Risk Specialists Companies Inc., a member company of NewYork-based American International Group Inc., said it acquiredGuild Underwriters Napa Inc. and its affiliated companies. Terms ofthe deal were not disclosed.

|

Guild Underwriters, doing business as “SRO Napa,” was owned byToronto-based Fairfax Financial Holdings Limited.

|

SRO Napa is a California-based managing general underwriter thatproduces and underwrites excess casualty and other specialtycasualty insurance products through three U.S. regional offices inNapa, Calif.; North Olmsted, Ohio; and West Hartford, Conn. Thecompany would not provide any additional details.

|

Matthew F. Power, president of Risk Specialist Companies, said,“This acquisition will expand our distribution, our geographicfootprint and our product offerings for middle market clients,while adding depth and breadth to our experienced teamnationwide.”

|

The Risk Specialists Companies is a surplus lines broker in theU.S. providing specialty casualty, property and personal linesinsurance from Lexington Insurance Company and other AIGcompanies.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.