Specialty insurance coverage brokerage Risk Strategies has introduced that it has acquired Texas-based Wallace Specialty Insurance Group. Terms of the transaction weren’t disclosed.
Wallace Specialty was based in 2012 to offer insurance coverage providers for the dental business. The agency creates personalized insurance coverage for dental service organizations, dentists, and oral and maxillofacial surgeons. Wallace Specialty’s choices embody skilled legal responsibility, property and common legal responsibility, employees’ compensation, administration legal responsibility, particular person and group advantages, and extra. The agency is led by founders and principals Kyle and Terri Wallace.
“Risk Strategies’ strong, steady success has been built on focused, specialty expertise that helps clients confidently manage an increasingly complex world,” mentioned Steve Giannone, Risk Strategies central area chief. “Wallace Specialty Group will add new specialty expertise to our capabilities, and we see great potential to help their team build their business in new ways.”
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The addition of Wallace Specialty bolsters Risk Strategies’ capabilities in serving medical professionals.
“We know that specialty expertise creates real value for clients and our business,” Kyle Wallace mentioned. “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.”
Kyle Wallace is a acknowledged authority on dental follow danger administration and malpractice claims prevention, and a frequent lecturer on each topics. He has taught the chance administration portion of the Academy of General Dentistry’s grasp monitor program in Dallas, written a number of articles for Doctor of Dentistry journal, and was a contributing writer for the ebook The Practice Launchpad.
Wallace Specialty has unique relationships with main insurance coverage firms in a number of states and counts greater than 6,000 dentists as purchasers.