurance Group. Our 23 years of insurance business expertise will be utilized to provide personal service and one to one relationships with our insurance clients. We’re excited about the opportunity that this provides us to expand our capabilities and services for our broad base of clients and prospective clients.”

The company has appointed Chris Turner as executive vice president and James Epstein as executive director for the new venture. Mr Turner previously served at Towers perrin and Mr Epstein served at EWI Re.

Mac Wesson, president and chief operating officer of US Risk Insurance Group, said: “We have great expectations for success in this new venture. The significant consolidation in the reinsurance brokerage community has given us this opportunity and an open window to aggressively pursue our target clientele.”

US Risk Insurance Group offers products and services through its affiliate companies which include US Risk Underwriters, US Risk Brokers, Lighthouse Underwriters, Professional Claims Managers, Omnisure Consulting Group, NCG Professional Risks, and NovaPro Risk Solutions.