Applied Underwriters completes spin-off of United Risk

Applied Underwriters announced that its subsidiary, United Risk, has been established as an independent, stand-alone operating company.

United Risk, which remains affiliated with Applied and its related companies, has grown “dramatically” since its unveiling in November 2023 and provides a global P&C underwriting platform comprised of 28 different MGA and MGU programs, spanning more than 30 offices around the world, including New York, London and Paris, with more than 250 insurance professionals.

“I see a bright future of potential for United Risk and its leadership team who have embraced in earnest a spirited confidence to build out the best business possible. At the same time, United Risk continues to enjoy strategic partnerships with the other Applied affiliates which have proven, deep resources giving United Risk an advantage over its direct competitors as it develops on its own in difficult areas such as cyber security, IT development, artificial intelligence and branding.” – Jamie Sahara, President of Applied Underwriters.

“Applied has facilitated and incubated every step of United Risk’s platform for growth up to this point. Now, there is much new ground to cover and new vistas to explore as we emerge as an insurance and financial powerhouse. Our entire team, and all of the program partners, are optimistically upbeat and ready for the challenges ahead.” – United Risk’s CFO, Alex Amezquita.