CRC Group snaps up Specialty Risk Associates

INSURANCE COVERAGE INFORMATION

CRC Team buys Specialized Threat Associates

CRC Team, among the biggest wholesale suppliers of specialized insurance coverage items in the USA, has actually proceeded its 2020 development surge with the procurement of Specialized Threat Associates, Inc., an MGA and also excess lines broker based in Shreveport, LA.

The procurement increases CRC’s abilities in binding, transport binding, and also individual lines, specifically in Louisiana, Mississippi and also Texas. It’s been a hectic year for CRC in those sectors, with the wholesale broker including greater than 80 brand-new manufacturers and also numerous brand-new workplaces concentrated on those line of product.

CRC Team Chief Executive Officer Dave Obenauer commented: “We’ve long admired and respected the Specialty Risk Associates team. We’re 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.”

Specialized Threat Associates will certainly currently become part of CRC Team’s business remedies department. Over the coming months, they will certainly incorporate their procedures, however till after that, the business will certainly run under its existing trademark name without any modifications to area or expert get in touch with information.

“Partnering with CRC Group will allow us to bring more to our retail agent partners,” stated John Timber, Head Of State and also Chief Executive Officer of Specialized Threat Associates. “Our underwriters will have access to expanded products, 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.”

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