Risk Theory, a specialty insurance platform, announced it has completed the acquisition of Roundhill Express, a specialized managing general agent (MGA) underwriting commercial habitational properties throughout New York City.
Roundhill Express operates in New York City’s commercial habitational market through a proprietary online portal, offering package policies covering property and general liability for one- to 10-unit dwellings, including landlord-tenant, owner-occupied, and mixed-use properties. Its operating model spans underwriting, policy issuance, loss control, and claims administration. Roundhill Express specializes in risk classes that have faced increasing underwriting pressure as many admitted carriers have reduced exposure.
Following the acquisition, Roundhill Express will continue operating under its established brand and remain focused on its core specialty in the New York metropolitan area.
“Partnering with Risk Theory allows us to build on the strong foundation we have established with our broker partners,” said Jim Lambert, founder of Roundhill Express.
Risk Theory
Founded in 2013 and headquartered in Dallas, Risk Theory operates 15 specialty programs across seven brands, with distribution reaching more than 2,000 producers nationwide.
“Risk Theory is built around a simple thesis: identify markets where expertise and discipline are scarce, build the best underwriting platform in that segment, and scale it with the right infrastructure,” said Bryan Wilburn, chairman and CEO of Risk Theory.
The transaction marks Risk Theory’s first MGA acquisition. Policies written through the Roundhill Express platform will be supported by Amherst Specialty Insurance Co., Risk Theory’s affiliated surplus lines carrier.
Amherst Specialty recently completed the acquisition of Jet Insurance Co., now operating as Amherst National Insurance Co. Jet provides primarily surety bonds in the admitted market and joined Amherst Specialty as a 100% wholly owned subsidiary.
Topics
Mergers & Acquisitions
New York
Insurance Wholesale
Property
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