CRC Group Acquires Specialty Risk Associates in Louisiana

CRC Group has acquired Specialty Risk Associates Inc. in Shreveport, La.

Terms of the deal were not disclosed.

The addition of Specialty Risk expands CRC Group’s binding, transportation binding and personal lines business.

Specialty Risk Associates will be a part of CRC Group’s commercial solutions division. Over the coming months, the CRC and Specialty Risk teams will work together to integrate their operations. Until then, the firm will operate under its current brand name with no changes to location or underwriter.

Specialty Risk Associates is a managing general agency and surplus line insurance broker that offers an array of Property and Casualty insurance products.

CRC Group is a wholesale distributor of specialty insurance products throughout the U.S.