Pennsylvania-based JC Stevens, a program underwriter specializing in cranes, has been acquired by Norman-Spencer for an undisclosed sum.
“JC Stevens has a built a strong reputation as a quality underwriting and service organization,” said Brian Norman, vice-president of Ohio-based Norman-Spencer, which provides p/c insurance services to retail and wholesale agents. “(Its) success in the crane industry made them a natural fit with our existing programs for concrete pumpers and cranes.
“By incorporating JC Stevens product offering into our Heavy Construction Division, Norman-Spencer is better positioned to fulfill the needs of our retail agent network,” he added.
JC Stevens traces its roots to the 1960s and was formed in 1993. The company has developed a base of over 400 brokers who identify companies with niche insurance needs. JCS provides extensive experience as an insurance program underwriter, manager and administrator.
“Norman-Spencer is a large, well-recognized company offering a comprehensive array of insurance programs and products,” said Heather Frain, Program Director at JC Stevens. “We are excited to join the Norman-Spencer team and bring these additional programs to our agents.”
Source: Norman-Spencer
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