Risk Strategies Acquires Texas’ Wallace Specialty

Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Wallace Specialty Insurance Group. Terms of the deal were not disclosed.

Based just outside of Dallas in Richardson, Texas, Wallace Specialty was founded in 2012 to provide the dental industry with the best-in-class insurance services. The firm creates custom, comprehensive insurance plans for dental service organizations, dentists, and oral and maxillofacial surgeons. Wallace’s offerings, for these clients, include professional liability, property and general liability, workers’ compensation, management liability, individual and group benefits, among others.

“Risk Strategies strong, steady success has been built on focused, specialty expertise that helps clients confidently manage an increasingly complex world,” said Steve Giannone, Risk Strategies central region leader. “Wallace Specialty group will add new specialty expertise to our capabilities, and we see great potential to help their team build their business in new ways,” he added.

Led by its founders and principals, Kyle and Terri Wallace, Wallace Specialty’s core team of insurance professionals use their deep industry expertise to successfully compete against much larger, national insurance brokerages in their region. The addition of Wallace Specialty builds on Risk Strategies overall capabilities in serving medical professionals. Risk Strategies National Health Care Practice is a market leader and operates as a fully integrated practice across product lines and geographies.

Topics Mergers & Acquisitions Texas Liability Excess Surplus