United Risk acquires Verita CSG from WTW

United Risk, a subsidiary of Applied Underwriters, has acquired Verita CSG, the MGU subsidiary of Willis Towers Watson, along with its portfolio of risks.

Verita will be rebranded to Verist and Michael Chang will become the new CEO.

The MGU was launched in October 2023 to provide coverage to the real estate, hospitality & leisure, finance, and professional services industries.

“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.” – Rick Christofer, Chief Commercial Officer, United Risk.

“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.” – Michael Chang, CEO of Verist.