United Risk Acquires Verita CSG and Takes on WTW Risks

United Risk has acquired Verita CSG and risks from Willis Towers Watson. The acquisition is expected to expand United Risk's risk and insurance solutions for clients. Verita CSG provides risk management and insurance solutions for clients in various industries. The deal is expected to enhance United Risk's capabilities and provide greater value to clients.

United Risk has expanded its risk management and insurance solutions portfolio by acquiring Verita CSG, Inc. from Willis Towers Watson (WTW). The acquisition, announced on August 1, 2025, includes Verita CSG's legal entity and associated portfolio of risks. This strategic move is expected to enhance United Risk's capabilities and provide greater value to clients.

The acquisition maintains Verita CSG's leadership and staff across offices in the US, Mexico, Mumbai, and Manila, ensuring continuity for clients, agents, and brokers. The new venture, branded as Verist LLC, will continue to operate under the former Verita leadership and staff, with no disruption to existing operations. United Risk's Chief Commercial Officer, Mr. Rick Christofer, highlighted the deepening of United Risk's focus on middle market and large account admitted business in specific sectors, including real estate, hospitality, leisure, financial institutions, professional services, and life sciences.

Verist will sustain and grow its presence as a top Middle Market Group (MGA) for business risks, offering a range of coverages including property, general liability, workers' compensation, auto, umbrella/excess liability, and financial lines. Specialty product offerings such as active assailant, clinical trials, and pandemic insurance will continue to be provided, giving Verist a competitive edge as a market specialist.

The transaction closed on August 1, 2025, and is expected to accelerate the pace of placements and renewals. Top industry veteran Mr. Michael Chang has joined Verist as CEO, based at 50 Rockefeller Plaza in New York. Mr. Chang expressed optimism about the transition, emphasizing United Risk's specialized talent and support systems. He noted that the acquisition will result in no interruption and strengthen Verist's ability to deliver tailored, agile solutions.

Brown & Brown, Inc. (BRO) has also recently completed the acquisition of Accession Risk Management Group, Inc., further enhancing its ability to offer scalable and innovative insurance solutions. This acquisition aligns with United Risk's strategic goal to expand its market position and provide clients with enhanced risk management capabilities.

References:
[1] https://www.prnewswire.com/news-releases/united-risk-acquires-verita-csg-from-wtw-ensuring-continuity-for-all-clients-agents-and-brokers-under-new-verist-brand-302520028.html
[2] https://www.nasdaq.com/articles/brown-brown-completes-acquisition-accession-risk-management-group