Specialty insurance brokerage Risk Strategies has announced that it has acquired Texas-based Wallace Specialty Insurance Group. Terms of the transaction were not disclosed.
Wallace Specialty was founded in 2012 to provide insurance services for the dental industry. The firm creates customized insurance plans for dental service organizations, dentists, and oral and maxillofacial surgeons. Wallace Specialty’s offerings include professional liability, property and general liability, workers’ compensation, management liability, individual and group benefits, and more. The firm 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,” said Steve Giannone, Risk Strategies central region leader. “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 said. “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 recognized authority on dental practice risk management and malpractice claims prevention, and a frequent lecturer on both subjects. He has taught the risk management portion of the Academy of General Dentistry’s master track program in Dallas, written several articles for Doctor of Dentistry magazine, and was a contributing author for the book The Practice Launchpad.
Wallace Specialty has exclusive relationships with leading insurance companies in several states and counts more than 6,000 dentists as clients.