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CRC Group

Wholesale specialty insurance distributor with data

Overview

CRC Group is a wholesale specialty insurance distributor in North America serving retail agents and consumers seeking tailored coverage across Commercial Solutions, Specialty Programs, and Life, Retirement, and Benefits Solutions. It connects clients with A-rated carriers through wholesale markets and uses data-driven insights and proprietary platforms to guide underwriting, placement, and market selection, enabling it to place over $23.5 billion in premiums annually. The company stands out with a broad carrier network, analytics-driven decision-making, and a century-long presence across the continental U.S., supported by thought leadership and community programs like the Placing You First podcast and Market Assistance initiatives. Its goal is to help clients access optimal, cost-effective coverage efficiently by leveraging analytics, carrier partnerships, and market reach.

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About CRC Group

Simplify's Rating
Why CRC Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsFinancial Services

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

Charlotte, NC

Founded

2015

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What believers are saying

  • CRC completed Euclid Transactional on March 2, 2026, widening transactional liability reach.
  • CRC added Bethany Greenwood, Bill Goldstein, and Chris Grady in June and September 2026.
  • CRC's Insurisk Data Centers platform reached $500 million capacity on March 18, 2026.

What critics are saying

  • CRC's August 19, 2026 transformation office exposes fragmentation after McGriff and Crump sales.
  • Large private equity ownership from Stone Point, CD&R, and Mubadala demands eventual liquidity by 2028.
  • CRC's capital structures, including Trouvaille Re and Fractal Re, face severe loss volatility after 2027 catastrophes.

What makes CRC Group unique

  • CRC Group combines brokerage, underwriting, and proprietary capacity through REDY and sidecars.
  • CRC Group spans Starwind, AmRisc, Atrium, and Euclid Transactional across nine countries.
  • CRC Group launched Insurisk Cyber on September 22, 2026, bundling cyber, E&O, and monitoring.

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Company News

Insurance Business
Oct 15th, 2026
Insurance moves: Hartford, Marsh, CRC, MGT and OneShield.

Insurance moves: Hartford, Marsh, CRC, MGT and OneShield. The Hartford combines technology with data and AI and names a new risk chief, as Marsh hires Meta's data centre risk manager Oct 15, 2026 This week's moves include a leadership restructure at The Hartford, a broker hire from Big Tech for the data center boom, and finance and product appointments at two insurtechs. The Hartford restructures leadership. The Hartford is combining its data and AI function with its technology organization, giving operations to its claims chief and naming a new chief risk officer. The changes take effect on November 2. Chief information officer Shekar Pannala (pictured, left) will lead the combined technology, data and AI organization. Chief claims officer Stephen Deane (pictured, center) will also take responsibility for operations. James Yanosy (pictured, right), chief financial officer for business insurance, employee benefits, claims and centralized services, becomes chief risk officer, reporting directly to chairman and CEO Christopher Swift. Current chief risk officer Prateek Chhabra and chief data, AI and operations officer Jeffery Hawkins will leave at the end of the year. "We are simplifying execution, sharpening accountability, and increasing our ability to respond to a rapidly changing business environment," Swift said. President Mo Tooker said combining operations with claims would improve the customer experience. He said placing data and AI under the CIO would help embed analytics and new technology in how The Hartford serves customers and distribution partners. Combining claims and operations under one leader could make service more consistent for agents and their clients, from policy servicing to claims. Bringing AI under the technology organization may speed up tools aimed at agents. Marsh hires Meta data center risk manager. Marsh has appointed Michael Crowley (pictured immediately above) to the new role of senior enterprise risk advisor for digital infrastructure, based in San Francisco. He spent 10 years at Meta as a risk manager, leading its insurance programs, including an owner-controlled insurance program for its data centers that covered more than $200 billion in construction values. He previously worked in data center construction sourcing at Facebook and Amazon Web Services. Data center construction is creating some of the largest builder's risk and wrap-up placements in the market. Hiring from the buyer side gives Marsh first-hand knowledge of how hyperscalers manage those programs. CRC adds property broker. CRC Group has hired Allison Reagan (pictured immediately above) as senior vice president and property broker at CRC Specialty. She has more than 12 years of brokerage experience and joins from RT Specialty, where she was senior vice president. Property is softening across most of the market. Retail agents placing difficult commercial property accounts gain another experienced wholesale contact. MGT names first head of finance. MGT, an AI-focused commercial P&C insurer, has appointed Joe Magdovitz as its first head of finance, reporting to co-founder and co-CEO Michael Topol. He was previously chief financial officer of Vouch Insurance, where he led the sale of its underwriting business to Hiscox and oversaw more than threefold growth in written premium. A dedicated finance leader with capital markets experience suggests MGT may possibly be considering expansion into new markets and distribution channels, although that is not confirmed. OneShield names chief insurance officer. Core systems provider OneShield has appointed Terry Brown to the new role of chief insurance officer, to help shape its AI capabilities for P&C insurers and MGAs. Brown has worked in an independent agency, spent 17 years at Cincinnati Equitable Insurance Company, and later served as president of a core systems vendor. As carriers and MGAs adopt AI in underwriting, claims and billing, vendors with insurance operators in leadership may build tools that work better in daily use, including for the agents who rely on them.

