DOXA Insurance Holdings acquires Ultra Risk Advisors
February 17, 2020, Bellevue, WA, USA — Ultra Risk Advisors, a wholesale broker with a focus on non-standard physicians, correctional healthcare, human services, aging services, and miscellaneous medical facilities, has announced its acquisition by DOXA Insurance Holdings, LLC (DOXA). Ultra Risk Advisors will continue its operations under the leadership of Chris Randall and his staff, and retain the Ultra Risk Advisors name.
“We are excited to have Chris Randall and his team join the DOXA family”, states Matt Sackett, DOXA CEO. “From our first interactions with Chris, we immediately realized that Ultra Risk Advisors shares many of the same philosophies as DOXA, specifically, the mission to understand the industries we serve to a level where we are recognized as experts, provide these industries with quality products and services with efficient processes that exceed our client’s expectations.”
Ultra Risk Advisors began as the healthcare division of National Specialty Underwriters (NSU) in 1995, rebranding as Ultra Risk Advisors in 2012, under the marketing name of Ultra. The firm developed its industry niche as a wholesale insurance provider within high-risk sectors of healthcare, namely liability, malpractice, and proactive risk management.
“The Ultra team is very pleased to join forces with DOXA Insurance while retaining our ability to further develop new and existing relationships with retail agents serving the healthcare industry,” says Chris Randall, President of Ultra. “This is a strategic step in our growth as we look forward to utilizing additional resources to bring even greater solutions to our retail agents.”
Ultra Risk Advisors will continue operating as Ultra from its home office in Bellevue, WA, with satellite offices in Chicago, Atlanta, Philadelphia, and Vancouver, WA. Mr. Randall will continue leading Ultra’s transition into DOXA while assuming the role of DOXA’s Chief Underwriting Officer.