Wallace Specialty Insurance Group has been bought by Risk Strategies, a top-tier national specialty insurance brokerage and risk management organization. The acquisition’s terms weren’t made public.

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Wallace Specialty was established in 2012 with the goal of offering the best insurance services possible to the dental sector. The company designs unique, comprehensive insurance policies for dental care providers, doctors, and maxillofacial and oral surgeons.

Professional liability, property, and general liability, workers’ compensation, management liability, and individual and group benefits are just a few of the services the company provides to its clients.

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The company is based just outside of Dallas in Richardson, Texas.

Risk Strategies Expands Medical Presence With Acquisition Of Wallace Specialty

Wallace Specialty is led by its founders and principals, Kyle and Terri Wallace. The business’s core team of insurance professionals uses its industry expertise to successfully compete against larger, national insurance brokerages in its region.

In addition, the firm serves dental professionals across the spectrum, including associates in practice, group practices, and practice owners. The firm also enjoys exclusive relationships with leading insurance companies in several US states and counts over 6,000 dentists as clients.

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Risk Strategies’ acquisition of Wallace Specialty will play a substantial role in building out the company’s overall capabilities in serving medical professionals.

Risk Strategies National Health Care Practice is a market leader and operates as a fully integrated practice across product lines and geographies.

“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.

Risk Strategies Expands Medical Presence With Acquisition Of Wallace Specialty

“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.”

“We know that specialty expertise creates real value for clients and our business,” said Kyle Wallace.

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“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.”

Earlier this year, Risk Strategies acquired The Insurance Center of Central Florida (ICCF), a firm primarily focused on crafting risk management solutions for private clients.