CRC Group, a leading independent wholesale specialty and MGA business, announced today the completion of its previously disclosed acquisition of Euclid Transactional, a leading global provider of transactional insurance solutions specializing in representations and warranties, and tax liability insurance.<\/p>\n
The acquisition represents another milestone in CRC Group\u2019s growth strategy. It reflects the Company\u2019s continued focus on partnering with high-performing specialty businesses that align with its commitment to underwriting excellence, strong distribution, and a client-first approach.<\/p>\n
Euclid Transactional is recognized worldwide as a premier transactional risk underwriting platform with a strong global presence, deep distribution and capacity relationships, and as a leading claims organization. Euclid Transactional operates offices across North America, Europe, and the Asia-Pacific region.<\/p>\n
\u201cWe are pleased to officially welcome Euclid Transactional to CRC Group,\u201d said Dave Obenauer, CRC Group CEO. \u201cThis acquisition further strengthens our specialty underwriting capabilities, expands our expertise in financial and professional lines, and furthers our international reach. All of this deepens our ability to serve clients and partners while advancing our long-term strategy of building a best-in-class specialty organization grounded in shared values.\u201d<\/p>\n
The combination of Euclid Transactional\u2019s global reach and transactional risk leadership with CRC Group\u2019s scale, technology investments, and distribution network reinforces a diversified and sustainable growth engine serving clients across the full risk spectrum. Euclid Transactional has established itself as a trusted partner to brokers, clients, and carriers.<\/p>\n
\u201cJoining CRC Group marks an important next chapter for our business,\u201d said Jay Rittberg, Managing Principal of Euclid Transactional. \u201cCRC\u2019s scale, resources, and long-term commitment to specialty insurance provide a strong foundation to support our continued growth while preserving the culture and operating model that have driven our success. We also want to thank Euclid Insurance Services and Searchlight Capital Partners for their investments and fantastic support over the past years, which helped us reach this outstanding result.\u201d<\/p>\n
CRC Group and Euclid Transactional, which will be part of the CRC Underwriting division, will leverage their combined expertise and resources to create additional opportunities for collaboration and deliver enhanced value across the specialty insurance marketplace.<\/p>\n
Guy Carpenter and Barclays served as financial advisors, while Debevoise & Plimpton served as legal advisors for CRC Group. Piper Sandler & Co. served as exclusive financial advisor, Jamieson Corporate Finance served as management advisor, and HSF Kramer served as legal counsel to Euclid Transactional.<\/p>\n
About CRC Group<\/strong> About Euclid Transactional<\/strong> CRC Group, a leading independent wholesale specialty and MGA business, announced today the completion of its previously disclosed acquisition of Euclid Transactional, a leading global provider of transactional insurance solutions specializing in representations and warranties, and tax liability insurance. The acquisition represents another milestone […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-9739","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\nCRC Insurance Group, through its operating entities, is one of the leading independent wholesale specialty insurance distributors, delivering the broadest range of insurance solutions available in the marketplace today. With approximately 6,000 teammates in offices across the United States, Canada, and the UK, CRC Group places more than $30B in annual premium across property and casualty, and employee benefits. Learn more at\u00a0www.crcgroup.com<\/a>.<\/p>\n
\nEuclid Transactional is a global managing general agent specializing in transactional risk insurance, including representations and warranties insurance and tax liability insurance. The company serves private equity firms, strategic buyers, attorneys, and advisors worldwide with solutions that support certainty and efficiency in mergers and acquisitions and has paid more than $1.3 billion to its clients. Learn more at\u00a0www.euclidtransactional.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"