United Risk has completed the acquisition of Verita CSG and its associated portfolio of risks from WTW, rebranding the business as Verist LLC and keeping all staff and leadership in place across its US, Mexico, Mumbai and Manila offices.

Michael Chang has been appointed chief executive of Verist and will lead the venture from its new base in New York.

Rick Christofer, chief commercial officer at United Risk, said: “Verist will sustain and grow its presence as a top MGA for business risks in real estate, hospitality, leisure, financial institutions, professional services, and life sciences including property, general liability, workers’ compensation, auto, umbrella/excess liability, and financial lines coverages. Verist’s specialty product offerings will continue to include active assailant, clinical trials, pandemic, and other such in-demand features, giving Verist a decided edge as a market specialist.”

Chang welcomed the acquisition, adding: “United Risk is a large organisation dedicated exclusively to underwriting and distribution. This well-timed and carefully planned transition will result in no interruption whatsoever, and strengthens our ability to deliver tailored, agile solutions that empower brokers, agents and clients to manage their unique risks with clarity and confidence."

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