United Risk Acquires WTW’s Verita, Rebrands as Verist to Expand Specialty Insurance

United Risk, a managing general agent (MGA), has acquired the Verita CSG legal entity and its portfolio of risks from WTW. Following the acquisition, the venture has been rebranded as Verist, retaining its original leadership and workforce across offices in the U.S., Mexico, Mumbai, and Manila. Michael Chang has been appointed CEO of Verist, overseeing its specialized insurance offerings targeted at sectors such as financial institutions, hospitality, life sciences, professional services, and real estate.

Verist will continue to provide specialty insurance products, including coverage for active assailant events, clinical trials, and pandemics. United Risk's Chief Commercial Officer highlighted these in-demand offerings as a competitive advantage in the market. Additionally, United Risk has recently launched Thriver, a division focused on real estate insurance products like security deposit waiver insurance. The acquisition aims to enhance underwriting and distribution capabilities with no interruption to existing client services.