Full leadership and staff remain in place across offices in the US, Mexico, Mumbai and Manila, as pace of placements and renewals is expected to accelerate
NEW YORK — Mr. Rick Christofer, Chief Commercial Officer for United Risk, today announced that United Risk has acquired a portfolio of risks along with the Verita CSG, Inc. legal entity from WTW and branded the new venture as Verist LLC (“Verist”) keeping former Verita leadership, staff and operations associated with the portfolio fully intact and seamlessly functional as renewals and new placements are processed in their US, Mexico, Mumbai and Manila offices. Top industry veteran Mr. Michael Chang joins to lead as CEO of Verist, now based at 50 Rockefeller Plaza in New York. The transaction closed on Friday, August 1, 2025.
According to Mr. Christofer, this latest addition to United Risk’s portfolio of MGAs deepens its focus on middle market and large account admitted business in specific sectors: “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.”
Mr. Chang expressed great optimism for Verist, pointing to United Risk’s specialized talent and support systems: “United Risk is a large organization 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. We are the market of choice because we deeply understand our clients’ business, craft precise solutions for their challenges, and provide unparalleled support throughout the policy lifecycle. We don’t just deliver insurance—we build enduring partnerships grounded in trust, performance, and a commitment to excellence.”
Mr. Chang concluded, “Our entire staff joins me in expressing our delight at this advance of our market position.”
SOURCE Applied Underwriters
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