Announced
Completed
Synopsis
United Risk, a property and casualty insurance underwriting and distribution platform, completed the acquisition of Pinnacle Underwriting, a specialty facultative reinsurance MGA. Financial terms were not disclosed. "The acquisition of Pinnacle puts United Risk squarely within the top five largest MGAs in the world. United Risk has consistently produced solid, profitable results all across its many divisions while expanding and strengthening its MGA platforms. Now, United Risk has achieved a diversified scale and geographic reach matched by few, if any, of its peers," Hayden Smith, United Risk Regional CEO.
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