Crump Acquires Target Underwriting

New Jersey-based wholesaler Crump Property & Casualty Insurance Services Inc. has acquired Target Underwriting Management Corp., a managing general underwriter and program administrator headquartered in Connecticut.

The acquired assets include Target Insurance Services, Garden State Insurance Services and Florida Liability Assurance Group. Established in 1998, the operations specialize in professional liability coverage including specialty programs for accountants, lawyers, staffing agencies, home inspectors and miscellaneous E&O.

“Target is an important addition to our programs platform and represents a significant expansion of our professional lines underwriting capabilities. Target’s strong leadership team and contracts with key carriers enables Crump to better serve our retail partners with additional classes and market options,” said Dave Obenauer, president of Crump P&C.

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Source: Crump