Risk Theory, a specialty insurance platform based in Dallas, US, has acquired Roundhill Express, a managing general agent (MGA) specialising in commercial habitational property insurance within New York City.
This transaction is Risk Theory’s first MGA acquisition and forms part of its broader strategy to expand within specialised insurance markets.
Policies offered through Roundhill Express will now be backed by Amherst Specialty Insurance Company, a surplus lines carrier affiliated with Risk Theory.
Amherst Specialty Insurance recently added Jet Insurance Company, now Amherst National Insurance Company, to its carrier platform.
Roundhill Express uses an online portal to distribute package policies covering property and general liability for small habitational buildings, including landlord-tenant, owner-occupied and mixed-use properties.
The companyโs operations span underwriting, policy issuance, loss control and claims management.
Roundhill Express was created to address challenges in insuring habitational properties in New York City.
Roundhill Express founder Jim Lambert said: “Partnering with Risk Theory allows us to build on the strong foundation we have established with our broker partners.
“This transaction supports the long-term stability of the platform and positions us to continue investing in underwriting capabilities and broker support.”
Post-acquisition, Roundhill Express will retain its brand and continue serving the New York metropolitan market.
Risk Theory indicated that the acquisition will inform its future approach to growth through further acquisitions in the specialty property, casualty and professional insurance sectors.
Risk Theory CEO and chairman Bryan Wilburn commented: “The acquisition of Roundhill Express is the first proof point of our M&A [mergers and acquisitions] strategy, and we are excited to welcome Jim and his team into the Risk Theory family.
“Jim has built something genuinely differentiated in one of the most demanding insurance markets in the country, and it matters to me personally that the legacy he has created continues to grow within our platform. This is the kind of founder-built business we want to partner with.”
Established in 2013, Risk Theory operates 15 specialty programmes under seven brands. Its network includes more than 2,000 producers across the US.
The company has traditionally focused on building new underwriting businesses internally and is now extending its activity to acquisitions.
“Risk Theory takes over Roundhill Express” was originally created and published by Life Insurance International, a GlobalData owned brand.