Insurance Journal
Sep 24th, 2026
Markets/Coverages: CFC begins affirmative AI for intellectual property; CRC Specialty Launches Insurisk Cyber.

Markets/Coverages: CFC begins affirmative AI for intellectual property; CRC Specialty Launches Insurisk Cyber. September 24, 2026 CFC announced the launch of affirmative AI coverage within its intellectual property policy. AI is transforming how businesses create, develop and commercialize intellectual property. However, the legal framework governing the relationship between AI and IP remains fragmented and continues to evolve across jurisdictions. Questions concerning training data, ownership, infringement, liability and AI-generated outputs are creating new and increasingly complex exposures for businesses adopting the technology. CFC said its affirmative wording is designed to remove ambiguity without changing the fundamental scope of the policy. It provides confirmation that IP claims involving AI can remain covered where they would otherwise meet the policy's coverage requirements, giving brokers and their clients greater confidence. The enhancement recognizes that AI-related IP exposures can arise throughout the technology lifecycle. It also reflects a market in which responsibility for alleged infringement may fall on the business deploying or using an AI system, rather than solely on the technology provider. Unlike AI-related IP protection offered as a limited extension, CFC's standalone policy is designed to protect businesses against a broad range of IP disputes. The introduction of affirmative AI coverage builds on that specialist foundation. The launch forms part of CFC's wider program to embed affirmative AI coverage across its portfolio, providing customers with clearer and more explicit policy language as the use of AI becomes increasingly embedded in business operations. CRC Specialty Launches Insurisk Cyber to Address Evolving Cyber and Technology Risks Wholesale specialty distributor CRC Group announced that the company's Insurisk platform has launched Insurisk Cyber, a comprehensive cyber and technology insurance solution designed to help organizations with an increasingly complex digital risk ecosystem. Led by A- or better AM Best-rated paper, Insurisk Cyber combines cyber liability, technology E&O, and miscellaneous professional liability coverage into a single, streamlined policy form. In addition to insurance protection, policyholders receive access to active threat monitoring and discounted rates on a suite of cyber risk management resources, including secure software development monitoring, ransomware and data theft monitoring, and employee security awareness training and compliance tools. Insurisk Cyber is designed to support a broad range of cyber and technology risks while maintaining disciplined underwriting standards. The program is well-suited for many technology-driven organizations and businesses with complex technology E&O exposures. Was this article valuable? Interested in ai? Get automatic alerts for this topic.

Insurance Journal
Sep 4th, 2026
People moves: Ciak Joins Guy Carpenter's Healthcare Team from BMS Group; CRC Specialty Makes Hires Across Underwriting and Brokerage Teams.

