CRC Group Agrees to Acquire Lloyd’s Managing Agency Atrium Underwriting Group

CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency Atrium Underwriting Group Ltd. from investment funds managed by Stone Point Capital and other investors.

Atrium will retain its brand name and independence under the leadership of its current management team within the CRC Group, making its first investment outside of North America.

Financial details of the transaction were not disclosed. It is expected to close in the third quarter, subject to customary closing conditions and regulatory approvals.

Atrium is a premier Lloyd’s underwriting business that manages Syndicate 609 and writes specialty insurance and reinsurance across property, casualty, and specialty business groups, CRC Group said.

The company generated $1.3 billion in gross written premium in 2024 and will continue to operate independently post-closing.

“As we move to the next phase of Atrium’s history, we are poised to deliver our strategic transformation agenda, one that builds on our team’s distinctive culture and Atrium’s long-standing reputation for delivering a consistent return on capital to its third-party capital providers,” said John Fowle, CEO of Atrium.

“Atrium’s well-established reputation, disciplined underwriting culture, and specialized product offerings align perfectly with our vision for strategic growth. Now operating as an independent organization, CRC Group is entering a new chapter—one defined by agility, focus, and a commitment to partnering with best-in-class firms,” Dave Obenauer, CRC Group CEO, added.

Topics Mergers & Acquisitions Excess Surplus Underwriting Talent Lloyd's