CRC Group Signs Agreement to Acquire Euclid Transactional

CRC Group, the independent broker and underwriting specialty insurance distributor, announced it has signed a definitive agreement to acquire Euclid Transactional, a global provider of transactional insurance solutions.

New York City-based Euclid Transactional is a managing general agency that specializes in underwriting transactional insurance, such as representations and warranties, tax liability and contingent liability.

Financial details of the proposed acquisition, which is subject to regulatory approvals, were not disclosed.

Euclid has a strong global presence, deep distribution and capacity relationships, and also has a leading claims organization, CRC said. With 11 offices across North America, Europe, and the Asia-Pacific region, Euclid Transactional brings to CRC an international footprint complemented by a highly specialized team, CRC added.

CRC Group announced in July 2025 that it would acquire Lloyd’s managing agency Atrium Underwriting Group.

“Euclid Transactional is an outstanding organization with a premier team, stellar reputation, and strong alignment with our vision for specialty growth,” said Dave Obenauer, CEO of CRC Group, in a statement. “This partnership will allow CRC Group to deepen our capabilities in financial and professional lines, expand our international reach, and deliver even more value to our 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.”

“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,” according to Jay Rittberg, managing principal of Euclid Transactional.

In connection with the deal, Guy Carpenter and Barclays served as financial advisers, while Debevoise & Plimpton served as legal advisers for CRC Group. Piper Sandler & Co. served as exclusive financial adviser, Jamieson Corporate Finance served as management adviser, and HSF Kramer served as legal counsel to Euclid Transactional.

About CRC Group

With approximately 6,000 teammates in offices across the United States, Canada, and the UK, CRC Group places more than $30 billion in annual premiums across property/casualty, and employee benefits.

Source: CRC Group

Topics Mergers & Acquisitions