All Risks Acquires Florida-Based Specialty Risk Underwriters

All Risks, Ltd., a nationwide independent wholesaler, has acquired Specialty Risk Underwriters (SRU), a national program administrator based in St. Petersburg, Fla. Specialty Risk Underwriters has developed a variety of accident insurance plans and national comprehensive packages for sports organizations, school districts, colleges/universities, camps, special events and even individual students. SRU joined All Risks, Ltd. effective November 1, 2015. Terms of the transaction were not disclosed.

Kent and JoAnna Lynch, founders of Specialty Risk Underwriters, have joined the Alive Risk division of the National Specialty Programs unit of All Risks as directors of the Accident Medical Programs. They will continue to operate from St. Petersburg, running the operations, marketing and underwriting of their national products.

Accident medical products are available to students of intercollegiate sports, public, private, and parochial schools; catastrophic accident for schools and sports organizations; accident for athletes, coaches, trainers and invited guests; accident for volunteers and staff members of childcare programs; accident for volunteers at events, as well as K-12 voluntary student accident plans. International travel medical insurance is also available.

Comprehensive packages are available to a variety of organizations, such as single and large amateur sports teams, sports associations, special events, group activities and social clubs, as well as a variety of camping organizations. Packages include general liability, participant liability, accident medical, additional insured coverage, liquor liability, abuse/molestation liability, directors and officers liability, property damage, non-owned hired auto liability, and equipment.

All Risks, Ltd., based in Hunt Valley, Md., offers comprehensive insurance products with a full service platform of brokerage, contract binding, exclusive national programs and specialty personal lines products for retail insurance agents and brokers nationwide. The firm’s offices are located in Maryland, Arizona, California, Colorado, DC, Florida, Georgia, Illinois, Indiana, Louisiana, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia and Washington.

Topics Florida Mergers & Acquisitions Excess Surplus Underwriting