Reinsurance News
CRC Group
R.S. Class’s removal from IACS has consequences for shipping clients: CRC Group
1st April 2022
The removal of the Russian Maritime Register of Shipping (R.S. Class) from the International Association of Classification Societies (IACS), effective as of March 11, is set to impact ships obtaining insurance and entry into ports worldwide. Wholesale distributor of specialty insurance products, CRC Group said that classification societies, including the IACS ... Read the full article
CRC Group acquires Constellation Affiliated Partners
8th July 2021
CRC Group has closed on the acquisition of Constellation Affiliated Partners, more than doubling the size of its Specialty Programs Division and creates one of the largest program managers in North America. CRC Group’s new Specialty Programs Division now places more than $2.4B in premium across more than ten industry and ... Read the full article
CRC Group partners with Pan-American Benefit Solutions
10th March 2021
CRC Group, a wholesale distributor of specialty insurance products, has formed a new partnership between its subsidiary 5Star Specialty Programs and Pan-American Benefit Solutions (PABS). PABS is a division of Pan-American Life Insurance Group and the new partnership will focus on offering Workers Compensation coverage for the trucking industry. The product is ... Read the full article
CRC Group acquires Federal Employee Defense Services (FEDS)
5th February 2021
CRC Group, a US wholesale distributor of specialty insurance products, has acquired the assets of Federal Employee Defense Services (FEDS). FEDS is a niche MGU that specialises in professional liability coverage for federal government employees and contractors. Following the acquisition, it will continue to be headquartered in Bethesda, Maryland and led by ... Read the full article
CRC makes US senior appointments
14th December 2020
Specialty insurer, CRC Group has appointed Garrett Koehn and Brent Tredway as Co-Presidents of its Brokerage Division. Koehn and Tredway will assume national leadership roles as Co-Presidents of CRC Group’s Brokerage Division but divide primary responsibilities. Koehn, who is San Francisco-based, will lead the company’s efforts around engagement with national customers and ... Read the full article
CRC Group makes senior leadership changes
21st October 2020
Specialty insurer, CRC Group has announced changes to the company’s senior leadership team which will come into effect from January 1, 2021. Ron Helveston who is the current CEO of Commercial Solutions will retire, and be succeeded by Mike Brennan currently President, Commercial Solutions. In addition, Neil Kessler currently Chief Operating Officer, ... Read the full article
CRC Group wraps up acquisition of surplus lines broker Specialty Risk
2nd October 2020
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 ... Read the full article
CRC Group opens Indianapolis office, makes strategic hires
10th August 2020
As part of CRC Group’s focus to expand capabilities in the Midwest, the specialty insurer has announced the opening of a new Indianapolis office. The company has also made several strategic hires whilst in addition is considering M&A targets in the region. Mark Maucere has been named Office President of the new ... Read the full article
CRC Group appoints President of new Charlotte, NC office
15th October 2019
Specialty insurer CRC Group has announced the addition of Greg Watson as Office President of a new branch the firm is set to open in Charlotte, North Carolina. Watson started his career as a personal lines underwriter, and brings more than a decade of industry experience to CRC. CRC states that his ... Read the full article
CRC Group enhances Risk Evaluation Database platform
7th October 2019
US wholesale broker CRC Group has released new functionality for its Risk Evaluation Database (REDY) platform. REDY.Search will combine the knowledge of individual CRC brokers and underwriting with the company’s exposure and loss information to identify market and programs with the highest likelihood to write an account. It will deliver recommendations based ... Read the full article
CRC Group acquires Arkansas-based broker Argenia
3rd May 2019
U.S wholesale broker CRC Group has announced the acquisition of Argenia, LLC, an MGA and surplus lines broker based in Little Rock, Arkansas. CRC explained that the addition of Argenia will compliment its existing capabilities in Arkansas and the surrounding region, building on a previous acquisition that it made in the ... Read the full article
CRC Group partners with AMRISC on new Insurisk property products
11th March 2019
U.S wholesale broker CRC Group has partnered with sister company AMRISC, LLC to build, develop and underwrite property programs for CRC producers to distribute. The partnership will build products under the Insurisk name, which CRC announced as the new brand name for its exclusive products. The first new product, called Insurisk CAT+, ... Read the full article
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