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Applied Underwriters Completes Spin-off of its Subsidiary United Risk as Newly Independent Company Expands Further Adding New Units and Top Leadership Staff
Recognized for its growing volume of specialized, niche market-leading programs, United Risk is unique in the field, according to Mr. Sahara, for its talented staff, depth of marketplace intelligence and multinational presence: "I see a bright future of potential for United Risk and its leadership team who have embraced in earnest a spirited confidence to build out the best business possible. At the same time, United Risk continues to enjoy strategic partnerships with the other Applied affiliates which have proven, deep resources giving United Risk an advantage over its direct competitors as it develops on its own in difficult areas such as cyber security, IT development, artificial intelligence and branding."
United Risk's CFO, Alex Amezquita , who joined the company recently after having served as CFO of Herbalife and as Senior Vice President at Moelis & Company, a global investment bank, concluded: "Applied has facilitated and incubated every step of United Risk's platform for growth up to this point. Now, there is much new ground to cover and new vistas to explore as we emerge as an insurance and financial powerhouse. Our entire team, and all of the program partners, are optimistically upbeat and ready for the challenges ahead."
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