United Risk Acquires Crisis Management Program for Enhanced Offerings
United Risk has formalized an agreement to acquire the Crisis Management program and corresponding underwriting team from DUAL North America, setting the stage for First Product Protection, a new, autonomous division. This strategic acquisition enhances United Risk's offerings by integrating Product Recall and Contaminated Products coverage into its portfolio. It targets sectors including food and beverage, transportation, electronics, and communication equipment, showcasing United Risk's commitment to robust risk management.
Leadership Transition and Operational Continuity
United Risk's CEO, Hayden Smith, assured a seamless transition as founders Mark LeBlanc and Robley Moor assume pivotal roles within First Product Protection. The leadership integration retains existing program management, underwriting, and claims staff, thereby ensuring uninterrupted operations for brokers and insured clients. Chairman Jamie Sahara reinforced that this acquisition aligns with United Risk's strategic focus on quality and diversification.
Strategic Realignment and Market Focus
DUAL North America’s CEO, John Johnson, cited the divestment as part of a strategic realignment to refocus on core growth sectors, including property, casualty, and emerging specialty markets. With First Product Protection under United Risk's stewardship, LeBlanc will manage New York operations from United Risk’s Rockefeller Plaza office, while Moor brings his expertise to the London office, enhancing the team's specialty underwriting and regulatory compliance capabilities.
The acquisition, advised by Howden Capital Markets & Advisory, is expected to close in early 2026. United Risk Global continues to focus on international property and casualty insurance underwriting, maintaining strategic relationships while operating independently in the competitive insurance industry landscape.