Specialty insurer CRC Group has completed the acquisition of MGA and surplus lines broker Specialty Risk Associates.
The addition of Specialty Risk sees CRC Group continue its expansion into binding, transportation binding, and personal lines.
The company has added more than 80 new producers and several new offices focused on those products in the last year.
CRC Group says Specialty Risk brings additional talent and operations in Louisiana and across the Gulf States region.
“We have long admired and respected the Specialty Risk Associates team. They are proven leaders in the binding, transportation, and personal lines segments across Louisiana, Mississippi and Texas,” said Dave Obenauer, CEO of CRC Group.
“We are excited to welcome them into the CRC Group family, and we will work together closely on the integration to be sure we bring the best of both firms to our retail agency clients.”
Specialty Risk will be a part of CRC Group’s Commercial Solutions Division and, over the coming months, the CRC and Specialty Risk teams will work together to integrate their operations.
Until then, the company will continue to operate under its current brand name with no changes to location or underwriter contact details.
“Partnering with CRC Group will allow us to bring more to our retail agent partners,” added John Wood, President and CEO of Specialty Risk Associates.
“Our underwriters will have access to expandedproducts, additional carriers, and industry leading technology – like CRC’s REDY platform. We believe the CRC Group team shares our values and our commitment to customers, and we are truly looking forward to the new opportunities this combination will bring.”
