Distinguished LLC finalized its acquisition of Bellevue, Wash.-based Fulcrum Insurance Programs.
Terms of the deal were not disclosed.
Fulcrum will combine with Distinguished’s own real-estate and hospitality program administrator, Bellevue-based National Specialty Underwriters. The combined businesses will be rebranded as “Distinguished Specialty” under the helm of Brooks Chase, president of NSU.
Both Fulcrum and NSU are known for their high-limits umbrella liability purchasing groups targeting commercial and habitational real estate, hotels, resorts, casinos and restaurants. Distinguished Specialty will feature additional programs including general liability, auto, property, crime, pollution liability and cyber liability.
Dusty Rowland, a Fulcrum principal, joins Distinguished Specialty as chairman and executive vice president of sales and marketing and takes a place on Distinguished’s board of advisors. Fulcrum principal Eric Arthur joins Distinguished Specialty as senior vice president of business development.
Distinguished Specialty will employ around 46 people, mostly in the Seattle area, with some working remotely across the country.
New York-based Distinguished LLC is a portfolio of businesses serving the insurance industry.
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