U.S. Risk Insurance Group, the eighth largest managing general agency and surplus line wholesaler in the nation, acquired American Special Risk Insurance Services to expand its California presence.

Woodland Hills, Calif.-based American Special Risk (ASR) is a managing general agent for professional liability and miscellaneous health care risks.

Financial terms of the deal with Dallas-based U.S. Risk were not disclosed.

“American Special Risk is a strong and well-respected California MGA that offers similar professional lines to those of U.S. Risk,” said Randall Goss, chairman and CEO of U.S. Risk Insurance Group, in a statement. “We’re excited about the opportunity that this acquisition provides us to expand our footprint in California.”

He added that acquisitions remain “a key component of the U.S. Risk growth strategy.”

American Special Risk Insurance Services will become a subsidiary of U.S. Risk of California and will report to the U.S. Risk Underwriters Healthcare Division, which offers program underwriting for health care accounts. The U.S. Risk healthcare product portfolio includes professional and general liability, automobile, umbrella, as well as risk management products and services for a vast array of healthcare risks. In addition to the healthcare division, U.S. Risk also has specialty underwriting programs for entertainment, staffing, energy, parking and valet services and financial services.

U. S. Risk Insurance Group operates 11 domestic and international branches, offering products and services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, U.S. Risk Financial Services, Professional Claims Managers, Advocate Reinsurance Partners, Oxford Insurance Brokers in London and Unisource Program Administrators.