People moves: Ciak Joins Guy Carpenter's Healthcare Team from BMS Group; CRC Specialty Makes Hires Across Underwriting and Brokerage Teams. September 4, 2026 Ciak Joins Guy Carpenter's Healthcare Team from BMS Group Jessica Ciak joined the healthcare segment Guy Carpenter as the firm's as a senior vice president, focusing on the U.S. medical professional liability sector. Based in Minneapolis, Minnesota, Ciak reports to Martha Jacobs, Guy Carpenter's healthcare segment leader. Ciak joins Guy Carpenter from BMS Group, where she most recently served as a senior vice president. She has over 25 years of reinsurance experience, having placed treaty reinsurance across a wide range of property/casualty products, most recently with a focus on specialty lines, including medical professional liability. Guy Carpenter is a business of Marsh and a leading global risk and reinsurance specialist. CRC Specialty Makes Hires Across Underwriting and Brokerage Teams CRC Group hired four professionals across its underwriting and brokerage teams nationwide. Hart Slade joined CRC Specialty as an underwriting team leader. Based in Sumter, South Carolina, Slade has over a decade of personal lines underwriting experience, including work with high-net-worth and hard-to-place risks. Brian Stephens joined CRC Specialty as a broker based in Austin, Texas. Stephens brings nearly two decades of experience across E&S brokerage, underwriting, branch leadership, and business development. His background includes managing all-lines E&S placements, leading underwriting operations and building relationships across the retail and carrier marketplace. Tyler Fuchs has joined CRC Specialty as an underwriting team lead in Charleston, South Carolina. Fuchs brings several years of commercial insurance experience, having progressed through underwriting support roles. His background includes commercial risk evaluation, account servicing and underwriting operations. Alyssa Scher joined CRC Group as a senior associate underwriting team leader in Tampa, Florida. Scher brings more than five years of underwriting experience. Her background includes account management, risk assessment and underwriting operations. Was this article valuable? Interested in agencies? Get automatic alerts for this topic.

Insurance Business
Aug 28th, 2026
CRC Specialty hires four specialists across Florida, Texas and South Carolina.

CRC Specialty hires four specialists across Florida, Texas and South Carolina. Three of the four hires land in the states where admitted carrier pullback from property lines has been sharpest. The placements are deliberate, not coincidental. CRC Specialty, the wholesale distribution arm of CRC Group, has added four professionals across underwriting and brokerage roles, with placements in Florida, Texas, and South Carolina. Those three states consistently rank among the highest-volume surplus lines markets in the country, alongside California and New York, according to AM Best research published in April 2025. The hires arrive as the US excess and surplus (E&S) lines market hits a record $129.8 billion in direct premiums written in 2024. That marks its seventh consecutive year of double-digit growth, according to AM Best. Demand for experienced wholesale underwriters and brokers is intensifying. Four hires, four specialisms. Hart Slade (pictured, left) joins as underwriting team leader in Sumter, South Carolina. He brings more than a decade of personal lines underwriting experience, with a particular focus on high-net-worth clients and hard-to-place risks. His background includes managing significant books of business, supporting portfolio growth, and mentoring underwriting staff. Brian Stephens (pictured, center) joins as a broker in Austin, Texas. Stephens brings close to 20 years spanning E&S brokerage, underwriting operations, and branch leadership. His background includes managing all-lines E&S placements and building relationships across retail and carrier channels. Tyler Fuchs takes up the position of underwriting team lead in Charleston, South Carolina. His background in commercial risk evaluation and account servicing positions him to support CRC's retail agency partners on the operational side of placement. Alyssa Scher (pictured, right) joins the Tampa, Florida office as senior associate underwriting team leader. She brings more than five years in underwriting across account management, risk assessment, and team development. Why wholesale capacity matters now. The geographic and specialist spread of the hires reflects where E&S pressure is concentrated. Florida and Texas carry among the highest catastrophe exposure of any US markets. Admitted carriers have pulled back from property lines in both states, redirecting volume to the non-admitted channel. AM Best noted in its April 2025 report that extreme weather and rising loss costs had prompted admitted writers to reassess their risk appetite. That has created openings for surplus lines carriers to absorb displaced business. That dynamic is reshaping how retail brokers operate. According to IBA's 2025 5-Star Wholesale Brokers and MGAs report, 33% of retail brokers now conduct more than half their business through wholesale partners. That is up from 23% the previous year. E&S growth did moderate in 2025. AM Best reported in January 2026 that surplus lines premiums grew 9.7% through the third quarter of 2025, compared with 13.5% over the same period in 2024. The slowdown reflected competitive pressure in commercial property, cyber, and directors and officers (D&O) liability lines. Even so, the segment continued absorbing complex risks that admitted carriers were declining - particularly in catastrophe-exposed property and high-hazard casualty. CRC's broader push. The four hires sit within a wider expansion at CRC Group. In May 2025, the company acquired ARC Excess & Surplus, a boutique management and professional liability wholesale broker with more than 250 carrier partners and over $1 billion in annual premium. The deal strengthened CRC's ExecPro professional liability practice. CRC Group places $32 billion in annual premium across property and casualty and employee benefits, according to the company. It operates through approximately 6,300 staff across the United States and 11 countries.

