Following completion of the deal, the unit will be renamed First Product Protection and operate as an independent division within United Risk, adding product recall and contaminated product coverage to the company’s portfolio. Target sectors include food and beverages, transportation, consumer and industrial electronics, among others. This acquisition reflects United Risk’s strategy to expand specialty insurance offerings and enter the product risk area, which includes coverage for losses caused by product contamination or recalls. The addition of the crisis management team provides the company with established underwriting expertise and client relationships in areas where such risks are becoming increasingly relevant.
United Risk to acquire DUAL North America’s crisis management program & more related News Here
