CRC Group buys Washington DC-based FEDS MGU

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CRC Team purchases Washington DC-based FEDS MGU

CRC Team, a nationwide wholesale representative of specialized insurance policy items, has actually gotten the possessions of Federal Worker Protection Provider (FEDS), a Washington DC-based handling basic expert (MGU) focusing on expert obligation protection for federal civil servant as well as specialists.

FEDS, which was established in 2007, will certainly enter into CRC Team’s Program Department however will certainly remain to run under its distinct brand. It’s the 11th brand name to sign up with CRC Team’s program organization, which the company wants to “grow significantly through organic program development and acquisitions” over the coming years, according to Nicholas Bozzo, head of state of CRC Programs.

“The FEDS team has consistently demonstrated strong underwriting and revenue results, and their inclusion in CRC Group will expand our opportunities in the public entity and governmental spaces,” claimed Dave Obenauer, Chief Executive Officer of CRC Team. “We’re excited to welcome them into our CRC Programs team.”

FEDS will certainly remain to be led by head of state, Tony Vergnetti. He commented: “CRC Group’s strong reputation and relationships with agents and carriers made them a natural partner for FEDS as we look to continue to invest in and grow our business. We’re looking forward to joining the CRC Group family and bringing our unique marketplace offering to an even broader set of distribution partners going forward.”

Regards to the deal were not divulged.

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