Insurance Business
Aug 20th, 2026
CRC Group builds a transformation office - and names the problem it is solving.

CRC Group builds a transformation office - and names the problem it is solving. Eighteen months after escaping bank ownership, CRC is consolidating data, AI and REDY into one coordinated strategy across businesses that have been operating independently since the McGriff and Crump sales. CRC Group has announced an enterprise-wide transformation strategy centered on a newly created Transformation Management Office, intended to bring the wholesale specialty distributor's data, AI and technology capabilities together across its businesses. Matt Spriggs will lead the office in a newly created role, chief enterprise transformation officer, while Jason Dufner has been promoted to chief information officer to lead CRC's information technology organization. Dave Obenauer, CEO of CRC Group, framed the office as central to how the company plans to compete going forward. "Transformation involves every aspect of our business and builds on our strengths as we find new ways to create greater value for our clients and drive long-term growth," Obenauer said, adding that CRC intends to help shape where the wholesale specialty industry goes rather than simply react to change within it. Spriggs joined what was then Truist Insurance Holdings in 2021 as CIO for the entire enterprise, overseeing technology, cybersecurity and innovation across all of its subsidiaries. Dufner, meanwhile, has served as CRC's chief technology officer since 2022 after roles at Truist, SunTrust and Flagstar Bank. His promotion to CIO fills the CRC-specific technology leadership position more directly. The independence context behind the timing. CRC's transformation strategy lands roughly 18 months after the business fully separated from Truist Financial Corporation. Private equity firms Stone Point Capital and Clayton, Dubilier & Rice, along with Mubadala Investment Company, completed their $15.5 billion acquisition of what was then Truist Insurance Holdings in May 2024. The company then sold its retail brokerage arm, McGriff, to Marsh McLennan for $7.75 billion and divested its life insurance distribution business, Crump, before rebranding as CRC Group to reflect a narrower focus on wholesale distribution and underwriting. Company leadership has previously described that period as an opportunity to invest and operate more independently after having been "treated like a bank" under its former ownership structure. Central to the new strategy is REDY, CRC's proprietary data and analytics platform, which the company says will be applied more broadly across the enterprise alongside AI tools and its proprietary capital vehicles. The Transformation Management Office is intended to coordinate these existing capabilities across CRC's various operating units rather than introduce entirely new technology from scratch. Part of a steady pace of activity across CRC's businesses. This announcement follows a year of consistent expansion and leadership activity across CRC's various operating businesses. The company recently completed acquisitions including Risk Transfer Partners, a Dallas-based casualty wholesale brokerage, and has continued adding leadership across its portfolio, including Insurance Business's own reporting on Starwind Specialty Insurance Services naming Ashley Orth as chief operating officer earlier this month. That pattern of steady acquisitions paired with leadership investment across individual units suggests the new Transformation Management Office is meant to coordinate an already active period of organizational growth rather than respond to a specific operational problem. Why this matters for brokers and retail partners. For retail agents and brokers who work with CRC's various wholesale and underwriting businesses, a coordinated data and technology strategy across the enterprise could mean more consistency in how quoting, underwriting data and AI-assisted tools show up across CRC's different units over time, rather than each business developing its own tools independently. Given how recently CRC completed its separation from Truist and how much acquisition activity has followed since, brokers working with multiple CRC-affiliated businesses may want to watch for signs of increased coordination between previously distinct operating units.

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