CRC Group LLC said on Friday that it has agreed to acquire the assets of specialized marine insurers Continental Underwriters Ltd.
The terms of the transaction were not disclosed. marine liabilities, sea freight and marine insurance, says CRC in a statement.
Continental has five additional offices in New York, Houston, Chicago, Seattle and Knoxville, Tennessee.
Fidelis Marine Underwriters and Fidelis Claims Services, which provide warranty, brokerage services, claims management and loss control, are included in the transaction, CRC said. to the statement.
All Continental staff will join the CRC, a spokeswoman said in an email.
The deal with CRC will give Continental the tools to "continue to grow and invest" in the business, said CEO H. Elder Brown III in the statement.