United Risk Acquires Verita CSG from WTW, Ensuring Continuity for All Clients, Agents and Brokers Under New Verist Brand

Full leadership and staff remain in place across offices in the US, Mexico, Mumbai and Manila, as pace of placements and renewals is expected to accelerate

New York, New York -- August 4, 2025 -- Mr. Rick Christofer, Chief Commercial Officer for United Risk, today announced that United Risk has acquired a portfolio of risks along with the Verita CSG, Inc. legal entity from WTW (NASDAQ: WTW) and branded the new venture as Verist LLC (”Verist”) keeping former Verita leadership, staff and operations associated with the portfolio fully intact and seamlessly functional as renewals and new placements are processed in their US, Mexico, Mumbai and Manila offices. Top industry veteran Mr. Michael Chang joins to lead as CEO of Verist, now based at 50 Rockefeller Plaza in New York. The transaction closed on Friday, August 1, 2025.

According to Mr. Christofer, this latest addition to United Risk’s portfolio of MGAs deepens its focus on middle market and large account admitted business in specific sectors: “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.”

Mr. Chang expressed great optimism for Verist, pointing to United Risk’s specialized talent and support systems: “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.”

Mr. Chang concluded, “Our entire staff joins me in expressing our delight at this advance of our market position.”

For further information, contact press@unitedrisk.global.

About United Risk Global (www.unitedrisk.global)
United Risk Global® is an international property and casualty insurance underwriting and distribution platform independently owned and operated by its practice partners and affiliated with Applied Underwriters operationally and through its common and powerful brand identity. United Risk’s home office is located at 50 Rockefeller Plaza in New York.

About Verist (www.veristinc.com)
Verist is a licensed property and casualty insurance agency in all states where its products are offered. With a focus on industry specialization, Verist delivers purpose-built insurance solutions to clients in the real estate, hospitality, leisure, financial institutions, professional services, and life sciences sectors. The Company underwrites on behalf of select, non-affiliated insurance carriers rated A (Excellent) or better by AM Best, subject to pre-approved underwriting guidelines.

About WTW (www.wtwco.com)
WTW (NASDAQ: WTW) provides data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of colleagues serving 140 countries and markets, WTW helps organizations sharpen their strategies, enhance organizational resilience, motivate their workforces and maximize performance.

Working shoulder to shoulder with clients, WTW uncovers opportunities for sustainable success—and provides perspective that advances clients’ interests.