CRC Group Finalizes Acquisition of Atrium, a Lloyd’s Managing Agency
CRC Group, a prominent wholesale specialty and managing general agent (MGA) firm based in Charlotte, North Carolina, has successfully completed its acquisition of Atrium, a managing agency within Lloyd’s. This strategic move is poised to enhance CRC Group’s position in the global insurance market.
Atrium will continue to operate under its established brand name, maintaining its independence while being led by CEO John Fowle and the existing management team. This continuity is expected to foster stability and confidence among Atrium’s clients and stakeholders.
The financial specifics of the acquisition, which was initially announced in July 2025, have not been disclosed. However, CRC Group emphasizes that this acquisition is a pivotal step in its strategy for global expansion.
“We are expanding our international reach, broadening our specialty capabilities, and leveraging our combined strengths to drive innovation and create new opportunities for collaboration across our global network,” stated Dave Obenauer, CEO of CRC Group. His comments underscore the company’s commitment to enhancing its service offerings and market presence.
Atrium is known for managing Lloyd’s Syndicate 609 and the newly launched Syndicate 2026, specializing in property, casualty, and specialty insurance as well as reinsurance. In 2024, Atrium reported an impressive $1.3 billion in gross written premiums, reflecting its strong market position and reputation for delivering consistent returns to capital providers through disciplined underwriting and operational excellence.
“Today marks a new chapter in Atrium’s story as we accelerate the delivery of our strategy as part of CRC Group,” remarked Atrium CEO Fowle. He emphasized that Atrium’s commitment to market-leading underwriting performance will be further strengthened by CRC Group’s long-term support, enabling the business to advance its objectives effectively.
The acquisition process involved several key financial and legal advisers. Insurance Advisory Partners LLC and Guy Carpenter Capital & Advisory acted as financial advisers for CRC Group, while Simpson Thacher & Bartlett LLP and Norton Rose Fulbright provided legal counsel. On the other side, Evercore Partners International LLP served as the exclusive financial adviser for Northshore Holdings Ltd., Atrium’s previous holding company, with Debevoise & Plimpton LLP as its legal adviser. Additionally, RPB acted as legal counsel for Atrium and its management team.
Source: CRC Group
Interested in Excess Surplus?
Get automatic alerts for this topic.
CRC Group, a prominent wholesale specialty and managing general agent (MGA) firm based in Charlotte, North Carolina, has successfully completed its acquisition of Atrium, a managing agency within Lloyd’s. This strategic move is poised to enhance CRC Group’s position in the global insurance market.
Atrium will continue to operate under its established brand name, maintaining its independence while being led by CEO John Fowle and the existing management team. This continuity is expected to foster stability and confidence among Atrium’s clients and stakeholders.
The financial specifics of the acquisition, which was initially announced in July 2025, have not been disclosed. However, CRC Group emphasizes that this acquisition is a pivotal step in its strategy for global expansion.
“We are expanding our international reach, broadening our specialty capabilities, and leveraging our combined strengths to drive innovation and create new opportunities for collaboration across our global network,” stated Dave Obenauer, CEO of CRC Group. His comments underscore the company’s commitment to enhancing its service offerings and market presence.
Atrium is known for managing Lloyd’s Syndicate 609 and the newly launched Syndicate 2026, specializing in property, casualty, and specialty insurance as well as reinsurance. In 2024, Atrium reported an impressive $1.3 billion in gross written premiums, reflecting its strong market position and reputation for delivering consistent returns to capital providers through disciplined underwriting and operational excellence.
“Today marks a new chapter in Atrium’s story as we accelerate the delivery of our strategy as part of CRC Group,” remarked Atrium CEO Fowle. He emphasized that Atrium’s commitment to market-leading underwriting performance will be further strengthened by CRC Group’s long-term support, enabling the business to advance its objectives effectively.
The acquisition process involved several key financial and legal advisers. Insurance Advisory Partners LLC and Guy Carpenter Capital & Advisory acted as financial advisers for CRC Group, while Simpson Thacher & Bartlett LLP and Norton Rose Fulbright provided legal counsel. On the other side, Evercore Partners International LLP served as the exclusive financial adviser for Northshore Holdings Ltd., Atrium’s previous holding company, with Debevoise & Plimpton LLP as its legal adviser. Additionally, RPB acted as legal counsel for Atrium and its management team.
Source: CRC Group
Interested in Excess Surplus?
Get automatic alerts for this topic.
