Business Moves: CRC Group Completes Buy of Euclid Transactional

Independent wholesale specialty insurance distributor CRC Group said it has completed its acquisition of Euclid Transactional.

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.

Terms of the deal, announced early January, were not disclosed.

“This acquisition further strengthens our specialty underwriting capabilities, expands our expertise in financial and professional lines, and furthers our international reach. All of this deepens our ability to serve clients and partners while advancing our long-term strategy of building a best-in-class specialty organization grounded in shared values,” said Dave Obenauer, CRC Group CEO, in a statement.

Euclid will be a part of the CRC Underwriting division. It operates offices across North America, Europe, and the Asia-Pacific regions.