Aug 3, 2016 – US Risk acquires Continental Marine Insurance Services

U.S. Risk L.L.C. Acquires Continental Marine
Insurance Services
Aug 3, 2016 – DALLAS–(BUSINESS WIRE)–U.S. Risk L.L.C., the nation’s sixth
largest Property and Casualty wholesaler, announced that it has acquired Continental
Risk Insurance Services DBA: Continental Marine Insurance Services (Continental).
Continental is a Lodi, California-based Wholesale Insurance Broker. For 12 years,
Continental has served the needs of retail insurance agents and insureds alike in the
placement of casualty, property and financial services products. With numerous carrier
partners and a personal relationship driven culture, Continental has been a leader in
placing marine insurance for both commercial and personal marine-related risks such as
marinas, boat dealers, boat manufacturers, boat repairers and yacht brokers.
Randall Goss, Chairman and Chief Executive Officer of US Risk, stated, “We are pleased
to bring the people and expertise of Continental to the U.S. Risk Group of companies.
Together with our expansive market capabilities and their focus on the marine insurance
business, we will be in a position to better serve our clients.”
Ed Bordenave, President of Continental, said, “We are very excited about this merger and
are looking forward to better serving our agency force with the additional markets U.S.
Risk has available.”
Jeana Ramos of Continental said, “Since the origination of Continental Risk 12 years
ago, we have always kept the needs of our customers as the driving force behind all of
our decisions. With that being said, this holds true once more with our decision to join
forces with U.S. Risk L.L.C. This is a tremendous opportunity to be able to greatly
expand our market access and open up endless possibilities in our product offerings.
Also, you will be dealing with the same friendly staff continuing to provide great
service.”
About U.S. Risk Insurance Group
U.S. Risk Insurance Group, Inc. (www.usrisk.com) is a leading international specialty
lines underwriting manager and wholesale broker headquartered in Dallas, Texas.
Operating 16 domestic and international branches, it offers a broad range of products and
services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk
Brokers, U.S. Risk Financial Services, Oxford Insurance Brokers, Ltd. (UK), James
Hampden International Insurance Brokers Ltd. (UK), Antarah FZE (UAE), and Abraxas
Insurance A.G. (Zurich, Liechtenstein). For more information on U.S. Risk, please
contact Randall Goss at 800-232-5000.
Mystic Capital Advisors Group, LLC represented Continental in the transaction. For
more information on Mystic Capital, please contact Kevin P. Donoghue at 212-251-0972
or visit www.mysticcapital.com.