Safehold Special Risk acquires motorsports insurance firm WSIB Insurance

Safehold Special Risk, a program administrator that offers access to tailored insurance solutions for niche businesses and industries across the US, has acquired WSIB Insurance Agency.

The financial terms of the deal were not revealed by the parties.

Based in Charlotte, North Carolina, WSIB Insurance Agency offers a team of motorsports insurance specialists. The insurance agency provides a multi-line and comprehensive product offering on a nationwide basis, which is specifically designed for the exposures in the motorsports industry.

David Hatlem – WSIB Insurance Agency president said: “Joining forces with Safehold marks the start of an exciting partnership between our two firms as we combine our teams and expertise to serve the unique insurance needs of our valued motorsports clients.”

Safehold Special Risk acquires motorsports insurance firm WSIB Insurance

The acquisition of WSIB Insurance Agency is said to grow the motorsports program expertise of Safehold Special Risk.

John Paulk III – programs leader for Safehold Special Risk said: “We look forward to welcoming David and the talented professionals from WSIB to the Safehold team.

“With decades of shared risk management experience in motorsports, our teams bring experienced underwriters, loss control managers, risk managers, and claims professionals who are passionate about delivering custom-tailored risk management solutions for the motorsports industry.”