Specialty insurance brokerage and risk management firm Risk Strategies has acquired Wallace Specialty Insurance Group. The terms of the deal were not disclosed. The addition of Wallace Specialty builds on Risk Strategies overall capabilities in serving medical professionals. Based just outside of Dallas in Richardson, Texas, Wallace Specialty was founded in 2012 by Kyle and Terri Wallace to provide the dental industry with insurance services. The firm creates custom and comprehensive insurance plans for dental service organisations, dentists as well as oral and maxillofacial surgeons. Wallace’s offerings, for these clients, include professional liability, property and general liability, workers’ compensation, management liability, individual and group benefits, among other services. Commenting on the acquisition, Steve Giannone, central region leader at Risk Strategies, says: “Risk Strategies strong, steady success has been built on focused, specialty expertise that helps clients confidently manage an increasingly complex world. Wallace Specialty group will add new specialty expertise to our capabilities.” Kyle Wallace adds: “We know that specialty expertise creates real value for clients and our business. As part of Risk Strategies, we’re able to preserve that specialty focus while expanding our capabilities for existing clients and our appeal to prospective clients.”
