Risk Theory takes over Roundhill Express

Risk Theory, a specialty security level based successful Dallas, US, has acquired Roundhill Express, a managing wide cause (MGA) specialising successful commercialized habitational spot security wrong New York City.

This transaction is Risk Theory's archetypal MGA acquisition and forms portion of its broader strategy to grow wrong specialised security markets.

Policies offered done Roundhill Express volition present beryllium backed by Amherst Specialty Insurance Company, a surplus lines bearer affiliated with Risk Theory.

Amherst Specialty Insurance precocious added Jet Insurance Company, present Amherst National Insurance Company, to its bearer platform.

Roundhill Express uses an online portal to administer bundle policies covering spot and wide liability for tiny habitational buildings, including landlord-tenant, owner-occupied and mixed-use properties.

The company’s operations span underwriting, argumentation issuance, nonaccomplishment power and claims management.

Roundhill Express was created to code challenges successful insuring habitational properties successful New York City.

Roundhill Express laminitis Jim Lambert said: "Partnering with Risk Theory allows america to physique connected the beardown instauration we person established with our broker partners.

"This transaction supports the semipermanent stableness of the level and positions america to proceed investing successful underwriting capabilities and broker support."

Post-acquisition, Roundhill Express volition clasp its marque and proceed serving the New York metropolitan market.

Risk Theory indicated that the acquisition volition pass its aboriginal attack to maturation done further acquisitions successful the specialty property, casualty and nonrecreational security sectors.

Risk Theory CEO and president Bryan Wilburn commented: "The acquisition of Roundhill Express is the archetypal impervious constituent of our M&A [mergers and acquisitions] strategy, and we are excited to invited Jim and his squad into the Risk Theory family.

"Jim has built thing genuinely differentiated successful 1 of the astir demanding security markets successful the country, and it matters to maine personally that the bequest helium has created continues to turn wrong our platform. This is the benignant of founder-built concern we privation to spouse with."

Established successful 2013, Risk Theory operates 15 specialty programmes nether 7 brands. Its web includes much than 2,000 producers crossed the US.

The institution has traditionally focused connected gathering caller underwriting businesses internally and is present extending its enactment to acquisitions.

"Risk Theory takes implicit Roundhill Express" was primitively created and published by Life Insurance International, a GlobalData owned brand.