Specialty insurer CRC Group has reached an agreement to acquire Continental Underwriters, a provider of primary marine, excess marine liabilities, ocean cargo, and inland marine insurance.
The acquisition is expected to close later this year and will see Continental become part of CRC Group’s Programs Division.
CRC Group and Continental Underwriters will work together to integrate operations after closing
“Over the last 50 years, Continental has built a successful track record of helping agents and insureds craft tailored marine, excess marine, inland marine, and cargo coverages,” said Dave Obenauer, Chief Executive Officer of CRC Group.
“Equally as important, the team has delivered outstanding underwriting results for their carrier partners.
“Continental significantly expands our capabilities in these specialty insurance markets, and we are looking forward to welcoming the team to the CRC Group family.”
“CRC Group’s commitment to delivering the best solutions to clients made them a great fit for our team,” said H. Elder Brown III, CEO of Continental Underwriters.
“We are excited to continue growing and investing in our business, and we are confident this partnership with CRC Group will provide us with the tools to accomplish that on an even broader scale going forward.
“We will continue to provide our clients with the same security, service, and capabilities they have come to expect from our team.”
