United Risk Acquires Portfolio from Willis Towers Watson to Enhance Insurance Offerings
- United Risk acquired a portfolio and Verita CSG, Inc. from Willis Towers Watson, rebranding it as Verist LLC.
- Verist will focus on tailored insurance products for specific business risks, enhancing United Risk's service offerings.
- This acquisition signifies United Risk's strategic shift towards specialized risk management in a competitive insurance market.
United Risk Expands Portfolio with Strategic Acquisition from Willis Towers Watson
In a noteworthy development within the insurance industry, United Risk announces its acquisition of a diverse portfolio of risks and the legal entity Verita CSG, Inc. from Willis Towers Watson (WTW), rebranding the venture as Verist LLC. This strategic move, effective August 1, 2025, emphasizes United Risk's commitment to enhancing its service offerings while retaining the existing leadership and staff of Verita. The new entity will operate with an established team that is well-versed in the complexities of the insurance landscape, ensuring continuity in operations and customer service as it integrates into United Risk's broader infrastructure, which spans the US, Mexico, Mumbai, and Manila.
The acquisition positions Verist as a specialized managing general agent (MGA), focusing on tailored insurance products that address specific business risks. Under the leadership of industry veteran Mr. Michael Chang, who takes on the role of CEO, Verist aims to deliver innovative solutions in key sectors such as real estate, hospitality, financial institutions, and life sciences. Chief Commercial Officer Rick Christofer highlights that this move is designed to enhance United Risk's focus on the middle market and large account admitted business. By introducing specialized offerings, including active assailant, clinical trials, and pandemic coverage, Verist is poised to meet the evolving needs of its clients in a dynamic risk environment.
Chang expresses optimism about Verist's trajectory, citing a robust underwriting and distribution strategy that will facilitate seamless transitions for clients and brokers alike. He underscores United Risk's commitment to delivering agile solutions that empower stakeholders to navigate their unique risk profiles. By reinforcing partnerships grounded in trust and performance, United Risk aims to solidify its market position and reputation for excellence. The anticipated full integration of Verist’s operations is expected to streamline placements and renewals, further demonstrating United Risk's dedication to client service.
In addition to bolstering United Risk's portfolio, this acquisition signifies a strategic shift in the company’s approach to risk management. By focusing on specialized products and maintaining a strong brand identity, United Risk aims to differentiate itself in a competitive marketplace. The collaboration with Verist is not just an expansion, but a strategic alignment that promises enhanced capabilities in an increasingly complex global insurance environment.
United Risk, an international property and casualty insurance underwriting and distribution platform, is set to leverage Verist’s expertise to strengthen its offerings. As the insurance landscape evolves, this acquisition reflects a proactive approach to meeting industry challenges while reinforcing United Risk’s commitment to excellence and innovation. The move illustrates a broader trend in the industry towards specialization and adaptability, positioning United Risk for future growth.