US Risk acquires MGA

US Risk Insurance Group, a specialty lines underwriting manager and wholesale broker, has acquired American Underwriting Managers (AUM).

AUM is a Texas-based managing general agency (MGA) and wholesale insurance broker, serving the needs of retail insurance agents and insureds primarily in Texas and the surrounding states.

"We look forward to the impact of AUM in the continued expansion of our market presence and the ability to better serve our clients,” said Randall Goss, chief executive officer of US Risk.

“Working with the team of quality underwriters at AUM we will enhance our current market relationships.”

Ken Boyd, president of AUM, added: “AUM’s mission has always been to provide the best service to our agent partners. We are excited to be part of US Risk and we know the opportunity will present an even better opportunity to serve our agents with the additional markets and facilities that US Risk provides.”