CRC Group Enters Agreement to Acquire Euclid Transactional

CRC Group, a prominent independent broker and underwriting specialty insurance distributor, has announced a significant move in the insurance sector by signing a definitive agreement to acquire Euclid Transactional. This acquisition marks a strategic expansion for CRC Group, as Euclid is recognized globally for its transactional insurance solutions.

Based in New York City, Euclid Transactional operates as a managing general agency specializing in underwriting various forms of transactional insurance, including representations and warranties, tax liability, and contingent liability. This expertise positions Euclid as a valuable asset for CRC Group, enhancing its portfolio in the specialty insurance market.

While the financial specifics of the acquisition remain undisclosed, it is important to note that the deal is subject to regulatory approvals. Euclid boasts a robust global presence, with deep distribution and capacity relationships, alongside a leading claims organization, as highlighted by CRC Group. With 11 offices strategically located across North America, Europe, and the Asia-Pacific region, Euclid Transactional brings an international footprint that is further complemented by its highly specialized team.

In a related development, CRC Group had previously announced its intention to acquire Lloyd’s managing agency Atrium Underwriting Group in July 2025, showcasing its commitment to growth and expansion within the insurance industry.

“Euclid Transactional is an outstanding organization with a premier team, stellar reputation, and strong alignment with our vision for specialty growth,” stated Dave Obenauer, CEO of CRC Group. He emphasized that this partnership will enhance CRC Group’s capabilities in financial and professional lines, broaden its international reach, and ultimately deliver greater value to clients. “We are excited and look forward to the opportunity to welcome the world-class Euclid Transactional team to CRC Group once the transaction is complete,” he added.

Jay Rittberg, managing principal of Euclid Transactional, echoed this sentiment, stating, “Joining CRC Group will position Euclid Transactional to accelerate growth while maintaining the underwriting excellence, our culture, and the service that our clients expect. CRC Group’s scale, focus on innovation, and strong relationships will allow us to broaden our reach and continue to lead the transactional risk market.”

In connection with this acquisition, several financial and legal advisers have been engaged. Guy Carpenter and Barclays served as financial advisers for CRC Group, while Debevoise & Plimpton acted as legal advisers. For Euclid Transactional, Piper Sandler & Co. served as the exclusive financial adviser, Jamieson Corporate Finance acted as the management adviser, and HSF Kramer provided legal counsel.

About CRC Group

CRC Group employs approximately 6,000 professionals across offices in the United States, Canada, and the UK. The organization places more than $30 billion in annual premiums across various sectors, including property/casualty and employee benefits.

Source: CRC Group

Topics
Mergers & Acquisitions

CRC Group, a prominent independent broker and underwriting specialty insurance distributor, has announced a significant move in the insurance sector by signing a definitive agreement to acquire Euclid Transactional. This acquisition marks a strategic expansion for CRC Group, as Euclid is recognized globally for its transactional insurance solutions.

Based in New York City, Euclid Transactional operates as a managing general agency specializing in underwriting various forms of transactional insurance, including representations and warranties, tax liability, and contingent liability. This expertise positions Euclid as a valuable asset for CRC Group, enhancing its portfolio in the specialty insurance market.

While the financial specifics of the acquisition remain undisclosed, it is important to note that the deal is subject to regulatory approvals. Euclid boasts a robust global presence, with deep distribution and capacity relationships, alongside a leading claims organization, as highlighted by CRC Group. With 11 offices strategically located across North America, Europe, and the Asia-Pacific region, Euclid Transactional brings an international footprint that is further complemented by its highly specialized team.

In a related development, CRC Group had previously announced its intention to acquire Lloyd’s managing agency Atrium Underwriting Group in July 2025, showcasing its commitment to growth and expansion within the insurance industry.

“Euclid Transactional is an outstanding organization with a premier team, stellar reputation, and strong alignment with our vision for specialty growth,” stated Dave Obenauer, CEO of CRC Group. He emphasized that this partnership will enhance CRC Group’s capabilities in financial and professional lines, broaden its international reach, and ultimately deliver greater value to clients. “We are excited and look forward to the opportunity to welcome the world-class Euclid Transactional team to CRC Group once the transaction is complete,” he added.

Jay Rittberg, managing principal of Euclid Transactional, echoed this sentiment, stating, “Joining CRC Group will position Euclid Transactional to accelerate growth while maintaining the underwriting excellence, our culture, and the service that our clients expect. CRC Group’s scale, focus on innovation, and strong relationships will allow us to broaden our reach and continue to lead the transactional risk market.”

In connection with this acquisition, several financial and legal advisers have been engaged. Guy Carpenter and Barclays served as financial advisers for CRC Group, while Debevoise & Plimpton acted as legal advisers. For Euclid Transactional, Piper Sandler & Co. served as the exclusive financial adviser, Jamieson Corporate Finance acted as the management adviser, and HSF Kramer provided legal counsel.

About CRC Group

CRC Group employs approximately 6,000 professionals across offices in the United States, Canada, and the UK. The organization places more than $30 billion in annual premiums across various sectors, including property/casualty and employee benefits.

Source: CRC Group

Topics
Mergers & Acquisitions