Crum & Forster (C&F) Accident & Health, a Fairfax Holdings insurance company, has announced the acquisition of Partners Managing General Underwriters (PMGU), a medical stop loss insurance agency.
The acquisition marks C&F’s latest move in expanding its position within the self-insured marketplace.
C&F continues to make investments in the Accident & Health operation to vertically integrate products into its portfolio.
The acquisition of PMGU takes place during a time of growth and evolution in the self-insured industry and clearly demonstrates C&F’s commitment to this central line of business.
Brian Miller, CEO of PMGU, commented: “I know I speak for all of PMGU in sharing our excitement as we officially become part of the C&F A&H family. We have been strategically aligned for nearly seven years, and this move is one that is not only great for our organization, but also for those we have and will continue to serve.”
Gary McGeddy, President of C&F Accident & Health, added: “The acquisition of PMGU marks an exciting start to 2023. Our companies share the same vision and culture, and a commitment to partner service. Brian and his team will report into Gary Nidds, Executive Vice President of the Medical Business Unit, and the collective mission of our two organizations presents a wealth of opportunity to evolve and scale in a growing ecosystem.”
