USQRisk

USQRisk operates as an international managing general agent (MGA) that specializes in providing customized (re)insurance and alternative risk transfer solutions. Founded in 2020 by Anibal Moreno, Michael Zipper, and Parag Bavishi, the firm was established to address complex and unique risks that traditional insurance markets do not efficiently cover. The founders brought extensive experience from senior roles at major firms like Allianz, Zurich, and Travelers, intending to create a new MGA concept focused on bespoke risk financing. In May 2025, USQRisk was acquired by Ryan Specialty and now operates as part of its alternative risk division. Following the acquisition, Moreno stepped down, and co-founders Michael Zipper and Parag Bavishi were appointed co-CEOs.

The company serves corporate clients across a wide range of industries, including energy, transportation, real estate, technology, and financial institutions, who face challenges with the limitations and volatility of conventional insurance products. USQRisk's business model is centered on structuring, underwriting, and placing specialty insurance, often through multi-year contracts that offer stable premiums and fixed terms. The firm generates revenue as a managing general agent, and as of the end of 2024, it was reported to bring approximately $11 million in incremental operating revenue to its parent company, Ryan Specialty. Since its inception, the company has written over $850 million in gross written premiums.

USQRisk's core offerings are divided into two main divisions: Alternative Risk and Facilities. The Alternative Risk division focuses on creating bespoke, multi-year solutions for complex corporate risks across property & casualty, credit, and financial lines. An example of their work includes a collateral protection insurance product that helps organizations access debt at lower rates by isolating specific asset-secured risks. The Facilities division develops new products for unique risks in dislocated markets, such as the AXSAL Re partnership, which provides excess coverage for mid-sized trucking fleets. Additionally, USQRisk launched Desq, an accelerator platform designed to help entrepreneurial underwriters start their own MGAs, demonstrating a commitment to fostering new ventures within the specialty insurance sector.

Keywords: alternative risk transfer, managing general agent, specialty insurance, bespoke risk solutions, risk financing, reinsurance, corporate insurance, capital solutions, structured insurance, collateral protection insurance, MGA accelerator, non-traditional insurance, multi-year insurance, property & casualty, credit risk, financial lines insurance, fleet insurance, energy risk management, transactional risk, underwriting